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Property profile & analytics
OFF-MARKET
Estimated value
$4,905,000
Retail space
2000 Sycamore St Cleveland, OH 44113-2347
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2117308
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
CONCRETE
Total area
64,125 SF
Lot
1.69 ac (73,786 SF)
Zoning code
GR
APN
003-19-010
UPID
US66-2117308
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
-
Loyola Club Nightclub Music Venue
-
Greater Cleveland Aquarium Aquarium Tourist Attraction
-
ABM Parking Services Parking Lot & Garage
-
Windows on the River Wedding Service
-
Splash Fund Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.30M
Blend (final)
Blend
$4.91M
Owner & transaction history
Nautica Phase 2 Limited Partnership · 4 yrs held
Nautica Phase 2 Limited Partnership
since 2021
3 recorded transactions
Zoning & alternative use
GR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.9M
+93.1%
Medical building
$7.0M
+69.5%
Neighborhood: shopping center
$6.5M
+58.1%
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
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
RETAIL STORES
$4,110,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,935,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$6,970,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,495,000
Change: +58% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,985,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,705,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$4.91M
Range $4.41M – $5.40M · ±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
$76 / 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
$202,739
Tax year 2023
Assessed value
$2,030,000
Assessed 2023
Previous assessed
$2,030,000
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$516,600
Assessed improvement
$1,513,400
Land market value
$1,476,000
Improvement market value
$4,324,000
Total market value
$5,800,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Buildings
4
Stories
3
Total area
64,125 SF
Lot
1.69 ac (73,786 SF)
Zoning code
GR
APN
003-19-010
UPID
US66-2117308
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
WAREHOUSE, STORAGE
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.7M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1900
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
4
Lot
1.69 ac
Current owner
From public records · entity-resolved
Nautica Phase 2 Limited Partnership
Entity
Mailing address
1231 MAIN AVE, CLEVELAND, OH 44113-2306
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
—
Nautica Phase 2 Limited Partnership
—
Deed
related
$1,200,000 · First National Bank Of Pennsylvania
Jul 6, 2011
—
Nautica Aquarium LLC
—
Deed Of Trust
related
$2,000,000 · Cleveland City (oh)
—
—
Nautica Phase 2 Limited Ptshp
—
Deed Of Trust
related
$1,875,000 · First Nat'l Bk/pa
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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