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Property profile & analytics
OFF-MARKET
Parking lots & garages
217 Prospect E Ave Cleveland, OH 44115
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US66-1884279
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1900
Total area
6,074 SF
Lot
0.08 ac (3,375 SF)
Zoning code
GR
APN
101-26-049
UPID
US66-1884279
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
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
211 Prospect LLC · 16 yrs held
211 Prospect LLC
since 2010
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
—
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
$9,207
Tax year 2023
Assessed value
$86,250
Assessed 2023
Previous assessed
$86,250
+0.0% YoY
Effective rate
10.67%
On assessed value
Assessed land
$82,710
Assessed improvement
$3,540
Land market value
$236,300
Improvement market value
$10,100
Total market value
$246,400
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1900
Heating
NONE
Stories
2
Total area
6,074 SF
Lot
0.08 ac (3,375 SF)
Zoning code
GR
APN
101-26-049
UPID
US66-1884279
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
Heating
NONE
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
211 Prospect LLC
Entity
Mailing address
PO BOX 14100, CLEVELAND, OH 44114-0100
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 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
Jul 7, 2010
—
211 Prospect LLC
—
Deed Of Trust
related
$1,450,000 · Jdi Euclid LLC
Jun 4, 2010
—
211 Prospect LLC
Downtown Buildings LLC
Grant Deed
$1,000,000 · Jdi Euclid LLC
Dec 28, 2004
—
Downtown Buildings LLC
Mrn
Warranty Deed
related
—
Dec 20, 2002
—
Lower Euclid Avenue LLC
Cleveland City (oh)
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
Mrn LP
Quit Claim Deed
related
—
Oct 7, 2002
$200,000
Mrn LP
Bendoly,avram & Julie
Grant Deed
—
—
—
211 Prospect LLC
—
Deed Of Trust
related
$700,000 · Jdi Euclid LLC
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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