Financial
Distress signals
Property profile

2450 Prospect E Ave Cleveland, OH 44115

OFF-MARKET
Office buildings
Property ID
US66-2381626
27,885 SF 0.67 ac lot Built 1963
Last sale Feb 2018 · $825,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 25,642-square-foot office building situated on a 1.3-acre site at 2450 Prospect Avenue, Cleveland, Ohio 44115. The building is arranged as two floors, with approximately 12,821 square feet per floor, creating a relatively straightforward footprint for tenant occupancy or phased redevelopment. It functions within a multi-tenant NNN/specialty property structure, indicating a configuration associated with multiple occupants and specialty commercial use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$24k
Tax billed · 2023
Assessed value$240k
Assessed land$84k
Assessed improvement$156k
Effective rate9.99%

Value estimate

· Sep 2026
$1.19M
$1.07M – $1.30M
AI approach$880k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$162/SF
Submarket average, outlier-cleaned · 666 recorded sales of this use type
Observed band · Q1–Q3$70 – $293
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GR
Zoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75...
General categoryCOMMERCIAL
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath11.5
Plumbing Service10.6
Skin Care Clinic10.3

Location

2450 Prospect E Ave Cleveland, OH 44115-2680
County assessor Recorded deeds · 7 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2640 Carnegie, Cleveland, OH 44115-2626 $500,000 Oct 2023 8,554 SF
3030 Euclid, Cleveland, OH 44115-2530 $1,704,289 Dec 2021 28,800 SF
1835 Prospect E, Cleveland, OH 44115 $2,700,000 Dec 2021 51,231 SF
737 Bolivar, Cleveland, OH 44115-1246 $1,680,000 Dec 2020 52,634 SF
2507 22nd, Cleveland, OH 44115-3202 $725,000 Jun 2020 17,814 SF
1910 Carnegie, Cleveland, OH 44115-2334 $4,570,000 Oct 2018 29,228 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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