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    Property profile & analytics

    514 Prospect E Ave Cleveland, OH 44115

    • Parking lots & garages
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 06, 2024
    $26,500,000
    Location Intelligence
    Property ID
    US66-2116936
    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

    • Parking lots & garages

    Property Details for 514 Prospect E Ave

    Lot size
    0.19 lot acres
    Zone code
    GR
    Property type
    Parking lots & garages
    APN
    101-28-012
    APU
    10128012

    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
    -81.6889
    Latitude
    41.4981
    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
    $32,156
    $291,200
    $3,120
    $294,320
    -
    $832,000
    $8,900
    $840,900

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Prospect Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.17 Acres
      Prospect Ave, Cleveland, OH 44115
      View Details
    • Value Estimation by Request
      261,792 SF

      2123 9th St

      PARKING GARAGE, PARKING STRUCTURE • 261,792 SF
      2123 9th St, Cleveland, OH 44115
      View Details
    • Value Estimation by Request
      6,074 SF

      217 Prospect E Ave

      PARKING LOT • 6,074 SF
      217 Prospect E Ave, Cleveland, OH 44115
      View Details
    • Value Estimation by Request
      20,375 SF

      401 Huron E Rd

      PARKING LOT • 20,375 SF
      401 Huron E Rd, Cleveland, OH 44115
      View Details
    • Value Estimation by Request
      0.23 Acres

      1610-01614 Prospect Ave

      PARKING LOT • 0.23 Acres
      1610-01614 Prospect Ave, Cleveland, OH 44115
      View Details
    • Value Estimation by Request
      0.32 Acres

      Prospect Ave

      PARKING LOT • 0.32 Acres
      Prospect Ave, Cleveland, OH 44115
      View Details

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    Similar Nearby for Lease

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      Retail space available in a high-traffic location.
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      Second generation restaurant space under 1900 The Lofts Apartment.
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    514 Prospect E Ave
    Cleveland, OH 44115
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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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