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Property profile & analytics
OFF-MARKET
Estimated value
$15,600,000
Super regional malls
230 Huron Rd Cleveland, OH 44113-1418
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1230959
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1930
Total area
201,034 SF
Lot
7.23 ac (314,729 SF)
APN
101-23-072A
UPID
US66-1230959
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
-
Dunkin' Cafe & Coffee Shop
-
Stein Sheldon Law Firm Financial Advisor
-
Geeks On Site Computer & Electronic Repair
-
TODAY'S DEALS Consultant
-
In.My.Bag Collection (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.96M
Blend (final)
Blend
$15.60M
Owner & transaction history
City Of Cleveland · 1 yrs held
City Of Cleveland
since 2024
Last sale
$15.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$24.9M
+22.2%
Medical building
$21.8M
+7.3%
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
Method
Estimation
Statistic approach
$15,600,000
ML approach
$15,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$20,365,000
Current use
APARTMENT HOUSE (5+ UNITS)
$24,885,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$21,845,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$18,765,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,885,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,660,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$15.60M
Range $14.04M – $17.16M · ±10% · vs last sale $15.60M (Aug 6 2024)
Last sale anchor
$15.60M
Aug 6 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
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
$240,418
Tax year 2023
Assessed value
$2,407,270
Assessed 2023
Previous assessed
$2,407,270
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$1,343,130
Assessed improvement
$1,064,140
Land market value
$3,837,500
Improvement market value
$3,040,400
Total market value
$6,877,900
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1930
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
201,034 SF
Lot
7.23 ac (314,729 SF)
APN
101-23-072A
UPID
US66-1230959
Jurisdiction
CUYAHOGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$20.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.9M
MEDICAL BUILDING
Est. value
$21.8M
WAREHOUSE, STORAGE
Est. value
$18.8M
AUTO REPAIR, GARAGE
Est. value
$17.9M
COMMERCIAL (GENERAL)
Est. value
$16.7M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7.23 ac
Current owner
From public records · entity-resolved
City Of Cleveland
Entity
Free & Clear · 1 yrs held
Mailing address
1092 WOODWARD AVE, DETROIT, MI 48226-1913
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
—
City Of Cleveland
Raisin Industries LLC
Re-recorded Document
related
—
Aug 6, 2024
—
Skyline Property Partners LLC
City Of Cleveland
Quit Claim Deed
related
—
Aug 5, 2024
—
City Of Cleveland
Sapphire Acquisitions LLC
Quit Claim Deed
related
—
Mar 23, 2016
$15,600,000
Raisin Industries LLC
Tower City Avenue LLC
Warranty Deed
—
Sep 24, 2015
—
Skylight Office Tower Holdings
Skylight Office Tower Spe LLC
Quit Claim Deed
related
—
Aug 12, 2015
—
Skylight Office Tower Spe LLC
Tower City Avenue LLC
Quit Claim Deed
related
—
Dec 31, 2007
—
Hard Rock Cafe Intl Stp INC
—
Deed Of Trust
related
$525,000,000 · Us Bank NA
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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