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    Property profile & analytics

    5109 Memphis Ave Cleveland, OH 44144-2230

    • Turn key restaurants
    • 2,682 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Last Sale
    Oct 02, 2023
    Location Intelligence
    Property ID
    US66-0752085
    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

    • The City Diner / Diner / Family Restaurant

    Property Details for 5109 Memphis Ave

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    2,682 SF
    Zone code
    LR
    Property type
    Turn key restaurants
    APN
    013-27-001
    APU
    1327001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7216
    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
    $3,786
    $13,410
    $24,500
    $37,910
    -
    $38,300
    $70,000
    $108,300

    Comparable in this City

    • Value Estimation
      $220,000
      3,769 SF

      5551 Memphis Ave

      RESTAURANT • 3,769 SF
      5551 Memphis Ave, Cleveland, OH 44144
      View Details
    • Value Estimation by Request
      7,538 SF

      7325 Northcliff Ave

      RESTAURANT • 7,538 SF
      7325 Northcliff Ave, Brooklyn, OH 44144-3249
      View Details
    • Value Estimation by Request
      0.12 Acres

      5501 Memphis Ave

      RESTAURANT • 0.12 Acres
      5501 Memphis Ave, Cleveland, OH 44144-2211
      View Details
    • Value Estimation
      $165,000
      4,636 SF

      3837 Rdg Rd

      RESTAURANT • 4,636 SF
      3837 Rdg Rd, Cleveland, OH 44144-1111
      View Details
    • Value Estimation
      $190,000
      0.17 Acres

      5604 Memphis Ave

      RESTAURANT • 0.17 Acres
      5604 Memphis Ave, Cleveland, OH 44144-2240
      View Details
    • Value Estimation
      $225,000
      3,552 SF

      4218 Rdg Rd

      RESTAURANT • 3,552 SF
      4218 Rdg Rd, Brooklyn, OH 44144-1706
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • 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
      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
      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
      20,470 SF

      Biddulph Plaza Retail Space For Lease

      Cleveland Retail Strip Center, 2 Spaces Available
      6910 Biddulph Rd, Cleveland, 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
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    5109 Memphis Ave
    Cleveland, OH 44144-2230
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    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
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