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Property profile & analytics
OFF-MARKET
Commercial land
1651 Lockwood Ave Cleveland, OH 44112-4409
Individually Owned
18-yr Hold
Free & Clear
Property ID
US66-0350325
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1903
Total area
1,264 SF
Lot
0.09 ac (3,724 SF)
Zoning code
U2-H2
APN
672-08-041
UPID
US66-0350325
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
Singleton,william · 18 yrs held
Singleton,william
since 2008
7 recorded transactions
Zoning & alternative use
U2-H2 · 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
$324
Tax year 2023
Assessed value
$530
Assessed 2023
Previous assessed
$530
+0.0% YoY
Effective rate
61.13%
On assessed value
Assessed land
$530
Land market value
$1,500
Total market value
$1,500
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
1903
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
1
Total area
1,264 SF
Lot
0.09 ac (3,724 SF)
Zoning code
U2-H2
APN
672-08-041
UPID
US66-0350325
Jurisdiction
CUYAHOGA
Zoning & alternative use
U2-H2 · Cleveland, OH
Zoning U2-H2 · permitted uses
U2-H2 · 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
1903
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Singleton,william
Individual
Free & Clear · 18 yrs held
Mailing address
12800 SUPERIOR AVE #4, EAST CLEVELAND, OH 44112-4425
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2008
$4,500
Singleton,william
Emc Mortgage Corp
Grant Deed
—
Sep 13, 2006
—
Emc Mortgage Corp
Wells Fargo Bank NA
Quit Claim Deed
related
—
Sep 13, 2006
$16,667
Wells Fargo Bank NA
Sheriff Of Cuyahoga County
Trustees Deed
related
—
Apr 30, 2003
$80,000
Mark Kellogg
Kellogg,jeffery
Grant Deed
related
$79,000 · Jeffery Kellogg
Oct 15, 2002
$80,000
Jeffrey Kellogg
Gill,victor M
Quit Claim Deed
related
$68,000 · Meritage Mortgage Corp
Oct 15, 2002
—
Jeffrey Kellogg
Gill,george A
Quit Claim Deed
related
—
—
—
Victor M Gill
—
Deed Of Trust
related
$25,000 · Greater Cleveland Fire Fi FCU
—
—
Jeffrey Kellogg
—
Deed Of Trust
related
$72,000 · Union Fed'l Bank Indianapolis
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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