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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Residential income homes
2430 Overlook Rd, Cleveland Heights, OH 44106-5615
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-2494978
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1917
Construction
WOOD
Total area
4,215 SF
Lot
0.44 ac (19,248 SF)
Zoning code
MF3
APN
685-04-013
UPID
US66-2494978
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
$560k
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$446k
Blend (final)
Blend
$560k
Owner & transaction history
The Briermost Foundation INC · 1 yrs held
The Briermost Foundation INC
since 2024
Last sale
$560,000
2 recorded transactions
Zoning & alternative use
MF3 · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$680,000
+83.3%
Medical building
$460,000
+23.1%
Neighborhood: shopping center
$425,000
+14.8%
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 Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland Heights 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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$370,000
Current use
OFFICE BUILDING
$680,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$460,000
Change: +23% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$375,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$350,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $560k (Sep 10 2024)
Last sale anchor
$560k
Sep 10 2024
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
$133 / 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
$13,760
Tax year 2023
Assessed value
$95,560
Assessed 2023
Previous assessed
$95,560
+0.0% YoY
Effective rate
14.40%
On assessed value
Assessed land
$37,700
Assessed improvement
$57,860
Land market value
$107,700
Improvement market value
$165,300
Total market value
$273,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1917
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
3
Units
4
Rooms
12
Bathrooms
5
Total area
4,215 SF
Lot
0.44 ac (19,248 SF)
Zoning code
MF3
APN
685-04-013
UPID
US66-2494978
Jurisdiction
CUYAHOGA
Zoning & alternative use
MF3 · Cleveland Heights, OH
Zoning MF3 · permitted uses
MF3 · Cleveland Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$370,000
OFFICE BUILDING
Est. value
$680,000
MEDICAL BUILDING
Est. value
$460,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
AUTO REPAIR, GARAGE
Est. value
$375,000
COMMERCIAL (GENERAL)
Est. value
$350,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1917
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
2
Units
4
Rooms
12
Bathrooms
5
Lot
0.44 ac
Current owner
From public records · entity-resolved
The Briermost Foundation INC
Entity
Free & Clear · 1 yrs held
Mailing address
11898 AFRICA ACRES DR CHESTERLAND
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
$560,000
The Briermost Foundation INC
Bruce E Ruben
Fiduciary Deed
—
Apr 3, 2014
—
Ruben Family Trust
Ruben,bruce E & Marilyn F
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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