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Property profile & analytics
OFF-MARKET
Parking lots & garages
2172 Grandview Ave Cleveland Heights, OH 44106
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2332695
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1910
Total area
1,534 SF
Lot
0.76 ac (33,139 SF)
Zoning code
B
APN
685-26-083
UPID
US66-2332695
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
City Of Cleveland · 1 yrs held
City Of Cleveland
since 2024
3 recorded transactions
Zoning & alternative use
B · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ISTRICTS ESTABLISHED. For the purposes of this Zoning Code the City is hereby divided into the following districts of permitted uses as follows: AA Single-Family Residential District A Single-Family Residential District B Two-Family Residential District MF-1 Multiple-Family Residential District MF-2 Multiple-Family Residential District MF-3 Multiple-Family R…
Zone name
Two Family Residential District
General category
RESIDENTIAL
Zone area
173.34 ac
Source
Zoning Code adopted 20240116
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 Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland Heights 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
$14,173
Tax year 2023
Assessed value
$96,080
Assessed 2023
Previous assessed
$96,080
+0.0% YoY
Effective rate
14.75%
On assessed value
Assessed land
$81,200
Assessed improvement
$14,880
Land market value
$232,000
Improvement market value
$42,500
Total market value
$274,500
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
1910
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
1
Total area
1,534 SF
Lot
0.76 ac (33,139 SF)
Zoning code
B
APN
685-26-083
UPID
US66-2332695
Jurisdiction
CUYAHOGA
Zoning & alternative use
B · Cleveland Heights, OHZoning B · permitted uses
B · Cleveland Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ISTRICTS ESTABLISHED. For the purposes of this Zoning Code the City is hereby divided into the following districts of permitted uses as follows: AA Single-Family Residential District A Single-Family Residential District B Two-Family Residential District MF-1 Multiple-Family Residential District MF-2 Multiple-Family Residential District MF-3 Multiple-Family Residential District C-1 Office District C-2 Local Retail District C-2X Multiple U
Zone name
Two Family Residential District
General category
RESIDENTIAL
Zone area
173.34 ac
Source
Zoning Code adopted 20240116
Building & site characteristics
From public records
Year built
1910
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
City Of Cleveland
Entity
Free & Clear · 1 yrs held
Mailing address
40 SEVERANCE CIR STE #311, CLEVELAND HEIGHTS, OH 44118-1501
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
City Of Cleveland
Grandview Bellfield Development LLC
Limited Warranty Deed
—
Oct 5, 2018
—
Grandview-bellfield Dev LLC
Cedar-grandview Co
Quit Claim Deed
related
—
Jun 10, 1998
—
Cedar-grandview Co
Russo's INC
Quit Claim Deed
related
—
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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