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Property profile & analytics
OFF-MARKET
Turn key restaurants
408 Saint Clair Ave, Cleveland, OH 44113-1516
Entity Owned
Free & Clear
Property ID
US66-2319121
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
296 SF
Lot
0 ac (122 SF)
Zoning code
9
APN
101-09-303
UPID
US66-2319121
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jega28 LLC
Jega28 LLC
since 2026
7 recorded transactions
Zoning & alternative use
9 · 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
$1,342
Tax year 2023
Assessed value
$12,530
Assessed 2023
Previous assessed
$12,530
+0.0% YoY
Effective rate
10.71%
On assessed value
Assessed land
$3,220
Assessed improvement
$9,310
Land market value
$9,200
Improvement market value
$26,600
Total market value
$35,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Stories
1
Total area
296 SF
Lot
0 ac (122 SF)
Zoning code
9
APN
101-09-303
UPID
US66-2319121
Jurisdiction
CUYAHOGA
Zoning & alternative use
9 · Cleveland, OH
Zoning 9 · permitted uses
9 · 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
Heating
NONE
Stories
1
Lot
0 ac
Current owner
From public records · entity-resolved
Jega28 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3400 GALT OCEAN DR APT #1505, FORT LAUDERDALE, FL 33308-7086
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
—
Jega28 LLC
Ga 130 LLC
Deed
—
Sep 5, 2025
$135,000
Manjola Jacaj
Vlaxos LLC
Warranty Deed
—
Mar 10, 2022
—
Grand Arcade 200 LLC
Maple Park Courts LLC
Quitclaim Deed
related
—
Jan 24, 2022
—
Ionianlls LLC
—
Deed
related
$375,000 · First National Bank Of Pennsylvania
Dec 30, 2021
—
Ionianlls LLC
Ga 120 LLC
Deed
—
Nov 24, 2021
—
Thomas J Brockman
Grand Arcade Ltd
Deed
related
—
Nov 18, 2021
$125,000
Maple Park Courts LLC
Ga 200 LLC
Warranty Deed
—
Dec 26, 2000
$1,475,000
Vlaxos LLC
West 6th Associates LP
Grant Deed
$725,000 · Metropolitan Bank & Trust Co
—
—
Vlaxos LLC
—
Deed Of Trust
related
$330,916 · Home Savings & Loan Youngstown
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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