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Property profile & analytics
FOR LEASE
Turn key restaurants
2112 Rockwell Ave Cleveland, OH 44114
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2585766
For Lease
1 / 9
Contact for pricing
2112 Rockwell Ave, Cleveland, OH 44114
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Total area
2,421 SF
Lot
0.14 ac (6,312 SF)
Zoning code
SI
APN
102-15-046
UPID
US66-2585766
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
-
Cleveland Cigar & Social Lounge (Bike/Boat/Book/etc) Store
-
Roc 21 Grille 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
by Request
Owner & transaction history
Rockwell Street Property LLC · 1 yrs held
Rockwell Street Property LLC
since 2024
7 recorded transactions
Zoning & alternative use
SI · 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
—
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
$10,864
Tax year 2023
Assessed value
$94,020
Assessed 2023
Previous assessed
$94,020
+0.0% YoY
Effective rate
11.55%
On assessed value
Assessed land
$16,560
Assessed improvement
$77,460
Land market value
$47,300
Improvement market value
$221,300
Total market value
$268,600
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
For Lease
Year built
1910
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
2,421 SF
Lot
0.14 ac (6,312 SF)
Zoning code
SI
APN
102-15-046
UPID
US66-2585766
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · 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
1910
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Rockwell Street Property LLC
Entity
Mailing address
635 W LAKESIDE AVE APT #202, CLEVELAND, OH 44113-1045
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2024
—
Rockwell Street Property LLC
1423 E2 1st LLC
Warranty Deed
$392,110 · Jon N Mavrakis Trust
May 24, 2017
—
1423 E21st LLC
—
Deed
related
$44,000 · First Nat'l Bk/pa
Jun 17, 2013
—
1423 E21st LLC
Mavrakis,jon
Warranty Deed
related
—
Jun 24, 2004
—
Jon Mavrakis
Mavrakis,nick
Quit Claim Deed
related
$230,000 · Interbay Funding LLC
—
—
Jon N Mavrakis
—
Deed Of Trust
related
$250,000 · National City Bank
—
—
1423 E21st LLC
—
Deed Of Trust
related
$205,807 · First Nat'l Bk/pa
—
—
1423 E21st LLC
—
Deed Of Trust
related
$44,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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