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Property profile

6140 Broadway Ave Cleveland, OH 44127

FOR LEASE
Drive through restaurants
Property ID
US66-6022704
1,760 SF 0.4 ac lot Built 1979
Entity Owned 21-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

Commercial restaurant space located in Cleveland, OH 44127 on a 0.3954-acre lot, with a City-approved restaurant configuration that includes a fully equipped commercial kitchen designed for food service. The interior includes a spacious dining area with a flexible layout suitable for fast casual, dine-in, and specialty food concepts, and existing kitchen equipment is intended to remain on-site. The site provides on-site parking and benefits from visibility from adjacent streets, supporting customer access to the premises.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 1,760 SF
Lot 0.4 ac (17,225 SF)
Zoning code GR
APN 131-25-010
UPID US66-6022704

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2005
7 recorded transactions
2018
Price N/A
2016
Price N/A
2005
$215,000
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GR · Cleveland, OH
Zoning description

Zoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75’ 8’ 86’7’6” 20’ 7’6” 52’6”’ 20’ 10’ 15’ 9’17’ 9’17’ 9’17’ 9’17’ 24’ 30’ 40’ 48’ 12…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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