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Property profile & analytics
OFF-MARKET
Parking lots & garages
1850 44th St Cleveland, OH 44113-3265
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-0085015
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1890
Total area
1,200 SF
Lot
0.04 ac (1,590 SF)
Zoning code
2F
APN
003-29-038
UPID
US66-0085015
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
Matthew D Wallace · 13 yrs held
Matthew D Wallace
since 2013
6 recorded transactions
Zoning & alternative use
2F · 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
$188
Tax year 2023
Assessed value
$2,420
Assessed 2023
Previous assessed
$2,420
+0.0% YoY
Effective rate
7.77%
On assessed value
Assessed land
$1,540
Assessed improvement
$880
Land market value
$4,400
Improvement market value
$2,500
Total market value
$6,900
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1890
Heating
NONE
Stories
2
Rooms
7
Bathrooms
2
Total area
1,200 SF
Lot
0.04 ac (1,590 SF)
Zoning code
2F
APN
003-29-038
UPID
US66-0085015
Jurisdiction
CUYAHOGA
Zoning & alternative use
2F · Cleveland, OH
Zoning 2F · permitted uses
2F · 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
1890
Heating
NONE
Stories
2
Rooms
7
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Matthew D Wallace
Individual
Mailing address
1850 W 44TH ST, CLEVELAND, OH 44113-3265
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2013
$272,000
Matthew D Wallace
Smith,lynn N
Warranty Deed
$217,600 · Wells Fargo Bank
Feb 9, 2007
$262,500
Lynn N Smith
Denison Homes INC
Warranty Deed
$210,000 · Park View Fsb
Sep 23, 2005
—
Denison Homes INC
—
Trustees Deed
related
$210,000 · Park View Fsb
May 2, 2005
$3,400
Denison Homes INC
West 45th Suites LLC
Warranty Deed
—
Oct 14, 2004
—
West 45th Suites LLC
Benjamin Franklin Inv Svcs INC
Warranty Deed
related
—
—
—
Wallace,matthew D
—
Deed Of Trust
related
$33,500 · Wells Fargo Bk
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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