Financial
Distress signals
Property profile

2019 Center St Cleveland, OH 44113

FOR LEASE
Office buildings
Property ID
US66-1390739
57,047 SF 0.27 ac lot Built 1900
Last sale Apr 2018 · $1,662,000
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a six-story office building with a total building area of 52,711 SF. It is constructed with a brick-and-beam design and is configured to support multiple office users, with Casa La Luna functioning as a ground-level restaurant anchor; this restaurant was previously known as Luca Restaurant. The property includes an adjacent land parcel suitable for additional parking and potentially for a future ground-up development. The asset is located in the Ohio City area of Cleveland, a

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$85k
Tax billed · 2023
Assessed value$853k
Assessed land$103k
Assessed improvement$749k
Effective rate9.99%

Value estimate

· Sep 2026
$3.31M
$2.97M – $3.64M
Sales comparison$3.54M
NOI build-up
Gross scheduled income$83k
Vacancy & credit loss−$17k
Operating expenses−$17k
NOI · 225,768.18% cap applied$50k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$162/SF
Submarket average, outlier-cleaned · 666 recorded sales of this use type
Observed band · Q1–Q3$70 – $293

Cap rate analysis

How does the asset earn?
225,768.18%
$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GI
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.4
Grocery Store10.3
Nursing Home10.4

Location

2019 Center St Cleveland, OH 44113
County assessor Recorded deeds · 9 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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