Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4915 Memphis Ave Cleveland, OH 44144-1943

    • Grocery and convenience stores
    • 2,262 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $1,880,000
    Last Sale
    Dec 28, 2021
    $2,125,604
    Location Intelligence
    Property ID
    US66-1571419
    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.

    Current Use by Public Records

    • Marathon Gas / Gas Station / Convenience Store

    Property Details for 4915 Memphis Ave

    Year built
    1963
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.48 lot acres
    Property size
    2,262 SF
    Zone code
    LR
    Property type
    Grocery and convenience stores
    APN
    013-27-005
    APU
    1327005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,795,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,070,000
      6.5%
      $2,135,000
      7%
      $2,005,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,045,000
      Geo Method
      $1,785,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,485,000
      Retail
      $2,075,000
      Mixed-Use
      $2,460,000
      Hospitality
      $2,720,000
      Educational
      $2,590,000
      Residential Income
      $2,055,000
      Energy
      $2,455,000
      Income-Based Land
      $2,675,000
      Food Service
      $2,790,000

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7204
    Latitude
    41.4396
    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
    $9,351
    $34,720
    $58,910
    $93,630
    -
    $99,200
    $168,300
    $267,500

    Comparable in this City

    • Value Estimation by Request
      1,430 SF

      4189 Rdg Rd

      CONVENIENCE STORE • 1,430 SF
      4189 Rdg Rd, Cleveland, OH 44144-1442
      View Details
    • Value Estimation by Request
      4,800 SF

      5743 Memphis Ave

      CONVENIENCE STORE • 4,800 SF
      5743 Memphis Ave, Cleveland, OH 44144
      View Details
    • Value Estimation by Request
      6,771 SF

      10315 Cascade Xing

      CONVENIENCE STORE • 6,771 SF
      10315 Cascade Xing, Brooklyn, OH 44144-2320
      View Details
    • Value Estimation by Request
      18,260 SF

      5170 Tiedeman Rd

      GROCERY, SUPERMARKET • 18,260 SF
      5170 Tiedeman Rd, Brooklyn, OH 44144-2306
      View Details
    • Value Estimation by Request
      75,730 SF

      4756 Rdg Rd, Unit 98

      GROCERY, SUPERMARKET • 75,730 SF
      4756 Rdg Rd, Brooklyn, OH 44144-3327
      View Details
    • Value Estimation
      $355,000
      3,948 SF

      4918 Memphis Ave

      CONVENIENCE STORE • 3,948 SF
      4918 Memphis Ave, Cleveland, OH 44144-1942
      View Details

    Similar Nearby for Sale

    • $2,180,233
      3,804 SF

      Retail Property in Cleveland, OH

      Retail property available for sale in Cleveland, OH.
      6000 Memphis Ave, Cleveland, OH 44144
      View Details
    • $1,149,900
      0.19 Acres

      Brooklyn, OH 12-Unit Apartment Complex

      High-Yield, Turnkey Apartment Building, 100% Occupied
      4160-4166 Ridge Rd, Brooklyn, OH 44144
      View Details
    • Contact for pricing
      5.98 Acres

      Tiedeman Road Development Opportunity

      5.98-acre commercial/industrial land in Brooklyn, OH
      4795 Tiedeman Rd, Brooklyn, OH 44144
      View Details
    • $249,900
      0.17 Acres

      Cleveland Duplex with Recent Updates

      Updated duplex in Cleveland, ideal for owners or investors.
      4739 Ridge Rd, Cleveland, OH 44144
      View Details
    • $360,000
      0.08 Acres

      Portfolio of Four Cleveland Properties

      Four properties with income potential in Cleveland and Lorain, Ohio.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • $360,000
      0.08 Acres

      Updated Multifamily Portfolio in Cleveland

      Four-property portfolio with income potential and recent updates.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Prime Retail Space Available

      Retail space for lease in Old Brooklyn neighborhood.
      4630 Ridge Rd, Brooklyn, OH 44144
      View Details
    • Contact for pricing
      1,600 SF

      Retail End Cap For Lease

      1,600 SF retail space near Ridge Road and Biddulph.
      4660-4680 Ridge Rd, Brooklyn, OH 44144
      View Details
    • Contact for pricing
      6,058 SF

      Retail Space on Fulton Road

      6,058 sq ft retail space in Cleveland, Ohio.
      4250 Fulton Rd, Cleveland, OH 44144
      View Details
    • Contact for pricing
      3,102 SF

      Retail Space Near Giant Eagle

      Retail spaces available near Giant Eagle with highway access.
      6300-7106 Biddulph Rd, Brooklyn, OH 44144
      View Details
    • Contact for pricing
      2,300 SF

      Retail Space in Fulton Shopping Center

      Neighborhood shopping center with retail space for lease.
      4215-4273 Fulton Rd, Cleveland, OH 44144
      View Details
    • Contact for pricing
      20,470 SF

      Biddulph Plaza Retail Space For Lease

      Cleveland Retail Strip Center, 2 Spaces Available
      6910 Biddulph Rd, Cleveland, OH 44144
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4915 Memphis Ave
    Cleveland, OH 44144-1943
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.