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Property profile & analytics
FOR LEASE
Strip malls
3545 Ridge Rd Cleveland, OH 44102
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0026629
For Lease
1 / 5
$1,230,000
3545 Ridge Rd, Cleveland, OH 44102
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Construction
TYPE NOT SPECIFIED
Total area
42,101 SF
Lot
3.07 ac (133,838 SF)
Zoning code
SI
APN
013-01-004
UPID
US66-0026629
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
-
Neighborhood Family Practice - Ann B. Reichsman Community Health Center Medical Clinic
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Hoecker C DDS Dental Office
-
Dr. Joseph A. Kunchik, DDS Dental Office
-
Ms. Nadia Robinson Practitioner Service Location Midwife
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$1.23M
Owner & transaction history
Dolgen Midwest LLC · 8 yrs held
Dolgen Midwest LLC
since 2018
7 recorded transactions
Zoning & alternative use
SI · 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
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
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$29 / 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
$58,966
Tax year 2023
Assessed value
$590,420
Assessed 2023
Previous assessed
$590,420
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$151,030
Assessed improvement
$439,390
Land market value
$431,500
Improvement market value
$1,255,400
Total market value
$1,686,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1963
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
3
Total area
42,101 SF
Lot
3.07 ac (133,838 SF)
Zoning code
SI
APN
013-01-004
UPID
US66-0026629
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.
Building & site characteristics
From public records
Year built
1963
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
3
Lot
3.07 ac
Current owner
From public records · entity-resolved
Dolgen Midwest LLC
Entity
Mailing address
31018 WILDERNESS TRL, WESTLAKE, OH 44145-1794
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2018
—
Chin & Arnold Properties LLC
—
Deed
related
$950,000 · Us Bk
Jul 13, 2018
—
Dolgen Midwest LLC
Dollar Properties LLC
Grant Deed
related
—
Apr 20, 2007
—
Chin & Arnold Properties LLC
—
Trustees Deed
related
$1,600,000 · Key Bank NA
Dec 22, 2005
$587,525
Chin & Arnold Properties LLC
Amf Bowling Centers INC
Warranty Deed
$714,288 · Key Bank NA
Sep 23, 1997
$1,385,100
Amf Bowling Centers INC
Lincolway Lanes INC
Grant Deed
—
—
—
Chin & Arnold Properties LLC
—
Deed Of Trust
related
$1,200,000 · Firstmerit Bank NA
—
—
Chin & Arnold Properties LLC
—
Deed Of Trust
related
$950,000 · Us 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.
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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