Financial
Distress signals
Property profile

323 West Lakeside Ave Cleveland, OH 44113

FOR LEASE
Office buildings
Property ID
US66-2604887
98,444 SF 0.58 ac lot Built 1918
Last sale Sep 2012 · $3,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a historic mixed-use style building located in Cleveland’s Warehouse District. Originally built in 1919 by the L.N. Gross Company, it has been adapted to provide office space with an industrial aesthetic. The building includes amenities such as an on-site fitness center, on-site property management, and a conferencing facility, and its Warehouse District location is within Cleveland’s Live-Work-Play neighborhood area.

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?
$149k
Tax billed · 2023
Assessed value$1.40M
Assessed land$707k
Assessed improvement$694k
Effective rate10.63%

Value estimate

· Sep 2026
$1.24M
$1.12M – $1.36M
Sales comparison$8.16M
NOI build-up
Gross scheduled income$223k
Vacancy & credit loss−$45k
Operating expenses−$45k
NOI · 705,110.53% cap applied$134k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$162/SF
Submarket average, outlier-cleaned · 666 recorded sales of this use type
Observed band · Q1–Q3$70 – $293

Cap rate analysis

How does the asset earn?
705,110.53%
$134k 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?
LLR
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.9
Locksmith9.5
Acupuncture8.9

Location

323 West Lakeside Ave Cleveland, OH 44113
County assessor Recorded deeds · 7 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
250 Huron, Cleveland, OH 44113-1410 $4,100,000 Aug 2024 6,876 SF
1350 3rd, Cleveland, OH 44113-1806 $3,375,000 Nov 2021 18,290 SF
1730 Columbus, Cleveland, OH 44113-2410 $1,200,000 Jun 2021 14,801 SF
3404 Lorain, Cleveland, OH 44113-3704 $280,000 May 2021 6,048 SF
2424 Mulberry, Cleveland, OH 44113-1117 $375,000 Apr 2021 4,864 SF
1280 3rd, Cleveland, OH 44113-1539 $565,800 Mar 2020 12,178 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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