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Property profile & analytics
OFF-MARKET
Commercial land
1646 Lockwood Ave East Cleveland, OH 44112-4410
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2657217
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1876
Total area
1,212 SF
Lot
0.23 ac (10,075 SF)
Zoning code
U2-H2
APN
672-06-009
UPID
US66-2657217
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
Cle Blackmon · 20 yrs held
Cle Blackmon
since 2005
7 recorded transactions
Zoning & alternative use
U2-H2 · East 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 East Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$478
Tax year 2023
Assessed value
$3,540
Assessed 2023
Previous assessed
$3,540
+0.0% YoY
Effective rate
13.50%
On assessed value
Assessed land
$3,540
Land market value
$10,100
Total market value
$10,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1876
Heating
FORCED AIR
Stories
2
Rooms
5
Bathrooms
1
Total area
1,212 SF
Lot
0.23 ac (10,075 SF)
Zoning code
U2-H2
APN
672-06-009
UPID
US66-2657217
Jurisdiction
CUYAHOGA
Zoning & alternative use
U2-H2 · East Cleveland, OH
Zoning U2-H2 · permitted uses
U2-H2 · East Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1876
Heating
FORCED AIR
Stories
2
Rooms
5
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Cle Blackmon
Individual
Free & Clear · 20 yrs held
Mailing address
4104 FULTON PKWY, CLEVELAND, OH 44144-1957
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2005
—
Cle Blackmon
Blackmon,mercedes
Quit Claim Deed
related
—
Jul 8, 2005
$33,000
Maureen Mcnamara
Blackmon,cle
Warranty Deed
$63,000 · Palladium-broomwell Holdings
Jun 30, 2005
—
Mercedes Blackmon
Blackmon,cle
Quit Claim Deed
related
—
Jun 1, 2005
$13,500
Cle Blackmon
Countrywide Home Loans INC
Grant Deed
—
Nov 30, 2004
$25,334
Countrywide Home Loans INC
Sheriff Of Cuyahoga County
Trustees Deed
related
—
Mar 29, 2000
—
Odella Brown
Winfield,la Keisha
Quit Claim Deed
related
—
Jul 21, 1999
$41,000
Lakesha Windfield
Brown,odella
Quit Claim Deed
related
—
Oct 22, 1998
$13,500
Odella Brown
Kelley,ramon J
Trustees Deed
—
—
—
Odella Brown
—
Deed Of Trust
related
$45,000 · Aames Home Loan
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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