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Property profile & analytics
OFF-MARKET
Medical Office Space
6106 Memphis Ave Cleveland, OH 44144-2251
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-2627004
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1941
Construction
WOOD
Total area
2,624 SF
Lot
0.11 ac (5,000 SF)
Zoning code
LR
APN
013-14-121
UPID
US66-2627004
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
-
Gordon W. Charboneau, DC Alternative Medicine Practice
-
Cleveland Home Remodeling Construction Company General Contractor
-
We Do Gutters LLC. Real Estate Agency Hardware & Home Improvement
-
Jireh Boutique Clothing Store Service Establishment
-
Ambiance Hair Salon Hair Salon
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
Township Apartment Building LLC · 2 yrs held
Township Apartment Building LLC
since 2023
Last sale
$150,000
5 recorded transactions
Zoning & alternative use
LR · 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
$4,090
Tax year 2023
Assessed value
$40,950
Assessed 2023
Previous assessed
$40,950
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$7,350
Assessed improvement
$33,600
Land market value
$21,000
Improvement market value
$96,000
Total market value
$117,000
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
1941
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,624 SF
Lot
0.11 ac (5,000 SF)
Zoning code
LR
APN
013-14-121
UPID
US66-2627004
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.
Building & site characteristics
From public records
Year built
1941
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Township Apartment Building LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6106 MEMPHIS AVE #6110, CLEVELAND, OH 44144-2251
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
—
Township Apartment Building LLC
—
Deed
related
$237,250 · Velocity Commercial Capital LLC
Oct 26, 2023
—
Township Apartment Building LLC
3560 W 65 LLC
Quit Claim Deed
related
—
May 1, 2023
$650,000
6021 Memphis LLC
James K Souris
Warranty Deed
$350,000 · James Souris
Oct 25, 2018
$150,000
3560 W65 LLC
Giles Holdings LLC
Warranty Deed
—
Jun 3, 2013
$85,000
Giles Holdings LLC
Charboneau,gordon W & Carol Ann
Warranty Deed
related
$75,000 · Gordon Charboneau
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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