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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Turn key restaurants
500 Saint Clair Ave 101, Cleveland, OH 44113-1506
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-2623284
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
5,136 SF
Lot
0.05 ac (2,092 SF)
Zoning code
9
APN
101-09-302
UPID
US66-2623284
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$448k
Blend (final)
Blend
$545k
Owner & transaction history
Lsmj V LLC · 5 yrs held
Lsmj V LLC
since 2020
Last sale
$620,600
6 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
Method
Estimation
Statistic approach
$510,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$865,000
Current use
OFFICE BUILDING
$830,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $621k (Sep 10 2020)
Last sale anchor
$621k
Sep 10 2020
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
$106 / 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
$25,692
Tax year 2023
Assessed value
$257,250
Assessed 2023
Previous assessed
$217,210
+18.4% YoY
Effective rate
9.99%
On assessed value
Assessed land
$36,610
Assessed improvement
$220,640
Land market value
$104,600
Improvement market value
$630,400
Total market value
$735,000
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
5,136 SF
Lot
0.05 ac (2,092 SF)
Zoning code
9
APN
101-09-302
UPID
US66-2623284
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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$865,000
OFFICE BUILDING
Est. value
$830,000
RESTAURANT Current
OFFICE BUILDING
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
Heating
NONE
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Lsmj V LLC
Entity
Free & Clear · 5 yrs held
Mailing address
500 W SAINT CLAIR AVE #101, CLEVELAND, OH 44113-1506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
—
Jega 22 LLC
—
Deed
related
$1,028,100 · Us Bank NA
Sep 23, 2020
—
Lsmj V LLC
—
Deed
related
$735,000 · Us Bk
Sep 10, 2020
$620,600
Lsmj V LLC
Vlaxos LLC
Grant 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
—
—
Lsmj V LLC
—
Deed Of Trust
related
$735,000 · Us Bk
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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