Entity Owned 
For Sale
1 / 8
$250,000
15602 Waterloo Rd, Cleveland, OH 44110
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Property summary
AI-generated overview
A freestanding brick commercial building constructed in the 1920s, configured to support flexible commercial uses and including a full basement for additional functional space such as storage or workflow support. The existing layout is described as suitable for a range of concepts including retail, gallery space, or office use, with street-facing frontage and standalone building access. The property is located in the Waterloo Arts District, and access is described as being convenient to I-90. An included parking lot supports on-site parking needs, and remarks reference the potential for a rooftop patio.
Property profile
Verified
Property type
Other 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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$170k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$135k
Owner & transaction history
since 2023
Last sale
$210,000
5 recorded transactions
Zoning & alternative use
LR · Cleveland, OH
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 22 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$135k
Value range
$122k – $149k
±10% around blend
Estimated value / SF
$33 / SF
Confidence
High
22 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$122k
blend $135k
$149k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,097 SF
Lot area
0.16 ac
Year built
1920
Stories
1
APN
116-02-107
Zoning
LR
Assessed value
$37,110
Annual tax
$3,706
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$3,706
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$93k
Weighted, 20 comps · high confidence
Evidence
22 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.6 mi away · 3,774 SF
4.8 mi away · 3,924 SF
4.8 mi away · 3,527 SF
4.8 mi away · 3,527 SF
5.0 mi away · 3,106 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$135k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$39
-16%
Submarket 762 sales
$51
-36%
County 779 sales
$52
-36%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $33/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 22 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
8.75%
Selected cap rate for this other warehouses
Derived from the Cleveland market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.75%
9.0%
NOI (est.)
$22k *
Last sale · Nov 2023
$210k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$250k
Move the market yield to see immediate price impact.
Value / SF
$61
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.25%8.75%9.25%
$20k
$239k
$225k
$213k
$22k
$265k
$250k
$236k
$24k
$292k
$275k
$260k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
22 found
High confidence · county-verified
Closest comparable
$80k
0.6 mi · Oct 2025 · $22/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other 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, OHZoning LR · permitted uses
LR · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LR
Jurisdiction
Cleveland, OH
Recorded code
LR
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LR in Cleveland, OH.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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