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Property profile & analytics
OFF-MARKET
Turn key restaurants
1938 Euclid Ave Cleveland, OH 44115-2253
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2324967
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Construction
TYPE NOT SPECIFIED
Total area
10,260 SF
Lot
0.23 ac (10,206 SF)
Zoning code
GR
APN
103-02-025
UPID
US66-2324967
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
-
The Cleveland Tailgate Sports Bar And Bistro Restaurant
-
BCBS of Cleveland Corporate Office
-
Euclid Cleaners Hardware & Home Improvement
-
Tailgate Sports Bar and Grille Bar & Pub Restaurant
-
Ieasha's Cupcake Cafe Bakery
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
Pro Land Holdings LLC · 1 yrs held
Pro Land Holdings LLC
since 2024
7 recorded transactions
Zoning & alternative use
GR · 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
$28,838
Tax year 2023
Assessed value
$288,750
Assessed 2023
Previous assessed
$505,230
-42.8% YoY
Effective rate
9.99%
On assessed value
Assessed land
$107,170
Assessed improvement
$181,580
Land market value
$306,200
Improvement market value
$518,800
Total market value
$825,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1910
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
10,260 SF
Lot
0.23 ac (10,206 SF)
Zoning code
GR
APN
103-02-025
UPID
US66-2324967
Jurisdiction
CUYAHOGA
Zoning & alternative use
GR · Cleveland, OH
Zoning GR · permitted uses
GR · 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
1910
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Pro Land Holdings LLC
Entity
Mailing address
1938 EUCLID AVE STE #200, CLEVELAND, OH 44115-2254
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
$2,000,000
Pro Land Holdings LLC
Collegetown Blue LP
Deed
$1,400,000 · First National Bank
Jul 31, 2009
$397,855
Collegetown Blue
1938 Euclid Avenue LLC
Warranty Deed
$700,000 · Liberty Bank
Dec 30, 2004
$400,000
1938 Euclid Avenue LLC
Abrams,stanley
Quit Claim Deed
related
$400,000 · Liberty Bank
—
—
Collegetown Blue LP
—
Deed Of Trust
related
$1,300,000 · Acacia Life Insurance Co
—
—
Collegetown Blue LP
—
Deed Of Trust
related
$500,000 · Cleveland City (oh)
—
—
Collegetown Blue LP
—
Deed Of Trust
related
$250,000 · Liberty Bank
—
—
Collegetown Blue LP
—
Deed Of Trust
related
$305,000 · Liberty Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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