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Property profile & analytics
OFF-MARKET
Estimated value
$37,015,000
Warehouses
615 Superior Ave, Cleveland, OH 44113-1897
Entity Owned
14-yr Hold
Free & Clear
Property ID
US66-1303294
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
STEEL FRAME
Total area
437,360 SF
Lot
1.21 ac (52,784 SF)
Zoning code
SI
APN
101-25-004
UPID
US66-1303294
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
-
Youth Service Child Welfare Organization Foster Care Service
-
State-Oh Industrial Commisson Government
-
Cash Explosion Show Department Store
-
BWC Cleveland Medical Clinic
-
Miller Robert L Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.57M
Comparable Approach
Comparable
$47.57M
Blend (final)
Blend
$37.02M
Owner & transaction history
State Of Oh/dept/administrative S · 14 yrs held
State Of Oh/dept/administrative S
since 2012
1 recorded transaction
Zoning & alternative use
SI · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$54.1M
+32.6%
Medical building
$47.5M
+16.4%
Neighborhood: shopping center
$44.3M
+8.5%
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%
$36,365,000
6.5%
$33,565,000
7%
$31,170,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$40,830,000
Current use
APARTMENT HOUSE (5+ UNITS)
$54,135,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$47,525,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$44,305,000
Change: +9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$38,910,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$36,245,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$37.02M
Range $33.31M – $40.72M · ±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
$85 / 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
Assessed value
$9,034,100
Assessed 2023
Previous assessed
$9,034,100
+0.0% YoY
Assessed land
$2,494,030
Assessed improvement
$6,540,070
Land market value
$7,125,800
Improvement market value
$18,685,900
Total market value
$25,811,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Stories
14
Total area
437,360 SF
Lot
1.21 ac (52,784 SF)
Zoning code
SI
APN
101-25-004
UPID
US66-1303294
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · 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
WAREHOUSE, STORAGE Current
Est. value
$40.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$54.1M
MEDICAL BUILDING
Est. value
$47.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$44.3M
AUTO REPAIR, GARAGE
Est. value
$38.9M
COMMERCIAL (GENERAL)
Est. value
$36.2M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1978
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
14
Lot
1.21 ac
Current owner
From public records · entity-resolved
State Of Oh/dept/administrative S
Entity
Free & Clear · 14 yrs held
Mailing address
30 E BROAD ST, COLUMBUS, OH 43215-3414
Ownership since
2012
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
Feb 28, 2012
—
State Of Oh/dept/administrative S
Ohio Building Authority
Warranty Deed
related
—
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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