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Property profile & analytics
OFF-MARKET
Investment properties
3507 Payne Ave Cleveland, OH 44114-4374
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-5623390
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1981
Total area
1,923 SF
Lot
0.09 ac (3,752 SF)
Zoning code
LR
APN
102-29-046
UPID
US66-5623390
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
-
Mawi Wireless Electronics & Wireless Store
-
CoinFlip Bitcoin ATM Currency Exchange Service
-
Amazon Counter - Mawi Wireless Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2 Amawi LLC · 10 yrs held
2 Amawi LLC
since 2015
6 recorded transactions
Zoning & alternative use
LR · Cleveland, OH
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$6,153
Tax year 2023
Assessed value
$61,610
Assessed 2023
Previous assessed
$61,610
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$5,780
Assessed improvement
$55,830
Land market value
$16,500
Improvement market value
$159,500
Total market value
$176,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
2
Rooms
8
Bathrooms
1
Total area
1,923 SF
Lot
0.09 ac (3,752 SF)
Zoning code
LR
APN
102-29-046
UPID
US66-5623390
Jurisdiction
CUYAHOGA
Zoning & alternative use
LR · Cleveland, OH
Zoning LR · permitted uses
LR · 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.
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
8
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
2 Amawi LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3507 PAYNE AVE, CLEVELAND, OH 44114-4374
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2015
$160,000
2 Amawi LLC
Novanet Ent INC
Warranty Deed
—
Nov 20, 2007
$70,000
Novanet Ent INC
Yu,mei
Warranty Deed
—
Mar 31, 2003
$118,000
Mei Yu
Vang,minh T
Grant Deed
$95,000 · Minh T Vang
Oct 17, 2002
$85,000
Minh T Vang
Voll,jeff A & Linda M
Grant Deed
$53,400 · Wells Fargo Home Mortgage INC
—
—
Elizabeth Voll
—
Deed Of Trust
related
$30,240 · Morcap INC
—
—
Mei Yu
—
Deed Of Trust
related
$100,000 · National City Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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