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    3738 W 137Th St Cleveland, OH 44111

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    3738 W 137Th St Cleveland, OH 44111

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    • Residential income homes
    • 4,144 SF
    • 0.11 lot acres
    For Sale
    $339,000
    View Listing →
    MULTI_FAMILY - Cleveland, OH For Sale
    $339,000
    8,288 SF

    MULTI_FAMILY - Cleveland, OH

    Quadplexes · 8,288 SF

    3738 W 137th Street, Cleveland, OH 44111
    View Listing
    Property ID
    US66-0104916
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 3738 W 137Th St

    Year built
    1927
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    4,144 SF
    Zone code
    LR
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    022-04-008
    APU
    2204008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.787
    Latitude
    41.4526
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,372
    $2,840
    $41,200
    $44,040
    -
    $8,100
    $117,700
    $125,800

    Comparable in this City

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      3719 Rocky Riv Dr

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    • Value Estimation by Request
      4,704 SF

      3417 Bosworth Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,704 SF
      3417 Bosworth Rd, Cleveland, OH 44111-6022
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    • Value Estimation by Request
      3,840 SF

      3281 111th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,840 SF
      3281 111th St, Cleveland, OH 44111-3640
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      3,538 SF

      3659 Melbourne Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,538 SF
      3659 Melbourne Ave, Cleveland, OH 44111-5766
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      4,202 SF

      14222 Lorain Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,202 SF
      14222 Lorain Ave, Cleveland, OH 44111-3286
      View Details
    • Value Estimation by Request
      4,320 SF

      10602 Joan Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,320 SF
      10602 Joan Ave, Cleveland, OH 44111-2881
      View Details

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      Solid triplex with updated systems and immediate cash flow.
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      Completely renovated duplex with custom updates, move-in ready for occupants/investors.
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      Cleveland Duplex with Rental Income

      Fully occupied Cleveland duplex generating $2200 monthly income.
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      Duplex with income potential, immediate rental opportunity, and ample parking.
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space with Apartments Above

      Retail space with three apartments above near I-90.
      10701 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial property available for lease at 12201 Elmwood Ave.
      12201 Elmwood Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing

      Community Shopping Center For Lease

      Community shopping center with national and local retailers.
      10604 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      1,185 SF

      Freestanding Retail Building For Lease

      Freestanding retail building in high-density area with drive-thru potential.
      14002 Triskett Rd, Cleveland, OH 44111
      View Details
    • Contact for pricing
      3,400 SF

      Lorain Avenue Retail Space Available

      Retail space with parking lot and public transportation access.
      12833 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      20,500 SF

      Industrial Warehouse Space Available

      Warehouse space for lease with loading docks and drive-in doors.
      12500 Berea Rd, Cleveland, OH 44111
      View Details
    View Listing
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    Cleveland, OH 44111
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    3738 W 137Th St, Cleveland, OH, 44111

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