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Property profile & analytics
OFF-MARKET
Turn key restaurants
2721 Vermont Ave, Cleveland, OH 44113
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2076368
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1952
Construction
WOOD
Total area
6,720 SF
Lot
0.43 ac (18,774 SF)
Zoning code
LR
APN
003-14-023
UPID
US66-2076368
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
by Request
Owner & transaction history
2814 Detroit Investments LLC · 5 yrs held
2814 Detroit Investments LLC
since 2020
Last sale
$335,000
7 recorded transactions
Zoning & alternative use
LR · Cleveland, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$82,822
Tax year 2023
Assessed value
$738,230
Assessed 2023
Previous assessed
$738,230
+0.0% YoY
Effective rate
11.22%
On assessed value
Assessed land
$84,530
Assessed improvement
$653,700
Land market value
$241,500
Improvement market value
$1,867,700
Total market value
$2,109,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
6,720 SF
Lot
0.43 ac (18,774 SF)
Zoning code
LR
APN
003-14-023
UPID
US66-2076368
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.
Building & site characteristics
From public records
Year built
1952
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
2814 Detroit Investments LLC
Entity
Mailing address
4653 TRUEMAN BLVD STE #100, HILLIARD, OH 43026-2490
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
—
2814 Detroit Investments LLC
—
Deed
related
$4,192,500 · Kemba Financial Credit Union INC
Aug 18, 2020
$2,050,000
2814 Detroit Investments LLC
2814 Detroit LLC
Grant Deed
related
$3,202,500 · Fahey Bkng
Jan 24, 2019
—
2814 Detroit LLC
—
Deed
related
—
Jul 23, 2018
$335,000
Glazen Urban LLC
4201 Detroit LLC
Grant Deed
—
Sep 30, 2013
—
2814 Detroit LLC
Pietro,enrico
Quit Claim Deed
related
$160,000 · Cf Bank
Aug 20, 2013
$287,334
Enrico Pietro
Sheriff Of Cuyahoga County
Trustees Deed
—
Oct 8, 2003
—
Bounce Prop LLC
—
Deed Of Trust
related
$1,307,000 · Huntington National Bank
Apr 27, 2001
$500,000
Bounce Properties LLC
J A D Partnership
Grant Deed
—
—
—
Bounce Properties LLC
—
Deed Of Trust
related
$485,000 · Blc Capital Corp
—
—
Bounce Properties LLC
—
Deed Of Trust
related
$700,000 · Business Loan Center INC
—
—
2814 Detroit LLC
—
Loan Modification
related
—
—
—
Bounce Properties LLC
—
Deed Of Trust
related
$1,143,688 · J P Morgan Chase Bank
—
—
Roy G Biv Corp
—
Deed Of Trust
related
$358,800 · J P Morgan Chase Bank
—
—
Bounce Properties LLC
—
Deed Of Trust
related
$358,800 · J P Morgan Chase Bank
—
—
Bounce Properties LLC
—
Deed Of Trust
related
$250,000 · J P Morgan Chase 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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