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Property profile & analytics
OFF-MARKET
Estimated value
$13,835,000
Hotels
510 Euclid Ave Cleveland, OH 44114
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-2633494
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1887
Construction
TYPE NOT SPECIFIED
Total area
182,659 SF
Lot
1.92 ac (83,588 SF)
Zoning code
BOR
APN
101-27-301
UPID
US66-2633494
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
by Request
CAP Approach
CAP
$14.10M
Comparable Approach
Comparable
$8.38M
Blend (final)
Blend
$13.84M
Owner & transaction history
Summit Hospitality 144 LLC · 8 yrs held
Summit Hospitality 144 LLC
since 2017
7 recorded transactions
Zoning & alternative use
BOR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.2M
+5.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,270,000
6.5%
$14,095,000
7%
$13,090,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$20,000,000
Current use
OFFICE BUILDING
$21,150,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$19,850,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,505,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,250,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$13.84M
Range $12.45M – $15.22M · ±10%
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
$76 / 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
$986,026
Tax year 2023
Assessed value
$9,400,510
Assessed 2023
Previous assessed
$10,160,960
-7.5% YoY
Effective rate
10.49%
On assessed value
Assessed land
$2,486,750
Assessed improvement
$6,913,760
Land market value
$7,105,000
Improvement market value
$19,753,600
Total market value
$26,858,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1887
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
7
Units
171
Total area
182,659 SF
Lot
1.92 ac (83,588 SF)
Zoning code
BOR
APN
101-27-301
UPID
US66-2633494
Jurisdiction
CUYAHOGA
Zoning & alternative use
BOR · Cleveland, OH
Zoning BOR · permitted uses
BOR · 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
HOTEL/MOTEL Current
Est. value
$20.0M
OFFICE BUILDING
Est. value
$21.2M
MEDICAL BUILDING
Est. value
$19.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.5M
AUTO REPAIR, GARAGE
Est. value
$16.3M
HOTEL/MOTEL Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1887
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
7
Units
171
Lot
1.92 ac
Current owner
From public records · entity-resolved
Summit Hospitality 144 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
13215 BEE CAVE PKWY STE B300, AUSTIN, TX 78738-0066
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2017
$39,582,000
Summit Hospitality 144 LLC
Nf II Cleveland LLC
Grant Deed
—
Feb 19, 2014
$15,441,186
Nf II Cleveland LLC
Amitel Colonial LLC
Quit Claim Deed
$52,000,000 · Wells Fargo Bk
Dec 31, 2008
—
Amitel Colonial LLC
Colonial Market Place LLC
Quit Claim Deed
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$13,909,606 · Huntington National Bank
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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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