Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2136 West Blvd Cleveland, OH 44102

    • Small apartment buildings
    • 3,130 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5704167
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 2136 West Blvd

    Year built
    1913
    Lot size
    0.17 lot acres
    Property size
    3,130 SF
    Property type
    Small apartment buildings

    Description

    This 3-unit multifamily property located at 2136 West Blvd, Cleveland, OH 44102, presents a compelling investment opportunity. Built in 1913, this three-story triplex boasts a total of 3,130 square feet situated on a 0.17-acre lot. The property currently has 33% occupancy, with one unit generating $860 monthly rent on a lease expiring November 30, 2025. Each of the three units includes two bedrooms and one full bathroom. Units 1 and 2 feature hardwood floors and carpeted bedrooms, while Unit 3 offers vinyl plank flooring and carpeted bedrooms. Unit 1 benefits from a rear deck, while Units 2 and 3 have private back balconies. Shared laundry facilities are conveniently located in the basement, and off-street parking is available via a paved driveway. This property enjoys a central location with easy highway access, placing it within minutes of downtown Cleveland and offering proximity to shopping, dining, and public transportation. The seller is open to offering a 2% seller credit with a suitable offer. This historic West Boulevard District property offers significant potential for rental income growth and appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7559607
    Latitude
    41.47321

    Comparable in this City

    • $599,900
      4,917 SF

      Mixed-Use Building in Ohio City

      Value-add property with income potential in a growing neighborhood.
      5201-5207 Lorain Ave, Cleveland, OH 44102
      View Details
    • $1,290,000
      1 SF

      Lorain Avenue Mixed-Use Redevelopment Opportunity

      Mixed-use property on Lorain Ave with redevelopment potential.
      5333 Lorain Ave, Cleveland, OH 44102
      View Details
    • $2,766,100
      0.10 Acres

      Cleveland Multifamily Portfolio

      22-Unit Investment Opportunity in Near West Side
      3584 46Th St, Cleveland, OH 44102
      View Details
    • $614,900
      5,000 SF

      Cleveland Multifamily Investment Opportunity

      Four attached townhomes near Gordon Square, fully occupied, investment opportunity.
      5801 Franklin Blvd, Cleveland, OH 44102
      View Details
    • New
      $239,900
      2,124 SF

      Cleveland Multifamily Property in Detroit Shoreway

      Multifamily property in Cleveland's desirable Detroit Shoreway neighborhood.
      1844 W 48Th St, Cleveland, OH 44102
      View Details
    • $154,900
      1,160 SF

      Ohio City Investment Opportunity

      Investment opportunity in Ohio City near West Side Market.
      4809 Fenwick Ave, Cleveland, OH 44102
      View Details

    Similar Nearby for Sale

    • $614,900
      5,000 SF

      Cleveland Multifamily Investment Opportunity

      Four attached townhomes near Gordon Square, fully occupied, investment opportunity.
      5801 Franklin Blvd, Cleveland, OH 44102
      View Details
    • $599,900
      4,917 SF

      Mixed-Use Building in Ohio City

      Value-add property with income potential in a growing neighborhood.
      5201-5207 Lorain Ave, Cleveland, OH 44102
      View Details
    • $1,290,000
      1 SF

      Lorain Avenue Mixed-Use Redevelopment Opportunity

      Mixed-use property on Lorain Ave with redevelopment potential.
      5333 Lorain Ave, Cleveland, OH 44102
      View Details
    • $2,766,100
      0.10 Acres

      Cleveland Multifamily Portfolio

      22-Unit Investment Opportunity in Near West Side
      3584 46Th St, Cleveland, OH 44102
      View Details
    • $244,900
      Pending

      Cleveland Four-Unit Investment Opportunity

      Four-unit property in Cleveland with value-add potential and strong rental market.
      3334 W 82Nd St, Cleveland, OH 44102
      View Details
    • $419,000
      2,540 SF

      Updated Duplex Near Downtown Cleveland

      Updated duplex perfect for owner-occupant or investment property.
      2049 West Blvd, Cleveland, OH 44102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Outdoor Storage Space Available

      Industrial outdoor storage space for lease, close to Route 90.
      10300 Berea Rd, Cleveland, OH 44102
      View Details
    • $18 SF/Yr
      2,700 SF

      Ohio City Creative Retail Space

      2700 SF creative/retail space in Ohio City for rent.
      4517 Lorain Ave, Cleveland, OH 44102
      View Details
    • $5 SF/Yr
      75,987 SF

      Air-Conditioned Industrial Space Available

      75,987 SF industrial space with manufacturing amenities for lease.
      5502 Cass Ave, Cleveland, OH 44102
      View Details
    • New
      $1,400 /Mo
      5,741 SF

      Cleveland Landmark Building Storefronts

      High-visibility storefronts in a landmark building with private parking.
      9815 Lorain Ave, Cleveland, OH 44102
      View Details
    • $6 SF/Yr
      79,515 SF

      Two-Story Warehouse Near I-90

      Two-story warehouse with secured storage, near Detroit Shoreway.
      9007 Detroit Ave, Cleveland, OH 44102
      View Details
    • $1,875 /Mo
      3,049 SF

      Renovated Office Space in Cleveland

      Newly renovated office space with parking in Gordon Square.
      5808 Detroit Ave, Cleveland, OH 44102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2136 West Blvd
    Cleveland, OH 44102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.