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Property profile & analytics
FOR LEASE
Retail space
600 Superior Ave E Cleveland, OH 44114
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0944988
For Lease
1 / 5
$28,545,000
600 Superior Ave E, Cleveland, OH 44114
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Construction
CONCRETE
Total area
528,804 SF
Lot
1.57 ac (68,172 SF)
Zoning code
GR
APN
101-27-001
UPID
US66-0944988
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
-
Wedell Kristin L Law Firm
-
Kegler Brown Hill + Ritter: Cleveland Law Firm
-
High Rock Property Advisors Property Investment Company
-
Patituce & Associates, LLC Law Firm
-
US Attorney Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.75M
Blend (final)
Blend
$28.55M
Owner & transaction history
Pfp 6 Fifth Third Owner LLC · 1 yrs held
Pfp 6 Fifth Third Owner LLC
since 2024
6 recorded transactions
Zoning & alternative use
GR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$47.1M
+38.8%
Commercial (general)
$43.8M
+29.3%
Apartment house (5+ units)
$39.1M
+15.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$33,890,000
Current use
AUTO REPAIR, GARAGE
$47,050,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$43,820,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$39,125,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$28.55M
Range $25.69M – $31.40M · ±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
$54 / 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
$1,957,566
Tax year 2023
Assessed value
$18,866,130
Assessed 2023
Previous assessed
$18,866,130
+0.0% YoY
Effective rate
10.38%
On assessed value
Assessed land
$2,624,620
Assessed improvement
$16,241,510
Land market value
$7,498,900
Improvement market value
$46,404,300
Total market value
$53,903,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1990
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
27
Units
404
Total area
528,804 SF
Lot
1.57 ac (68,172 SF)
Zoning code
GR
APN
101-27-001
UPID
US66-0944988
Jurisdiction
CUYAHOGA
Zoning & alternative use
GR · Cleveland, OH
Zoning GR · permitted uses
GR · 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
RETAIL STORES Current
Est. value
$33.9M
AUTO REPAIR, GARAGE
Est. value
$47.1M
COMMERCIAL (GENERAL)
Est. value
$43.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$39.1M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1990
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
27
Buildings
2
Units
404
Lot
1.57 ac
Current owner
From public records · entity-resolved
Pfp 6 Fifth Third Owner LLC
Entity
Mailing address
28400 NORTHWESTERN HWY FL, SOUTHFIELD, MI 48034-1839
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
—
Pfp 6 Fifth Third Owner LLC
Hertz Cleveland 600 Superior LLC
Deed
$55,000,000 · Wells Fargo Bank NA
Jun 11, 2019
—
Hertz Cleveland 600 Superior L
—
Grant Deed
related
$57,278,000 · Pfp Holding Co Vi LLC
Dec 6, 2016
—
Hertz Cleveland 600 Superior L
—
Deed Of Trust
related
$54,600,000 · Ladder Cap Fin
Apr 13, 2015
$53,750,000
Hertz Cleveland 600 Superior L
Behringer Harvard 600 Superior
Grant Deed
—
Nov 17, 2006
$63,750,000
Harvard Fund Behringer
600 Superior Partners LLC
Grant Deed
related
$49,250,000 · J P Morgan Chase Bank
Jun 5, 2002
$40,500
Erieview Fourth Corpation
600 Superior Place Partnership
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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