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Property profile & analytics
OFF-MARKET
Estimated value
$4,860,000
Retail space
425 Lakeside Ave Cleveland, OH 44113-1029
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1238315
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1905
Construction
TYPE NOT SPECIFIED
Total area
88,448 SF
Lot
0.32 ac (14,051 SF)
Zoning code
LLR
APN
101-09-002
UPID
US66-1238315
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
-
Stone Block Building & Apartments Property Management Company
-
Favorite Brother Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.95M
Blend (final)
Blend
$4.86M
Owner & transaction history
425 Lakeside Investment LLC · 1 yrs held
425 Lakeside Investment LLC
since 2025
Last sale
$4.8M
4 recorded transactions
Zoning & alternative use
LLR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.9M
+38.8%
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
$4,890,000
ML approach
$4,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,670,000
Current use
AUTO REPAIR, GARAGE
$7,870,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$4.86M
Range $4.37M – $5.35M · ±10% · vs last sale $4.76M (Mar 14 2025)
Last sale anchor
$4.76M
Mar 14 2025
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
$55 / 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
$199,536
Tax year 2023
Assessed value
$1,897,990
Assessed 2023
Previous assessed
$1,897,990
+0.0% YoY
Effective rate
10.51%
On assessed value
Assessed land
$418,010
Assessed improvement
$1,479,980
Land market value
$1,194,300
Improvement market value
$4,228,500
Total market value
$5,422,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1905
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
6
Units
58
Bathrooms
1
Total area
88,448 SF
Lot
0.32 ac (14,051 SF)
Zoning code
LLR
APN
101-09-002
UPID
US66-1238315
Jurisdiction
CUYAHOGA
Zoning & alternative use
LLR · Cleveland, OH
Zoning LLR · permitted uses
LLR · 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
RETAIL STORES Current
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1905
Construction
TYPE NOT SPECIFIED
Heating
HEAT PUMP
Cooling
Yes
Stories
6
Units
58
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
425 Lakeside Investment LLC
Entity
Mailing address
1220 W 6TH ST STE #100, CLEVELAND, OH 44113-1327
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
$4,760,000
425 Lakeside Investment LLC
Stone Block 425 LLC
Deed
$5,361,375 · S & T Bank
Nov 23, 2020
—
Stone Block 425 LLC
Lakeside 425 LP
Warranty Deed
related
—
Nov 1, 2017
—
Stone Block 425 LLC
—
Grant Deed
related
$5,250,000 · Civista Bk
—
—
Lakeside 425
—
Deed Of Trust
related
$3,750,000 · Rbs Citizens Bank 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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