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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Residential income homes
1765 Allandale Ave, East Cleveland, OH 44112-5037
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US66-0823238
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1961
Construction
TYPE NOT SPECIFIED
Total area
5,184 SF
Lot
0.18 ac (7,772 SF)
Zoning code
U2-H2
APN
673-03-123
UPID
US66-0823238
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
$522k
Blend (final)
Blend
$515k
Owner & transaction history
Kisha M Skinner · 16 yrs held
Kisha M Skinner
since 2010
1 recorded transaction
Zoning & alternative use
U2-H2 · East Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$840,000
+118.6%
Medical building
$565,000
+46.9%
Neighborhood: shopping center
$525,000
+36.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$385,000
Current use
OFFICE BUILDING
$840,000
Change: +119% · Conversion: Moderate
MEDICAL BUILDING
$565,000
Change: +47% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$460,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$430,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$330,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
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
$2,697
Tax year 2023
Assessed value
$20,830
Assessed 2023
Previous assessed
$20,830
+0.0% YoY
Effective rate
12.95%
On assessed value
Assessed land
$4,590
Assessed improvement
$16,240
Land market value
$13,100
Improvement market value
$46,400
Total market value
$59,500
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
4
Bathrooms
4
Total area
5,184 SF
Lot
0.18 ac (7,772 SF)
Zoning code
U2-H2
APN
673-03-123
UPID
US66-0823238
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$385,000
OFFICE BUILDING
Est. value
$840,000
MEDICAL BUILDING
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$430,000
RETAIL STORES
Est. value
$330,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Kisha M Skinner
Individual
Mailing address
1765 ALLANDALE AVE, CLEVELAND, OH 44112-5037
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2010
$59,900
Kisha M Skinner
Wright,clarence L JR & Celestia A
Warranty Deed
$71,975 · American Midwest Mortgage Corp
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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