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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2420 14Th St Cleveland, OH 44113

    • Commercial real estate
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1460516
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2420 14Th St

    Lot size
    0.21 lot acres
    Property type
    Commercial real estate
    APN
    00411107

    Description

    This exceptional 0.206-acre land parcel presents a unique development opportunity in the thriving Tremont neighborhood of Cleveland, Ohio. Located at 2420 W 14th St, this single-building, single-story site is zoned LR-G2 and offers unparalleled access to key transportation arteries and vibrant community amenities. The property's convenient location places it within walking distance of the Cleveland Foundation Centennial Trail, providing easy access to Edgewater Park, Downtown Cleveland, and Ohio City. Furthermore, its proximity to I-90 ensures seamless connectivity to major interstates throughout Northeast Ohio, enhancing its appeal for a wide range of development projects. Tremont itself is experiencing significant growth, with substantial recent investment in retail, multi-family, and commercial sectors, creating a dynamic and attractive environment for new ventures. The property's APN is 00411107. This is a rare chance to acquire a strategically located parcel in a rapidly developing area, making it an exceptional investment opportunity. The asking price for this 0.206-acre lot is $500,000. The property's address is 2420 W 14th St, Cleveland, OH 44113.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6917547
    Latitude
    41.4793799

    Comparable in this City

    • $49,500
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      Tremont Corner Lot Opportunity

      Corner lot in Tremont, ready for new construction.
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      0.09 Acres

      Land For Sale Cleveland

      Land available for purchase in Cleveland, Ohio.
      4015 List Ct, Cleveland, OH 44113
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    • $79,900
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      Land in Ohio City's SOLO

      Rare opportunity to build in Ohio City's vibrant SOLO neighborhood.
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    • New
      $175,000
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      Land in Cleveland's Tremont Area

      Nearly half-acre land parcel in Cleveland's Tremont neighborhood.
      W 16Th St, Cleveland, OH 44113
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    • $6,000,000
      52,711 SF

      The Hive: Ohio City Office Building

      Cleveland Office Building: High Occupancy, Great Potential
      2019 Center St, Cleveland, OH 44113
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    • Contact for pricing
      7,266 SF

      Historic Flats Apartment Building

      Cleveland gem: renovated, prime location.
      1700 Columbus Rd, Cleveland, OH 44113
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    Similar Nearby for Sale

    • $49,500
      0.06 Acres

      Tremont Corner Lot Opportunity

      Corner lot in Tremont, ready for new construction.
      2700 Barber Ave, Cleveland, OH 44113
      View Details
    • Contact for pricing
      0.09 Acres

      Land For Sale Cleveland

      Land available for purchase in Cleveland, Ohio.
      4015 List Ct, Cleveland, OH 44113
      View Details
    • $79,900
      0.06 Acres

      Land in Ohio City's SOLO

      Rare opportunity to build in Ohio City's vibrant SOLO neighborhood.
      W 33Rd St, Cleveland, OH 44113
      View Details
    • New
      $175,000
      0.43 Acres

      Land in Cleveland's Tremont Area

      Nearly half-acre land parcel in Cleveland's Tremont neighborhood.
      W 16Th St, Cleveland, OH 44113
      View Details
    • $6,000,000
      52,711 SF

      The Hive: Ohio City Office Building

      Cleveland Office Building: High Occupancy, Great Potential
      2019 Center St, Cleveland, OH 44113
      View Details
    • Contact for pricing
      7,266 SF

      Historic Flats Apartment Building

      Cleveland gem: renovated, prime location.
      1700 Columbus Rd, Cleveland, OH 44113
      View Details

    Similar Nearby for Lease

    • $3,976 /Mo

      Industrial Land for Staging, Storage

      1.84 acre industrial land suitable for staging and storage.
      1857 Carter Rd, Cleveland, OH 44113
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    • $23 SF/Yr
      323,000 SF

      Downtown Cleveland Executive Suites

      Class A Office Space, 7 Suites Available
      1660 2Nd St, Cleveland, OH 44113
      View Details
    • $1,500 /Mo
      793 SF

      Updated Two-Bedroom Unit in Ohio City

      Updated 2-bedroom unit in Ohio City near restaurants and boutiques.
      4205 Woodbine Ave, Cleveland, OH 44113
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    • $26 SF/Yr
      3,250 SF

      Office Space Available For Rent

      Office space available for lease in Cleveland, OH.
      2164-2168 W 25Th St, Cleveland, OH 44113
      View Details
    • Contact for pricing
      3,000 SF

      Office Space Available For Rent

      3000 square feet of office space for rent.
      3121 Bridge Ave, Cleveland, OH 44113
      View Details
    • $11 SF/Yr
      3,116 SF

      Retail/Office/Medical Space in Cleveland

      Retail, office, or medical space in a gentrified Cleveland area.
      2510 W 25Th St, Cleveland, OH 44113
      View Details
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    2420 14Th St
    Cleveland, OH 44113
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    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
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