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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Garden apartment buildings
1556 Knuth Ave Euclid, OH 44132-3145
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1154782
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1949
Total area
3,563 SF
Lot
6.34 ac (276,040 SF)
Zoning code
U1
APN
648-22-002
UPID
US66-1154782
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$373k
Blend (final)
Blend
$620k
Owner & transaction history
Carleton East Operating Co LLC · 23 yrs held
Carleton East Operating Co LLC
since 2002
6 recorded transactions
Zoning & alternative use
U1 · Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$575,000
+118.6%
Medical building
$385,000
+46.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Euclid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Euclid submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$575,000
Change: +119% · Conversion: Moderate
MEDICAL BUILDING
$385,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$174 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,739
Tax year 2023
Assessed value
$216,440
Assessed 2023
Previous assessed
$216,440
+0.0% YoY
Effective rate
10.97%
On assessed value
Assessed land
$216,440
Land market value
$618,400
Total market value
$618,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1949
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
2
Total area
3,563 SF
Lot
6.34 ac (276,040 SF)
Zoning code
U1
APN
648-22-002
UPID
US66-1154782
Jurisdiction
CUYAHOGA
Zoning & alternative use
U1 · Euclid, OH
Zoning U1 · permitted uses
U1 · Euclid, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Euclid. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$575,000
MEDICAL BUILDING
Est. value
$385,000
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
6.34 ac
Current owner
From public records · entity-resolved
Carleton East Operating Co LLC
Entity
Mailing address
4420 SHERWIN RD, WILLOUGHBY, OH 44094-7994
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2019
—
Roco Parkside LLC
—
Deed
related
$481,000 · Jp Morgan Chase Bk
Aug 26, 2014
—
Roco-parkside LLC
—
Grant Deed
related
$17,200,000 · Citigroup Global Markets Rlty
Sep 13, 2002
—
Carleton East Operating Co LLC
Fame Midamco Co
Grant Deed
related
—
—
—
Roco Parkside LLC
—
Deed Of Trust
related
$481,000 · Jp Morgan Chase Bk
—
—
Euclid-richmond Gardens Ltd
—
Deed Of Trust
related
$4,000,000 · National City Bank
—
—
Euclid-richmond Gardens Ltd
—
Deed Of Trust
related
$9,440,000 · M & T Realty Capital Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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