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Property profile & analytics
OFF-MARKET
Warehouses
5801 Wetzel Ave Cleveland, OH 44144-4251
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-1884027
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Construction
WOOD
Total area
5,520 SF
Lot
4.94 ac (215,374 SF)
Zoning code
SI
APN
012-30-001
UPID
US66-1884027
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
Current use
Occupant on record · Public records
-
IncaAztec Self Storage-Cleveland Storage Facility
-
Rocket Vending Solutions Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Corsendonk LLC · 13 yrs held
Corsendonk LLC
since 2013
7 recorded transactions
Zoning & alternative use
SI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$93,502
Tax year 2023
Assessed value
$936,220
Assessed 2023
Previous assessed
$936,220
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$165,830
Assessed improvement
$770,390
Land market value
$473,800
Improvement market value
$2,201,100
Total market value
$2,674,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
15
Stories
1
Total area
5,520 SF
Lot
4.94 ac (215,374 SF)
Zoning code
SI
APN
012-30-001
UPID
US66-1884027
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · 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.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
15
Lot
4.94 ac
Current owner
From public records · entity-resolved
Corsendonk LLC
Entity
Mailing address
PO BOX 36841, CANTON, OH 44735-6841
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2019
—
Corsendonk LLC
—
Deed
related
$180,000 · Summit Cmnty Bk
Feb 15, 2018
—
Corsendonk LLC
—
Deed
related
$2,500,000 · Summit Cmnty Bk
Feb 14, 2013
—
Corsendonk LLC
Cxa Corp
Quit Claim Deed
related
—
Jun 15, 2011
$1,666,667
Cxa Corp
Sheriff Of Cuyahoga County
Trustees Deed
—
Oct 13, 1999
$1,500,000
Mini Maxi Corp
Mini Maxi Storage
Grant Deed
related
$1,440,000 · Republic Bank
—
—
Corsendonk LLC
—
Deed Of Trust
related
$400,000 · Dc Holdings LLC
—
—
Corsendonk LLC
—
Deed Of Trust
related
$180,000 · Summit Cmnty Bk
—
—
Corsendonk LLC
—
Deed Of Trust
related
$2,130,000 · Branch Banking & Trust Co
—
—
Mini Maxi Corp
—
Deed Of Trust
related
$3,009,000 · Commercial Lending Corp
—
—
Mini-maxi Corp
—
Deed Of Trust
related
$100,000 · Ohio Bank
—
—
Mini Maxi Corp
—
Deed Of Trust
related
$2,600,000 · Home Savings & Loan Youngstown
—
—
Corsendonk LLC
—
Deed Of Trust
related
$2,500,000 · Summit Cmnty 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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