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Property profile & analytics
OFF-MARKET
Warehouses
23500 Lakeland Blvd, Euclid, OH 44132-2613
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1917725
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1953
Construction
WOOD
Total area
1,600 SF
Lot
0.74 ac (32,387 SF)
Zoning code
U6
APN
647-07-010
UPID
US66-1917725
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
Kv Lakeland Properties LLC · 3 yrs held
Kv Lakeland Properties LLC
since 2023
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
U6 · Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Euclid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Euclid 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
$8,569
Tax year 2023
Assessed value
$78,130
Assessed 2023
Previous assessed
$78,130
+0.0% YoY
Effective rate
10.97%
On assessed value
Assessed land
$37,420
Assessed improvement
$40,710
Land market value
$106,900
Improvement market value
$116,300
Total market value
$223,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1953
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Bathrooms
1
Total area
1,600 SF
Lot
0.74 ac (32,387 SF)
Zoning code
U6
APN
647-07-010
UPID
US66-1917725
Jurisdiction
CUYAHOGA
Zoning & alternative use
U6 · Euclid, OH
Zoning U6 · permitted uses
U6 · Euclid, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Euclid. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Kv Lakeland Properties LLC
Entity
Mailing address
18222 LANKEN AVE, CLEVELAND, OH 44119-3214
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2023
$700,000
Kv Lakeland Properties LLC
Kathleen M Phillips
Warranty Deed
$667,500 · First Fsla Of Lakewood
Jan 20, 2022
—
Kathleen M Phillips
Louis D Pike
Affidavit Of Death Of Joint Tenant
—
Aug 14, 2012
—
Louis D Pike
Pike,barbara J
Affidavit Of Death
related
—
Jan 29, 2010
—
Louis D Pike
Pike,louis D & Barbara J
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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