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Property profile & analytics
OFF-MARKET
Estimated value
$6,440,000
Medical Office Space
5805 Euclid Ave Cleveland, OH 44103-3715
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-5372922
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
44,186 SF
Lot
3.16 ac (137,714 SF)
Zoning code
MMUD-4
APN
118-02-066
UPID
US66-5372922
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
-
Charron Lewis, MD Pediatrician Medical Clinic
-
Sarah Ronis, MD, MPH Pediatrician Medical Clinic
-
Angelique Redus-McCoy, MD Pediatrician Medical Clinic
-
Marlene Miller, MD Pediatrician Medical Clinic
-
Lolita McDavid, MD, MPA Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.76M
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$6.44M
Owner & transaction history
University Hospitals Cleveland Medi · 1 yrs held
University Hospitals Cleveland Medi
since 2024
1 recorded transaction
Zoning & alternative use
MMUD-4 · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A Midtown Mixed Use District and its regulations are established in order to permit and encourage an intensity and mix of development that supports and implements the development policies that have been established for this area by the City of Cleveland. The intent of this district is to encourages a pedestrian oriented mix of uses including retail, resident…
Zone name
Midtown Mixed Use District
General category
MIXED_USE
Zone area
39.48 ac
Source
Realmo
Top alternative use upside
Restaurant
$7.5M
+55.2%
Office building
$6.8M
+42.4%
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%
$7,315,000
6.5%
$6,755,000
7%
$6,270,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,800,000
Current use
RESTAURANT
$7,455,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$6,835,000
Change: +42% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,475,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,930,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$6.44M
Range $5.80M – $7.08M · ±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
$146 / 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
$369,808
Tax year 2023
Assessed value
$3,909,650
Assessed 2023
Previous assessed
$3,909,650
+0.0% YoY
Effective rate
9.46%
On assessed value
Assessed land
$421,790
Assessed improvement
$3,487,860
Land market value
$1,205,100
Improvement market value
$9,965,300
Total market value
$11,170,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Total area
44,186 SF
Lot
3.16 ac (137,714 SF)
Zoning code
MMUD-4
APN
118-02-066
UPID
US66-5372922
Jurisdiction
CUYAHOGA
Zoning & alternative use
MMUD-4 · Cleveland, OHZoning MMUD-4 · permitted uses
MMUD-4 · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A Midtown Mixed Use District and its regulations are established in order to permit and encourage an intensity and mix of development that supports and implements the development policies that have been established for this area by the City of Cleveland. The intent of this district is to encourages a pedestrian oriented mix of uses including retail, residential, offices and light industrial
Zone name
Midtown Mixed Use District
General category
MIXED_USE
Zone area
39.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.8M
RESTAURANT
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.9M
MEDICAL BUILDING Current
RESTAURANT
OFFICE 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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Lot
3.16 ac
Current owner
From public records · entity-resolved
University Hospitals Cleveland Medi
Individual
Free & Clear · 1 yrs held
Mailing address
3605 WARRENSVILLE CTR RD, SHAKER HEIGHTS, OH 44122-5203
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
University Hospitals Cleveland Medi
5805 Euclid INC
Limited Warranty Deed
—
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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