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Property profile & analytics
OFF-MARKET
Estimated value
$26,500,000
Parking lots & garages
413 Huron E Rd Cleveland, OH 44115
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1089687
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1920
Total area
16,280 SF
Lot
0.11 ac (4,966 SF)
Zoning code
SI
APN
101-28-031
UPID
US66-1089687
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
$26.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.50M
Owner & transaction history
Skyline Property Partners LLC · 1 yrs held
Skyline Property Partners LLC
since 2024
Last sale
$26.5M
5 recorded transactions
Zoning & alternative use
SI · 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
$26,500,000
ML approach
$26,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.50M
Range $23.85M – $29.15M · ±10% · vs last sale $26.50M (Aug 6 2024)
Last sale anchor
$26.50M
Aug 6 2024
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
$1,628 / 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
$18,469
Tax year 2023
Assessed value
$175,560
Assessed 2023
Previous assessed
$175,560
+0.0% YoY
Effective rate
10.52%
On assessed value
Assessed land
$173,810
Assessed improvement
$1,750
Land market value
$496,600
Improvement market value
$5,000
Total market value
$501,600
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1920
Heating
NONE
Stories
3
Bathrooms
2
Total area
16,280 SF
Lot
0.11 ac (4,966 SF)
Zoning code
SI
APN
101-28-031
UPID
US66-1089687
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · 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
1920
Heating
NONE
Stories
3
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Skyline Property Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
320 PROSPECT AVE E, CLEVELAND, OH 44115
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
Skyline Property Partners LLC
City Of Cleveland
Quit Claim Deed
related
—
Aug 5, 2024
—
City Of Cleveland
Sapphire Acquisitions LLC
Quit Claim Deed
related
—
Jan 17, 2023
$26,500,000
Prospect Avenue Acquisition LLC
Gateway Huron LLC
Limited Warranty Deed
—
Dec 5, 2014
—
Gateway Huron LLC
City Of Cleveland
Quit Claim Deed
related
—
Jul 13, 2006
$9,400,000
Arena Parking Investors LLC
System Property Dev Co INC
Grant Deed
—
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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