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Property profile & analytics
OFF-MARKET
Warehouses
2317-2319 Lee Rd Cleveland Heights, OH 44118
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2256213
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1945
Construction
TYPE NOT SPECIFIED
Total area
7,316 SF
Lot
0.41 ac (17,952 SF)
Zoning code
C2-X
APN
687-08-016
UPID
US66-2256213
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
Kishore1 LLC · 4 yrs held
Kishore1 LLC
since 2022
Last sale
$495,000
7 recorded transactions
Zoning & alternative use
C2-X · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
, side yard transition zones shall be designed in accordance with Section 1131.16 Side Yard Transition Zones Standards. (c) Frontage Zone Requirements: Frontage zone requirements shall be as set forth in Section 1131.15 C2-X Frontage Standards. (d) District Boundaries: All properties within a C-2X District shall be within convenient walking distance of a sys…
Zone name
Commercial High Density
General category
COMMERCIAL
Zone area
70.24 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
$17,402
Tax year 2023
Assessed value
$121,240
Assessed 2023
Previous assessed
$121,240
+0.0% YoY
Effective rate
14.35%
On assessed value
Assessed land
$31,430
Assessed improvement
$89,810
Land market value
$89,800
Improvement market value
$256,600
Total market value
$346,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1945
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
0
Total area
7,316 SF
Lot
0.41 ac (17,952 SF)
Zoning code
C2-X
APN
687-08-016
UPID
US66-2256213
Jurisdiction
CUYAHOGA
Zoning & alternative use
C2-X · Cleveland Heights, OHZoning C2-X · permitted uses
C2-X · Cleveland Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
, side yard transition zones shall be designed in accordance with Section 1131.16 Side Yard Transition Zones Standards. (c) Frontage Zone Requirements: Frontage zone requirements shall be as set forth in Section 1131.15 C2-X Frontage Standards. (d) District Boundaries: All properties within a C-2X District shall be within convenient walking distance of a system of public par king facilities, and the District shall contain one or more busine
Zone name
Commercial High Density
General category
COMMERCIAL
Zone area
70.24 ac
Source
Zoning Code adopted 20240116
Building & site characteristics
From public records
Year built
1945
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
0
Lot
0.41 ac
Current owner
From public records · entity-resolved
Kishore1 LLC
Entity
Mailing address
2317 LEE RD, CLEVELAND, OH 44118-3413
Ownership since
2022
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
Jan 4, 2024
—
Kishore1 LLC
—
Deed
related
$50,000 · Civista Bank
Mar 14, 2022
$495,000
Kishore1 LLC
Om Properties LLC
Warranty Deed
$396,000 · Civista Bank
Jul 18, 2019
—
Om Properties LLC
Hopkins Lois M
Grant Deed
related
—
Mar 2, 2004
$370,000
Om Properties LLC
Hopkea Realty LP
Grant Deed
$368,449 · Hopkea Realty LP
Dec 24, 2003
—
Hopkea Realty LP
Hopkins,lois
Quit Claim Deed
related
—
—
—
Om Properties LLC
—
Deed Of Trust
related
$50,000 · Cleveland Heights City (oh)
—
—
Om Properties LLC
—
Deed Of Trust
related
$245,000 · Sky Bank
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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