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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Apartment buildings
1940 96th St Cleveland, OH 44102-2664
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-3384036
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.07 ac (2,886 SF)
Zoning code
MF-2
APN
001-29-037
UPID
US66-3384036
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
-
Madison Park Apartments Apartment Building
-
U.I. Tatuz Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.37M
Owner & transaction history
1940 W 96 St LLC · 1 yrs held
1940 W 96 St LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
MF-2 · 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
Method
Estimation
Statistic approach
$1,370,000
ML approach
$1,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.37M (Sep 17 2024)
Last sale anchor
$1.37M
Sep 17 2024
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
—
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
$294
Tax year 2023
Assessed value
$2,940
Assessed 2023
Previous assessed
$2,940
+0.0% YoY
Effective rate
10.00%
On assessed value
Assessed land
$2,940
Land market value
$8,400
Total market value
$8,400
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
0.07 ac (2,886 SF)
Zoning code
MF-2
APN
001-29-037
UPID
US66-3384036
Jurisdiction
CUYAHOGA
Zoning & alternative use
MF-2 · Cleveland, OHZoning MF-2 · permitted uses
MF-2 · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
1940 W 96 St LLC
Entity
Mailing address
40 WALL ST E STE #100, NEW YORK, NY 10005-1304
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
$1,368,000
1940 W 96 St LLC
Acip W96 LLC
Limited Warranty Deed
—
Oct 30, 2018
$400,000
Acip W96 LLC
1940 W 96 Properties LLC
Grant Deed
$525,000 · Lima One Cap
May 22, 2013
—
1940 W 96 Properties LLC
Adp Properties LLC
Quit Claim Deed
related
—
Jul 28, 2010
—
Adp Properties LLC
—
Deed Of Trust
related
$2,100,000 · Sig Debt Offering 2010 LLC
Jul 13, 2010
—
Adp Properties LLC
1940 W 96 Properties LLC
Quit Claim Deed
related
—
Jul 6, 2009
$143,000
United Assets LLC
Ib Property Holdings LLC
Grant Deed
related
—
Jan 30, 2009
$180,000
Ib Property Holdings LLC
Sheriff Of Cuyahoga County
Trustees Deed
related
—
Jan 14, 1998
$488,000
Landon Properties Co Ltd
Toms,norman M
Grant Deed
$338,000 · Seller
—
—
Blvd Manor LLC
—
Deed Of Trust
related
$2,500,000 · Readycap Com'l
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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