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Property profile & analytics
OFF-MARKET
Estimated value
$5,865,000
Commercial land
3600 Euclid Ave Cleveland, OH 44115-2536
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-6314741
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1920
Total area
39,324 SF
Lot
1.19 ac (51,865 SF)
Zoning code
GR
APN
103-07-011
UPID
US66-6314741
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
$5.11M
Comparable Approach
Comparable
$6.50M
Blend (final)
Blend
$5.87M
Owner & transaction history
International Union Of Operating · 19 yrs held
International Union Of Operating
since 2007
7 recorded transactions
Zoning & alternative use
GR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+103.6%
Office building
$6.4M
+95.2%
Medical building
$4.3M
+31.1%
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%
$5,530,000
6.5%
$5,105,000
7%
$4,740,000
Alternative Use
Use
Estimation
RESTAURANT
$6,635,000
Change: +104% · Conversion: Difficult
OFFICE BUILDING
$6,360,000
Change: +95% · Conversion: Easy
MEDICAL BUILDING
$4,275,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,985,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$5.87M
Range $5.28M – $6.45M · ±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
$149 / 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
$29,953
Tax year 2023
Assessed value
$299,920
Assessed 2023
Previous assessed
$299,920
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$299,920
Land market value
$856,900
Total market value
$856,900
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
39,324 SF
Lot
1.19 ac (51,865 SF)
Zoning code
GR
APN
103-07-011
UPID
US66-6314741
Jurisdiction
CUYAHOGA
Zoning & alternative use
GR · Cleveland, OH
Zoning GR · permitted uses
GR · 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
RESTAURANT
Est. value
$6.6M
OFFICE BUILDING
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1920
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
International Union Of Operating
Individual
Mailing address
3515 PROSPECT AVE E, CLEVELAND, OH 44115-2648
Ownership since
2007
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
Mar 9, 2007
$1,300,000
International Union Of Operating
3600 Properties LLC
Warranty Deed
—
Apr 18, 2005
—
3600 Properties LLC
Simon David O
Grant Deed
$871,250 · Home Savings & Loan Youngstown
Apr 12, 2005
—
Michelle R Hunter
Haggins,ivan G
Quit Claim Deed
related
—
Sep 27, 1999
$1,800,000
Ivan G Haggins
Applied Industrial Technologi
Grant Deed
$2,215,300 · Huntington National Bank
Aug 26, 1999
$2,141,000
Level 3 Communications LLC
Roulston & Co INC
Grant Deed
—
—
—
Ivan G Haggins
—
Deed Of Trust
related
$664,590 · Huntington National Bank
—
—
Michele R Hunter
—
Deed Of Trust
related
$1,800,000 · 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.
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