New search
Property profile & analytics
FOR SALE
Warehouses
15602 Waterloo Rd Cleveland, OH 44110
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-5241691
For Sale
1 / 8
$250,000
15602 Waterloo Rd, Cleveland, OH 44110
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Total area
4,097 SF
Lot
0.16 ac (6,940 SF)
Zoning code
LR
APN
116-02-107
UPID
US66-5241691
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ishko Properties Ltd · 2 yrs held
Ishko Properties Ltd
since 2023
Last sale
$210,000
5 recorded transactions
Zoning & alternative use
LR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,706
Tax year 2023
Assessed value
$37,110
Assessed 2023
Previous assessed
$37,110
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$4,870
Assessed improvement
$32,240
Land market value
$13,900
Improvement market value
$92,100
Total market value
$106,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,097 SF
Lot
0.16 ac (6,940 SF)
Zoning code
LR
APN
116-02-107
UPID
US66-5241691
Jurisdiction
CUYAHOGA
Zoning & alternative use
LR · Cleveland, OH
Zoning LR · permitted uses
LR · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ishko Properties Ltd
Entity
Free & Clear · 2 yrs held
Mailing address
530 EUCLID AVE STE #24, CLEVELAND, OH 44115-1140
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
$210,000
Ishko Properties Ltd
Waterloo 15602 LLC
Warranty Deed
—
Dec 15, 2022
—
Waterloo 15602 LLC
Azure Stained Glass Studio LLC
Quit Claim Deed
related
—
Oct 28, 2019
$82,000
Azure Stained Glass Studio LLC
Northeast Shores Dev Corp
Grant Deed
$51,000 · Keybank USA
Aug 7, 2008
$85,000
Northeast Shores Dev Corp
Craig S Vrabec
Warranty Deed
$63,750 · Huntington Nat'l Bk
May 10, 2005
$87,500
Vrabec,craig S
Marguerite T Walczak
Warranty Deed
$74,500 · Marguerite T Walczak
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
