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Property profile & analytics
FOR SALE
Manufacturing properties
2324 Lakeside Ave, Cleveland, OH 44114
Entity Owned
Free & Clear
Property ID
US66-2244546
For Sale
1 / 2
$1,200,000
2324 Lakeside Ave, Cleveland, OH 44114
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1925
Construction
TYPE NOT SPECIFIED
Total area
9,740 SF
Lot
0.61 ac (26,615 SF)
Zoning code
SI
APN
102-10-012
UPID
US66-2244546
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
-
Bark Boarding Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$555k
Owner & transaction history
Lakeside Heights Qozb LLC
Lakeside Heights Qozb LLC
since 2025
7 recorded transactions
Zoning & alternative use
SI · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$865,000
+106.3%
Commercial (general)
$805,000
+92.2%
Apartment house (5+ units)
$720,000
+71.6%
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
$495,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$420,000
Current use
AUTO REPAIR, GARAGE
$865,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$805,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$720,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
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
$57 / 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
$20,449
Tax year 2023
Assessed value
$204,750
Assessed 2023
Previous assessed
$99,330
+106.1% YoY
Effective rate
9.99%
On assessed value
Assessed land
$51,240
Assessed improvement
$153,510
Land market value
$146,400
Improvement market value
$438,600
Total market value
$585,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1925
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Total area
9,740 SF
Lot
0.61 ac (26,615 SF)
Zoning code
SI
APN
102-10-012
UPID
US66-2244546
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$720,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1925
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
0.61 ac
Current owner
From public records · entity-resolved
Lakeside Heights Qozb LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2324 LAKESIDE AVE E, CLEVELAND, OH 44114-3710
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2025
—
Lakeside Heights Qozb LLC
2324 Lakeside Avenue LLC
Quitclaim Deed
related
—
Oct 27, 2025
—
2324 Lakeside Avenue LLC
Keyhole Lakeside Property LLC
Deed
—
Dec 8, 2023
—
Keyhole Lakeside Property LLC
—
Deed
related
$85,790 · First National Bank Of Pennsylvania
Apr 12, 2021
$585,000
Keyhole Lakeside Property LLC
Sixth City Development Group LLC
Warranty Deed
$697,250 · First National Bank Of Pennsylvania
Aug 31, 2018
—
Sixth City Dev Group LLC
St Paul Croatian FCU
Quit Claim Deed
related
$256,000 · First Nat'l Bk/pa
Jul 16, 2013
—
National Cu Admn Board
Gruber,rosemarie
Quit Claim Deed
related
—
Aug 13, 2012
$141,000
Rosemarie Gruber
Pesec,joseph
Quit Claim Deed
related
—
Jul 30, 2012
$282,000
Joseph Pesec
H Jadran LLC
Quit Claim Deed
related
—
May 29, 2008
$282,000
H Jadran LLC
2324 Lakeside Ltd
Warranty Deed
—
—
—
2324 Lakeside Ltd
—
Deed Of Trust
related
$609,000 · National City 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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