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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Grocery and convenience stores
5901 Detroit Ave Cleveland, OH 44102-3003
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0314952
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1954
Construction
TYPE NOT SPECIFIED
Total area
13,936 SF
Lot
1 ac (43,656 SF)
Zoning code
LR
APN
002-16-008
UPID
US66-0314952
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
-
Save A Lot Grocery & Convenience Store Food Market
-
Amazon Locker - Dairy Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.19M
CAP Approach
CAP
$2.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.16M
Owner & transaction history
Janes Ventures LLC · 4 yrs held
Janes Ventures LLC
since 2022
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
LR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+178.4%
Office building
$2.3M
+167.0%
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
$3,055,000
ML approach
$3,190,000
CAP Approach
CAP Return
Estimation
6%
$2,230,000
6.5%
$2,060,000
7%
$1,915,000
Alternative Use
Use
Estimation
RESTAURANT
$2,350,000
Change: +178% · Conversion: Easy
OFFICE BUILDING
$2,255,000
Change: +167% · Conversion: Easy
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±10% · vs last sale $3.75M (Jan 10 2022)
Last sale anchor
$3.75M
Jan 10 2022
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
$227 / 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
$37,832
Tax year 2023
Assessed value
$378,810
Assessed 2023
Previous assessed
$263,030
+44.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$50,440
Assessed improvement
$328,370
Land market value
$144,100
Improvement market value
$938,200
Total market value
$1,082,300
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1954
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
1
Total area
13,936 SF
Lot
1 ac (43,656 SF)
Zoning code
LR
APN
002-16-008
UPID
US66-0314952
Jurisdiction
CUYAHOGA
Zoning & alternative use
LR · Cleveland, OH
Zoning LR · permitted uses
LR · 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
RESTAURANT
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
RESTAURANT
OFFICE BUILDING
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
1954
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Janes Ventures LLC
Entity
Mailing address
633 CHARLESTON PIKE, CHILLICOTHE, OH 45601-9312
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$3,750,000
Janes Ventures LLC
Moran Foods LLC
Limited Warranty Deed
$4,645,000 · Merchants National Bank
May 4, 2020
—
Moran Foods LLC
—
Deed
related
$210,000,000 · Citizens Bk NA
Apr 9, 2020
—
Moran Food LLC
—
Deed
related
$138,900 · Other Institutional Lenders
Mar 3, 2020
—
Moran Foods LLC
—
Deed
related
$52,000 · Other Institutional Lenders
Jan 2, 2020
—
Moran Foods LLC
—
Deed
related
$40,000,000 · Other Institutional Lenders
Oct 3, 2019
—
Moran Foods LLC
—
Grant Deed
related
$30,000,000 · Ankura Tr Co LLC
Apr 10, 2019
—
Moran Foods LLC
—
Grant Deed
related
$20,000,000 · Sal Holdco Corp
—
—
Moran Foods LLC
—
Deed Of Trust
related
$40,000,000 · Other Institutional Lenders
—
—
Moran Food LLC
—
Deed Of Trust
related
$138,900 · Other Institutional Lenders
—
—
Moran Foods LLC
—
Deed Of Trust
related
$15,000,000 · Other Institutional Lenders
—
—
Moran Foods LLC
—
Deed Of Trust
related
$210,000,000 · Citizens Bk NA
—
—
Moran Foods LLC
—
Deed Of Trust
related
$1,250,000 · Wells Fargo Bank
—
—
Moran Foods LLC
—
Deed Of Trust
related
$2,000,000,000 · Goldman Sachs Bank USA
—
—
Moran Food LLC
—
Deed Of Trust
related
$180,000 · Other Institutional Lenders
—
—
Moran Foods LLC
—
Loan Modification
related
$52,000 · Other Institutional Lenders
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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