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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Specialty properties
2408 Seymour Ave Cleveland, OH 44113-5156
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-5734596
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2019
Total area
9,398 SF
Lot
0.54 ac (23,733 SF)
Zoning code
LR
APN
008-01-158
UPID
US66-5734596
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
$575k
Owner & transaction history
Tac Holding Co LLC · 7 yrs held
Tac Holding Co LLC
since 2018
5 recorded transactions
Zoning & alternative use
LR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$945,000
+45.0%
Medical building
$730,000
+11.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$650,000
Current use
APARTMENT HOUSE (5+ UNITS)
$945,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$730,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$550,000
Change: -15% · Conversion: Difficult
RESTAURANT
$530,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$61 / 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
$55,044
Tax year 2023
Assessed value
$551,150
Assessed 2023
Previous assessed
$551,150
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$87,220
Assessed improvement
$463,930
Land market value
$249,200
Improvement market value
$1,325,500
Total market value
$1,574,700
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Rooms
10
Bathrooms
2
Total area
9,398 SF
Lot
0.54 ac (23,733 SF)
Zoning code
LR
APN
008-01-158
UPID
US66-5734596
Jurisdiction
CUYAHOGA
Zoning & alternative use
LR · Cleveland, OH
Zoning LR · permitted uses
LR · 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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$650,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$945,000
MEDICAL BUILDING
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$550,000
RESTAURANT
Est. value
$530,000
VETERINARY, ANIMAL HOSPITAL Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
RESTAURANT
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
10
Bathrooms
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Tac Holding Co LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2885 W 25TH ST, CLEVELAND, OH 44113-5133
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2019
—
Tac Holding Co LLC
—
Deed Of Trust
related
$1,450,000 · Wells Fargo Bk
Aug 31, 2018
$350,000
Tac Holding Co LLC
Hispanic Village INC
Warranty Deed
—
Dec 30, 2008
—
Hispanic Village INC
George Torres
Grant Deed
related
—
Feb 14, 2001
$40,000
William Arroyo
Santiago,herminio
Grant Deed
—
—
—
William Arroyo
—
Deed Of Trust
related
$37,000 · Huntington National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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