3573 78th St Cleveland, OH 44105-1517
Entity Owned
3-yr Hold
Free & Clear
Estimated value (blended)
$3.35M
Range $3.01M – $3.68M (±10%)
Implied cap rate
4.90%
In-place · NOI ÷ last sale
Property ID
US66-1862463
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
39,922 SF
Lot
2.62 ac (114,084 SF)
Zoning code
SI
APN
133-04-033
UPID
US66-1862463
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.35M
Owner & transaction history
since 2023
Last sale
$3.8M
1 recorded transaction
Zoning & alternative use
SI · Cleveland, OH
Top alternative use upside
Medical building
$4.3M
+152.0%
Neighborhood: shopping center
$4.0M
+134.9%
Auto repair, garage
$3.6M
+106.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.35M
Value range
$3.01M – $3.68M
±10% around blend
Estimated value / SF
$84 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
80
$3.01M
blend $3.35M
$3.68M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
39,922 SF
Lot area
2.62 ac
Year built
2008
Stories
1
APN
133-04-033
Assessed value
$1,181,120
Annual tax
$117,960
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.74M
@ 6.5% CAP return
$2.53M
@ 7% CAP return
$2.35M
4
Sales comparison
Partial preview
Sales approach indication
$4.44M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.1 mi away · 31,360 SF
9.9 mi away · 28,600 SF
12.1 mi away · 37,958 SF
12.3 mi away · 28,640 SF
15.1 mi away · 38,387 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.35M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 231 sales
$43
+94%
County 239 sales
$44
+90%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $84/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+152%
vs current-use indication
Neighborhood: Shopping Center
Auto Repair, Garage
Commercial (general)
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
4.90%
Implied, in-place cap rate for this manufacturing properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.90%
9.0%
NOI (est.)
$269k *
Last sale · Mar 2023
$3.84M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.49M
Move the market yield to see immediate price impact.
Value / SF
$137
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.40%4.90%5.40%
$242k
$5.50M
$4.94M
$4.48M
$269k
$6.11M
$5.49M
$4.98M
$296k
$6.72M
$6.03M
$5.48M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$7.00M
4.4 mi · Dec 2025 · $156/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$117,960
Tax year 2023
Assessed value
$1,181,120
Assessed 2023
Previous assessed
$1,181,120
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$48,270
Assessed improvement
$1,132,850
Land market value
$137,900
Improvement market value
$3,236,700
Total market value
$3,374,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
RADIANT
Buildings
2
Stories
1
Total area
39,922 SF
Lot
2.62 ac (114,084 SF)
Zoning code
SI
APN
133-04-033
UPID
US66-1862463
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OHZoning SI · permitted uses
SI · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
RADIANT
Stories
1
Buildings
2
Lot
2.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
SI
Jurisdiction
Cleveland, OH
Recorded code
SI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SI in Cleveland, OH.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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