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Property profile & analytics
OFF-MARKET
Estimated value
$5,120,000
Warehouses
3105 Chester Ave Cleveland, OH 44114
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2073839
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1923
Construction
CONCRETE
Total area
98,256 SF
Lot
1.75 ac (76,138 SF)
Zoning code
SI
APN
102-36-001
UPID
US66-2073839
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$5.12M
Owner & transaction history
F4 Chester LLC · 2 yrs held
F4 Chester LLC
since 2024
7 recorded transactions
Zoning & alternative use
SI · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.1M
+177.5%
Apartment house (5+ units)
$7.3M
+147.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,140,000
Change: +178% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,270,000
Change: +148% · Conversion: Difficult
Blend value · Realmo final
$5.12M
Range $4.61M – $5.63M · ±10%
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
$52 / SF
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
$148,559
Tax year 2023
Assessed value
$1,487,500
Assessed 2023
Previous assessed
$665,000
+123.7% YoY
Effective rate
9.99%
On assessed value
Assessed land
$146,580
Assessed improvement
$1,340,920
Land market value
$418,800
Improvement market value
$3,831,200
Total market value
$4,250,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1923
Construction
CONCRETE
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
3
Total area
98,256 SF
Lot
1.75 ac (76,138 SF)
Zoning code
SI
APN
102-36-001
UPID
US66-2073839
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1923
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
1.75 ac
Current owner
From public records · entity-resolved
F4 Chester LLC
Entity
Mailing address
14350 MUNDY DR STE #800, NOBLESVILLE, IN 46060-7229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jun 14, 2024
$10,800,000
F4 Chester LLC
Chester Storage LLC
Deed
$13,200,000 · Societe Generale Financial Corp
Oct 1, 2019
—
Chester Storage LLC
Chester 3133 Properties LLC
Correction Deed
related
—
Sep 18, 2019
—
Chester Storage LLC
Chester 3133 Properties LLC
Correction Deed
related
—
Mar 28, 2019
$1,900,000
Chester Storage LLC
Chester 3133 Properties LLC
Trustees Deed
related
$5,440,000 · First Fin'l Bk&tr
Sep 28, 2016
—
Chester 3133 Properties LLC
—
Deed
related
$4,952,400 · Huntington Nat'l Bk
Jul 30, 2014
$1,457,922
Chester 3133 Properties LLC
Stotter Family LP
Warranty Deed
$1,237,500 · Huntington Nat'l Bk
Aug 11, 1997
—
Stotter Family LP
Interstate Land & Realty INC
Quit Claim Deed
related
—
Aug 8, 1997
—
Interstate Land & Realty INC
Stotter Trust
Grant Deed
related
—
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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