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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Turn key restaurants
4110 Lee Rd Cleveland, OH 44128-2144
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1497563
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1983
Total area
1,706 SF
Lot
0.15 ac (6,480 SF)
Zoning code
GR
APN
141-08-049
UPID
US66-1497563
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
-
Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
Terraza 8 LLC · 3 yrs held
Terraza 8 LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
GR · 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
$1,875,000
ML approach
$1,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±10% · vs last sale $2.30M (Sep 15 2022)
Last sale anchor
$2.30M
Sep 15 2022
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
$1,216 / 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
$2,493
Tax year 2023
Assessed value
$24,960
Assessed 2023
Previous assessed
$24,960
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$24,960
Land market value
$71,300
Total market value
$71,300
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
Year built
1983
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,706 SF
Lot
0.15 ac (6,480 SF)
Zoning code
GR
APN
141-08-049
UPID
US66-1497563
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.
Building & site characteristics
From public records
Year built
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Terraza 8 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
111 W 39TH VANCOUVER ST XX
Ownership since
2022
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
Sep 15, 2022
$2,302,770
Terraza 8 LLC
Pacific Bells LLC
Limited Warranty Deed
—
Jun 28, 2022
$2,417,480
Pacific Bells LLC
Sigma Bell 4110 Lee Road 28373 Rlty
Limited Warranty Deed
—
Feb 10, 2020
—
Sigma Bell 4110 Lee Road 28373
—
Deed
related
$25,000,000 · Citizens Bk NA
Aug 3, 2012
$465,100
Sigma Bell Cleveland LLC
Aja Restaurant Group LLC
Deed Of Trust
related
$5,900,000 · Huntington National Bank
May 22, 2007
—
Aja Restaurant Group LLC
—
Grant Deed
related
$6,853,000 · Nfa Funding LLC
—
—
Sigma Bell 4110 Lee Road 28373
—
Deed Of Trust
related
$10,700,000 · Citizens Bk
—
—
Aja Restaurant Group LLC
—
Deed Of Trust
related
$623,517 · Ge Capital Franchise Finance
—
—
Sigma Bell Cleveland LLC
—
Loan Modification
related
$9,455,000 · Huntington National Bank
—
—
Sigma Bell 4110 Lee Road 28373
—
Loan Modification
related
$25,000,000 · Citizens Bk NA
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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