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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1712 55th St Cleveland, OH 44103-3118
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2197801
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
3,616 SF
Lot
1.06 ac (45,999 SF)
Zoning code
SI
APN
104-28-001
UPID
US66-2197801
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
Current use
Occupant on record · Public records
-
Krispy Krunchy Chicken Restaurant
-
Sunoco Gas Station
-
Bitcoin Depot ATM Atm
-
Max Wireless Mobile Phone Store Electronics & Wireless Store
-
Amazon Hub Counter - Max Wireless Courier Service Postal Service
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
Annies Properties LLC · 4 yrs held
Annies Properties LLC
since 2022
Last sale
$469,000
7 recorded transactions
Zoning & alternative use
SI · 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
$16,395
Tax year 2023
Assessed value
$164,160
Assessed 2023
Previous assessed
$210,010
-21.8% YoY
Effective rate
9.99%
On assessed value
Assessed land
$86,140
Assessed improvement
$78,020
Land market value
$246,100
Improvement market value
$222,900
Total market value
$469,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
3,616 SF
Lot
1.06 ac (45,999 SF)
Zoning code
SI
APN
104-28-001
UPID
US66-2197801
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · 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
2004
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Annies Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
25104 WILDWOOD DR, WESTLAKE, OH 44145-4975
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
—
Annies Properties LLC
—
Deed
related
$3,500,000 · 1211 Group LLC
May 13, 2022
—
Annies Properties LLC
—
Deed
related
$2,000,000 · 1211 Group LLC
Feb 8, 2022
$469,000
Annies Properties LLC
55 Rapid LLC
Warranty Deed
—
Aug 31, 2020
$435,248
55 Rapid LLC
Rapid Stop Properties LLC
Grant Deed
related
—
Dec 6, 2019
—
Annies Properties LLC
—
Deed
related
$710,000 · Philip C & Kathryn J Marek
Feb 22, 2010
$435,247
55 Rapid LLC
Rapid Stop Properties LLC
Dual Purpose Document
related
$435,247 · National City Bank
Sep 10, 2004
—
Rapid Stop Properties LLC
—
Trustees Deed
related
$700,000 · National City Bank
Jun 21, 2002
$180,000
Rapid Stop Properties LLC
Charles C Pearson Estate
Grant Deed
—
—
—
Annies Properties LLC
—
Deed Of Trust
related
$710,000 · Philip C & Kathryn J Marek
—
—
55 Rapid LLC
—
Deed Of Trust
related
$895,382 · Cherandon Plaza LLC
—
—
Rapid Stop Properties LLC
—
Deed Of Trust
related
$1,017,154 · Rapid Stop INC
—
—
Rapid Stop Properties LLC
—
Deed Of Trust
related
$80,000 · D Green & Associates INC
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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