Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2785 Euclid Hts Blvd Cleveland Heights, OH 44106-2885

    • Turn key restaurants
    • 13,970 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2483803
    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

    • Turn key restaurants

    Property Details for 2785 Euclid Hts Blvd

    Year built
    1918
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.29 lot acres
    Property size
    13,970 SF
    Zone code
    C3
    Property type
    Turn key restaurants
    APN
    685-11-015
    APU
    68511015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $885,000
      Market price range: $850k - $4.52M
      AI Estimate
      $786,000
      Market price range: $786k - $2.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5805
    Latitude
    41.5084
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,272
    $40,430
    $233,910
    $274,340
    -
    $115,500
    $668,300
    $783,800

    Comparable in this City

    • Value Estimation by Request
      1,690 SF

      12113 Mayfield Rd

      RESTAURANT • 1,690 SF
      12113 Mayfield Rd, Cleveland, OH 44106-1923
      View Details
    • Value Estimation by Request
      2,669 SF

      11401 Bellflower Ct

      RESTAURANT • 2,669 SF
      11401 Bellflower Ct, Cleveland, OH 44106-3961
      View Details
    • Value Estimation by Request
      0.14 Acres

      123rd St

      RESTAURANT • 0.14 Acres
      123rd St, Cleveland, OH 44106
      View Details
    • Value Estimation by Request
      1,942 SF

      2198 Murray Hl Rd

      RESTAURANT • 1,942 SF
      2198 Murray Hl Rd, Cleveland, OH 44106-2609
      View Details
    • Value Estimation by Request
      0.15 Acres

      Murray Hl Rd

      RESTAURANT • 0.15 Acres
      Murray Hl Rd, Cleveland, OH 44106
      View Details
    • Value Estimation by Request
      2,800 SF

      10507 Superior Ave

      RESTAURANT • 2,800 SF
      10507 Superior Ave, Cleveland, OH 44106-1246
      View Details

    Similar Nearby for Sale

    • $1,700,000
      5,051 SF

      Turnkey Restaurant with Liquor License

      Second generation restaurant space with partnership opportunity and liquor license.
      2175 Cornell Rd, Cleveland, OH 44106
      View Details
    • $1,600,000
      8,750 SF

      Carnegie Ave Retail Redevelopment Opportunity

      Cleveland Clinic Area, 8,750 SF, High Potential
      8514 Carnegie Ave, Cleveland, OH 44106
      View Details
    • $1,600,000
      8,750 SF

      Retail Opportunity Near Cleveland Clinic

      Retail property for sale near the Cleveland Clinic main campus.
      8514 Carnegie Ave, Cleveland, OH 44106
      View Details
    • $199,999
      3,439 SF

      Cleveland Multifamily Property for Sale

      Multifamily property in Cleveland, Ohio, totaling 3,439 square feet.
      2179 E 93Rd St, Cleveland, OH 44106
      View Details
    • $409,900
      2,304 SF

      Upgraded Townhome with Skyline View

      Turnkey, three-story townhome built in 2021 near University Circle.
      1497 E 120Th St, Cleveland, OH 44106
      View Details
    • New
      $300,000
      0.23 Acres

      Cleveland Investment Opportunity: Land Value

      Two-family homes on one lot, prime location, redevelopment potential.
      10511-10515 Frank Ave, Cleveland, OH 44106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      533,000 SF

      University Circle Restaurant Space

      Prime Euclid Ave location, 3,982 SF, patio.
      10730 Euclid Ave, Cleveland, OH 44106
      View Details
    • Contact for pricing
      3,350 SF

      Retail Space in Coventry Village

      Retail space for lease in a walkable Cleveland Heights neighborhood.
      2768-2770 Mayfield Rd, Cleveland Heights, OH 44106
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space in University Circle

      Premier retail space in Cleveland's thriving University Circle District.
      11401-11431 Euclid Ave, Cleveland, OH 44106
      View Details
    • Contact for pricing
      35,755 SF

      University Circle Retail Space Available

      Retail space for lease in University Circle development project.
      10600 Chester Ave, Cleveland, OH 44106
      View Details
    • Contact for pricing
      9,100 SF

      Life Science Hub Near University

      80,000 SF facility for life science and healthcare startups.
      11000 Cedar Ave, Cleveland, OH 44106
      View Details
    • Contact for pricing

      Opportunity Corridor Land for Lease

      Land available within the Opportunity Corridor, near Cleveland Clinic.
      2220 E 105Th St, Cleveland, OH 44106
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2785 Euclid Hts Blvd
    Cleveland Heights, OH 44106-2885
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.