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Property profile & analytics
OFF-MARKET Estimated value $565,000
Office buildings

3008 Monticello Blvd Cleveland Heights, OH 44118-1265

3,036 SF 1.63 ac lot Built 1954
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US66-1707462
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1954
Construction TYPE NOT SPECIFIED
Total area 3,036 SF
Lot 1.63 ac (70,800 SF)
Zoning code C1
APN 681-39-003
UPID US66-1707462
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
$415k
CAP Approach CAP
$565k
Comparable Approach Comparable
$384k
Blend (final) Blend
$565k
Owner & transaction history
Gmg Cleveland LLC · 11 yrs held
Gmg Cleveland LLC
since 2015
3 recorded transactions
2015
$470,537
2015
Price N/A
2012
$490,000
Zoning & alternative use
C1 · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(a) The C-1 Office District is for limited application along certain major streets adjacent to higher density residential areas where the integration of offices would be appropriate but whe re retail and commercial services would not be. (b) The C-2 Local Retail District is established to provide standards for the continued operation of small neighborhood co…

Zone name Office District
General category COMMERCIAL
Zone area 8.22 ac
Source Zoning Code adopted 20240116
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