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Property profile

2175 Cornell Rd Cleveland, OH 44106

FOR LEASE
Turn key restaurants
Property ID
US66-0708779
3,751 SF 0.23 ac lot Built 1948
Last sale Feb 2022 · $328,200
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a second-generation restaurant space configured with a main dining area that includes a king-size bar area and a second-floor enclosed space suited for private parties and events. It totals 5,051 square feet and includes a spacious commercial kitchen equipped with standard kitchen equipment, along with a large hood ventilation system. The space is provided with existing furniture, and a liquor license is included as part of the property. A property condition report describes the building as being in strong condition.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$124k
Assessed land$35k
Assessed improvement$88k
Effective rate9.99%

Value estimate

· Oct 2026
$265k
$239k – $292k
AI approach$270k
NOI build-up
Gross scheduled income$91k
Vacancy & credit loss−$6k
Operating expenses−$21k
NOI · 667.53% cap applied$63k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$169/SF
Submarket average, outlier-cleaned · 196 recorded sales of this use type
Observed band · Q1–Q3$61 – $324
Qualifying comparables7

Cap rate analysis

How does the asset earn?
667.53%
$63k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MF-1
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon13.4
HVAC Service13.0
Auto Parts Store12.3

Location

2175 Cornell Rd Cleveland, OH 44106
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2037 Murray Hl, Cleveland, OH 44106-5988 $150,000 Mar 2025 3,732 SF
2092 Murray Hl, Cleveland, OH 44106-2359 $860,000 Nov 2023 4,960 SF
11003 Superior, Cleveland, OH 44106-1379 $125,000 Mar 2023 2,429 SF
8515 Euclid, Cleveland, OH 44106-2031 $1,903,553 Jan 2022 2,798 SF
12401 Cedar, Cleveland Heights, OH 44106-3153 $2,410,000 Sep 2021 2,447 SF
12207 Mayfield, Cleveland, OH 44106-1925 $800,000 Aug 2021 5,178 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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