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Property profile & analytics
OFF-MARKET
Estimated value
$17,215,000
Hotels
301 Superior Ave Cleveland, OH 44113-1897
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-1303292
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Lot
0.77 ac (33,480 SF)
APN
101-23-011B
UPID
US66-1303292
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
Current use
Occupant on record · Public records
-
misangshop Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.22M
Owner & transaction history
City Of Cleveland · 4 yrs held
City Of Cleveland
since 2021
Last sale
$18.2M
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
$15,340,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.22M
Range $15.49M – $18.94M · ±10% · vs last sale $18.15M (Nov 12 2021)
Last sale anchor
$18.15M
Nov 12 2021
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
—
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
$103,404
Tax year 2023
Assessed value
$966,180
Assessed 2023
Previous assessed
$966,180
+0.0% YoY
Effective rate
10.70%
On assessed value
Assessed land
$747,040
Assessed improvement
$219,140
Land market value
$2,134,400
Improvement market value
$626,100
Total market value
$2,760,500
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
Heating
NONE
Lot
0.77 ac (33,480 SF)
APN
101-23-011B
UPID
US66-1303292
Jurisdiction
CUYAHOGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.77 ac
Current owner
From public records · entity-resolved
City Of Cleveland
Entity
Free & Clear · 4 yrs held
Ownership since
2021
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
Dec 22, 2023
—
Skyline Cleveland Renaissance LLC
—
Deed
related
$20,477,229 · County Of Cuyahoga Ohio
Aug 17, 2023
—
Skyline Cleveland Renaissance LLC
—
Deed
related
$12,350,000 · Fifth Third Bank NA
Oct 12, 2022
—
Skyline Cleveland Renaissance LLC
—
Deed
related
$12,350,000 · Fifth Third Bank NA
Nov 12, 2021
—
City Of Cleveland
Skyline Cleveland Renaissance LLC
Quit Claim Deed
related
—
Apr 1, 2020
—
Skyline Cleveland Renaissance
—
Deed
related
$12,350,000 · Fifth Third Bk
Oct 28, 2015
$18,150,000
Skyline Cleveland Renaissance
Public Sq Hotel Cmnty Urban Re
Grant Deed
—
—
—
Skyline Cleveland Renaissance
—
Deed Of Trust
related
$29,150,000 · Fifth Third Bk
—
—
Skyline Cleveland Renaissance
—
Loan Modification
related
$12,350,000 · Fifth Third Bk
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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