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Property profile & analytics
OFF-MARKET
Estimated value
$2,210,000
Hotels
24800 Euclid Ave Euclid, OH 44117-1702
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1403460
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1957
Construction
TYPE NOT SPECIFIED
Total area
60,633 SF
Lot
6.09 ac (265,280 SF)
Zoning code
U4
APN
648-56-001
UPID
US66-1403460
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
$3.02M
Blend (final)
Blend
$2.21M
Owner & transaction history
Major Sharp LLC · 3 yrs held
Major Sharp LLC
since 2023
7 recorded transactions
Zoning & alternative use
U4 · Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Euclid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Euclid 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
Blend value · Realmo final
$2.21M
Range $1.99M – $2.43M · ±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
$36 / 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
$17,442
Tax year 2023
Assessed value
$161,250
Assessed 2023
Previous assessed
$161,250
+0.0% YoY
Effective rate
10.82%
On assessed value
Assessed land
$158,030
Assessed improvement
$3,220
Land market value
$451,500
Improvement market value
$9,200
Total market value
$460,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1957
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
3
Bathrooms
184
Total area
60,633 SF
Lot
6.09 ac (265,280 SF)
Zoning code
U4
APN
648-56-001
UPID
US66-1403460
Jurisdiction
CUYAHOGA
Zoning & alternative use
U4 · Euclid, OH
Zoning U4 · permitted uses
U4 · Euclid, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Euclid. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Bathrooms
184
Lot
6.09 ac
Current owner
From public records · entity-resolved
Major Sharp LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3560 E 93RD ST, CLEVELAND, OH 44105-1644
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
$200,000
Major Sharp LLC
Three Black Knights LLC
Quit Claim Deed
related
—
Dec 29, 2022
$196,694
Three Black Knights LLC
Nuru International Hotels LLC
Public Action
related
—
Sep 22, 2022
—
Meticulous Entertainment Group INC
Nurij International Hotel LLC
Lease
—
Feb 17, 2017
$240,000
Nuru International Hotels LLC
Chu Brothers Charter Hse Motel
Warranty Deed
—
Dec 5, 2014
$221,000
Construction LLC|chu Brothers Cha Robs
Chu Brothers Charter House Mot
Dual Purpose Document
related
$211,000 · Chu Brothers Charter House Mot
Nov 26, 2014
—
Ivan F Janowsky
Janowsky,christina M
Quit Claim Deed
related
—
Apr 30, 2001
$1,144,850
Ivan Janowsky
Chu Brothers Charter House Mot
Grant Deed
$977,800 · Chu Brothers Charter House Mot
—
—
S-n-h Properties INC
—
Deed Of Trust
related
$20,000 · Individual
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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