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Property profile & analytics
OFF-MARKET
Estimated value
$7,995,000
Hotels
2000 9th St Cleveland, OH 44115-1301
Entity Owned
17-yr Hold
Free & Clear
Property ID
US66-0878498
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1902
Construction
TYPE NOT SPECIFIED
Total area
170,589 SF
Lot
0.32 ac (14,020 SF)
Zoning code
GR
APN
101-27-032
UPID
US66-0878498
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
-
Citizens ATM Atm
-
Kimpton Schofield Hotel Parking (Propark) Parking Lot & Garage
-
Citizens Bank Loan Service
-
Encore IT Consulting Firm Tech Support Center
-
Betts Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.00M
Owner & transaction history
Schofield Properties LLC · 17 yrs held
Schofield Properties LLC
since 2009
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
$47 / 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
$398,487
Tax year 2023
Assessed value
$3,990,000
Assessed 2023
Previous assessed
$4,129,440
-3.4% YoY
Effective rate
9.99%
On assessed value
Assessed land
$521,360
Assessed improvement
$3,468,640
Land market value
$1,489,600
Improvement market value
$16,935,100
Total market value
$18,424,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1902
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
14
Total area
170,589 SF
Lot
0.32 ac (14,020 SF)
Zoning code
GR
APN
101-27-032
UPID
US66-0878498
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
1902
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
14
Buildings
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Schofield Properties LLC
Entity
Free & Clear · 17 yrs held
Mailing address
1110 EUCLID AVE STE #300, CLEVELAND, OH 44115-1626
Ownership since
2009
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 20, 2019
—
Schofield Properties LLC
—
Grant Deed
related
$29,363,805 · Huntington Nat'l Bk
Oct 17, 2016
—
Schofield Properties LLC
—
Deed
related
$30,910,000 · Huntington Nat'l Bk
Oct 10, 2014
—
Schofield Properties LLC
—
Grant Deed
related
$4,950,000 · Wells Fargo Bk
Jun 16, 2009
—
Schofield Properties LLC
C R Lakewood
Quit Claim Deed
related
—
Aug 17, 2000
$3,050,000
Euclid-ninth Investors LLC
John Hancock Life Insurance Co
Grant Deed
$3,500,000 · Home Savings & Loan Youngstown
—
—
Schofield Properties LLC
—
Deed Of Trust
related
$30,910,000 · Huntington Nat'l Bk
—
—
Euclid-ninth Investors LLC
—
Deed Of Trust
related
$250,000 · Home Savings & Loan Youngstown
—
—
Schofield Properties LLC
—
Deed Of Trust
related
$562,500 · Cleveland City (oh)
—
—
Euclid-ninth Investors LLC
—
Deed Of Trust
related
$240,000 · Home Savings & Loan Youngstown
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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