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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Turn key restaurants
2052 4th St 2058 Cleveland, OH 44115-1024
Entity Owned
~
Est. High Equity
Property ID
US66-2395969
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
CONCRETE
Total area
40,254 SF
Lot
0.11 ac (4,760 SF)
Zoning code
GR
APN
101-26-069
UPID
US66-2395969
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 Balloon Corner (Bike/Boat/Book/etc) Store Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
East Fourth Street Asset Holdings L
East Fourth Street Asset Holdings L
since 2025
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
$26 / 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
$107,611
Tax year 2023
Assessed value
$1,034,290
Assessed 2023
Previous assessed
$1,034,290
+0.0% YoY
Effective rate
10.40%
On assessed value
Assessed land
$141,610
Assessed improvement
$892,680
Land market value
$404,600
Improvement market value
$2,550,500
Total market value
$2,955,100
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
1900
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
8
Units
35
Total area
40,254 SF
Lot
0.11 ac (4,760 SF)
Zoning code
GR
APN
101-26-069
UPID
US66-2395969
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
1900
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
8
Units
35
Lot
0.11 ac
Current owner
From public records · entity-resolved
East Fourth Street Asset Holdings L
Entity
Mailing address
5845 LANDERBROOK DR, CLEVELAND, OH 44124-4017
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
East Fourth Street Asset Holdings L
—
Deed
related
$38,000,000 · Argentic Real Estate Finance 2 LLC
Sep 18, 2025
—
East Fourth Street Asset Holdings L
East Fourth III Limited Partnership
Quitclaim Deed
related
—
Apr 24, 2023
—
East Fourth III Apartments A LLC
East Fourth III LP
Limited Warranty Deed
$15,573,750 · Tristate Capital Bank
Dec 17, 2010
—
Fourth East III
—
Deed Of Trust
related
$3,000,000 · Firstmerit Bank NA
Dec 20, 2002
—
Fourth East III
Lower Euclid Avenue LLC
Quit Claim Deed
related
—
Dec 16, 2002
—
Cleveland City (oh)
Lower Euclid Avenue LLC
Quit Claim Deed
related
—
Dec 13, 2002
—
Lower Euclid Avenue LLC
East Fourth III LP
Quit Claim Deed
related
—
Aug 24, 2000
—
Fourth East III
—
Grant Deed
related
$700,000 · Cleveland Development Ptshp
Aug 23, 2000
—
Fourth East III
—
Deed Of Trust
related
$1,600,000 · Metropolitan Bank & Trust Co
Jul 27, 2000
—
Fourth East III
Yedid,rachel
Grant Deed
related
—
—
—
Fourth East III
—
Deed Of Trust
related
$2,500,000 · Fifth Third 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.
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