Financial
Distress signals
Property profile

2966 E 55Th St Cleveland, OH 44127

FOR LEASE
Industrial properties
Property ID
US66-5898834
10.84 ac lot
Last sale Aug 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This premier Class A industrial complex, Opportunity Commerce Park, offers 252,500 square feet of versatile space, divisible to a minimum of 100,000 square feet. Located at 2966 E 55th St, Cleveland, OH 44127 (cross streets: E. 55th Street & Sweeney Ave), this single-building property sits on 15 acres in Cuyahoga County and boasts a 32' ceiling height, 24 loading docks, and 2 drive-ins. Ample parking is provided with 186 spaces, including land for trailer parking. The property features 1000A

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?
$30k
Tax billed · 2023
Assessed value$298k
Assessed land$285k
Assessed improvement$14k
Effective rate9.99%

Value estimate

· Sep 2026
$255k
$230k – $281k
AI approach$255k
NOI build-up
Gross scheduled income$1.11M
Vacancy & credit loss−$46k
Operating expenses−$320k
NOI · 9,966,600.00% cap applied$747k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$43/SF
Submarket average, outlier-cleaned · 231 recorded sales of this use type
Observed band · Q1–Q3$21 – $77

Cap rate analysis

How does the asset earn?
9,966,600.00%
$747k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RI
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.4
Dental Office16.3
Spa & Massage14.9

Location

2966 E 55Th St Cleveland, OH 44127
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5508 Maurice, Cleveland, OH 44127-1242 $95,000 Dec 2025 1,920 SF
3190 65th, Cleveland, OH 44127-1482 $100,000 Dec 2025 N/A
6975 Bessemer, Cleveland, OH 44127-1809 $546,000 Jul 2025 4,850 SF
8702 Bessemer, Cleveland, OH 44127-1847 $125,000 Oct 2024 22,858 SF
3294 49th, Cleveland, OH 44127-1056 $61,000 Sep 2024 3,272 SF
5310 Barkwill, Cleveland, OH 44127-1563 $84,500 Apr 2024 2,400 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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