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Financial
Distress signals
Property profile

3029 117th St Cleveland, OH 44111

OFF-MARKET
Turn key restaurants
Property ID
US66-1857861
6,356 SF 0.1 ac lot Built 1941
Last sale Mar 2025 · $3,375,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, single-tenant retail property leased to Bank of America, the second-largest bank in the US, under a 15-year net lease with a corporate guarantee. Located at 3029 W 117th St, Cleveland, OH 44111, this 2,000-4,000 square foot building sits on a 0.96-acre lot and boasts a 4.75% cap rate with a current NOI of $175,000. The lease commenced in 2024 and includes a 10% rent increase every five years, providing a hedge against inflation. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$53k
Assessed land$12k
Assessed improvement$41k
Effective rate9.99%

Value estimate

· Oct 2026
$175k
$158k – $193k
AI approach$155k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$169/SF
Submarket average, outlier-cleaned · 196 recorded sales of this use type
Observed band · Q1–Q3$61 – $324
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GR
Zoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75...
General categoryCOMMERCIAL
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 agency21.0
Law Firm18.8
Parking Facility13.2

Location

3029 117th St Cleveland, OH 44111-1633
County assessor Recorded deeds · 5 transfers 7 qualifying comp sales 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3412 105th, Cleveland, OH 44111-1243 $70,000 Oct 2024 7,048 SF
3645 117th, Cleveland, OH 44111-5226 $230,000 Sep 2024 8,241 SF
14055 Lorain, Cleveland, OH 44111-3240 $875,000 Apr 2024 7,696 SF
12222 Lorain, Cleveland, OH 44111-3507 $150,000 Jun 2023 4,320 SF
10018 Lorain, Cleveland, OH 44111 $280,000 Jun 2023 6,704 SF
3885 Rocky Riv, Cleveland, OH 44111-4149 $775,000 Feb 2023 4,171 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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