Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2351 Greyton Rd Cleveland Heights, OH 44112
    Back to Search
    Property profile & analytics

    2351 Greyton Rd, Cleveland Heights, OH 44112

    View on Map
    • Grocery and convenience stores
    • 0.07 lot acres
    Off-Market
    Property ID
    US66-2406448
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 2351 Greyton Rd

    Lot size
    0.07 lot acres
    Zone code
    S2
    Property type
    Grocery and convenience stores
    APN
    681-06-131
    APU
    68106131

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 4, 2020 — Moran Foods LLC — Deed · related $210M · Citizens Bk NA
    Apr 9, 2020 — Moran Foods LLC — Deed · related $15M · Other Institutional Lenders
    Mar 3, 2020 — Moran Foods LLC — Deed · related $52M · Other Institutional Lenders
    Jan 2, 2020 — Moran Foods LLC — Deed · related $40M · Other Institutional Lenders
    Oct 3, 2019 — Moran Foods LLC — Grant Deed · related $30M · Ankura Tr Co LLC
    Apr 10, 2019 — Moran Foods LLC — Deed · related $20k · Sal Holdco Corp
    Nov 30, 1998 $555,000 Moran Foods INC Harb,mary & Issa Grant Deed —
    — — Moran Foods LLC — Deed Of Trust · related $20k · Sal Holdco Corp
    — — Moran Foods LLC — Loan Modification · related $52M · Other Institutional Lenders
    — — Moran Foods LLC — Deed Of Trust · related $15M · Other Institutional Lenders
    — — Moran Foods LLC — Deed Of Trust · related $40M · Other Institutional Lenders
    — — Moran Foods LLC — Deed Of Trust · related $210M · Citizens Bk NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5559
    Latitude
    41.5378
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $536
    $3,470
    $1,230
    $4,700
    -
    $9,900
    $3,500
    $13,400

    Comparable in this City

    • Value Estimation by Request
      2,667 SF

      13441 Euclid Ave

      CONVENIENCE STORE
      13441 Euclid Ave, East Cleveland, OH 44112-4506
      View Details
    • Value Estimation by Request
      2,075 SF

      12800 Euclid Ave

      CONVENIENCE STORE
      12800 Euclid Ave, East Cleveland, OH 44112-4735
      View Details
    • Value Estimation by Request
      19,470 SF

      1325 Hayden Ave

      GROCERY, SUPERMARKET
      1325 Hayden Ave, East Cleveland, OH 44112-1803
      View Details
    • Value Estimation by Request
      1,680 SF

      1980 Noble Rd

      CONVENIENCE STORE
      1980 Noble Rd, East Cleveland, OH 44112-1723
      View Details
    • Value Estimation by Request
      2,520 SF

      14913 Euclid Ave

      CONVENIENCE STORE
      14913 Euclid Ave, East Cleveland, OH 44112-3407
      View Details
    • Value Estimation by Request
      1,845 SF

      15237 Euclid Ave

      CONVENIENCE STORE
      15237 Euclid Ave, East Cleveland, OH 44112-2803
      View Details

    Similar Nearby for Sale

    • $145,000
      0.14 Acres

      Euclid Avenue Commercial Opportunity

      Multi-tenant building with flexible use potential in East Cleveland.
      14900 E Euclid Ave E, East Cleveland, OH 44112
      View Details
    • Contact for pricing
      8,310 SF

      East Cleveland Retail Strip Center

      8,310 SF retail center in high-traffic area.
      13464 Euclid Ave, East Cleveland, OH 44112
      View Details
    • $279,900
      4,258 SF

      Cleveland Retail Building Investment

      Prime retail space, strong tenant base, high ROI potential.
      2139 Noble Rd, Cleveland, OH 44112
      View Details
    • Contact for pricing

      Euclid Avenue Retail Opportunity

      Retail properties available for sale on Euclid Avenue.
      13520-13620 Euclid Ave, East Cleveland, OH 44112
      View Details
    • Contact for pricing
      28,347 SF

      Euclid Avenue Redevelopment Opportunity

      28,347 SF building on 1.66 acres for redevelopment.
      18310 Euclid Ave, Cleveland, OH 44112
      View Details
    • Contact for pricing
      66,515 SF

      Forest Hills Shopping Center Retail

      High-visibility shopping center in East Cleveland with long-term growth potential.
      13520 Euclid Ave, East Cleveland, OH 44112
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Space on Euclid Avenue

      Retail space available in East Cleveland, Ohio.
      14325-14343 Euclid Ave, East Cleveland, OH 44112
      View Details
    • Contact for pricing
      66,114 SF

      Forest Hills Shopping Center: Prime Retail Space

      East Cleveland retail center, multiple spaces available.
      13520 Euclid Ave, East Cleveland, OH 44112
      View Details
    • Contact for pricing

      Euclid Avenue Retail Space Available

      Retail spaces for lease at a high-traffic Euclid Avenue plaza.
      14343 Euclid Ave, East Cleveland, OH 44112
      View Details
    • New
      $2,750 /Mo
      43,560 SF

      Warehouse Space with Drive-In Door

      Open warehouse with drive-in overhead door, 400-amp 3-phase power, and private restroom for flexible commercial use.
      1766 E 133Rd St, East Cleveland, OH 44112
      View Details
    • Contact for pricing

      Historic Nela Park Flex Space

      Versatile flex space in Cleveland's historic Nela Park.
      1975 Noble Rd, East Cleveland, OH 44112
      View Details
    • Contact for pricing
      30,000 SF

      Warehouse with Dock and Drive-In

      30,000 SF warehouse featuring dock and drive-in access.
      1725 London Rd, Cleveland, OH 44112
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2351 Greyton Rd
    Cleveland Heights, OH 44112
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2351 Greyton Rd, Cleveland Heights, OH, 44112
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!