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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Turn key restaurants
620 Frankfort Ave, Cleveland, OH 44113-1207
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-0920309
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1880
Construction
TYPE NOT SPECIFIED
Total area
4,600 SF
Lot
0.11 ac (4,649 SF)
Zoning code
LLR
APN
101-10-039
UPID
US66-0920309
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
-
K K Tricks Nightclub DJ & Entertainment
-
Club Paradis Gentlemen Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Frankfort & Sixth LLC · 3 yrs held
Frankfort & Sixth LLC
since 2023
Last sale
$570,000
7 recorded transactions
Zoning & alternative use
LLR · 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
Method
Estimation
Statistic approach
$495,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$775,000
Current use
OFFICE BUILDING
$745,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $570k (Jun 8 2023)
Last sale anchor
$570k
Jun 8 2023
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
$116 / 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
$17,476
Tax year 2023
Assessed value
$165,410
Assessed 2023
Previous assessed
$165,410
+0.0% YoY
Effective rate
10.57%
On assessed value
Assessed land
$113,890
Assessed improvement
$51,520
Land market value
$325,400
Improvement market value
$147,200
Total market value
$472,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1880
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
4,600 SF
Lot
0.11 ac (4,649 SF)
Zoning code
LLR
APN
101-10-039
UPID
US66-0920309
Jurisdiction
CUYAHOGA
Zoning & alternative use
LLR · Cleveland, OH
Zoning LLR · permitted uses
LLR · 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 Current
Est. value
$775,000
OFFICE BUILDING
Est. value
$745,000
RESTAURANT Current
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
1880
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Frankfort & Sixth LLC
Entity
Free & Clear · 3 yrs held
Mailing address
620 FRANKFORT AVE, CLEVELAND, OH 44113-1207
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
—
Frankfort & Sixth LLC
—
Deed
related
$1,300,000 · Cf Bank
Jun 8, 2023
$570,000
Frankfort & Sixth LLC
Down River Specialties INC
Warranty Deed
—
Jun 8, 2023
—
Cuyahoga County
Down River Specialties INC
Cancellation Of Agreement Of Sale
related
—
Sep 5, 2019
$770,000
Willis Tabron
Down River Specialties INC
Grant Deed
related
—
Mar 31, 2008
—
Down River Specialties INC
620 Frankfort LLC
Quit Claim Deed
related
—
Feb 16, 2006
$1,100,000
620 Frankfort LLC
Down River Specialties INC
Warranty Deed
$1,050,000 · Down River Specialties INC
—
—
Down River Specialties INC
—
Deed Of Trust
related
$30,000 · Individual
—
—
Michael Tritola
—
Deed Of Trust
related
$50,000 · Lindner Weaver Crane & Brondon
—
—
Michael Tritola
—
Deed Of Trust
related
$50,000 · Daniel F Lindner Co
—
—
Down River Speciaties INC
—
Deed Of Trust
related
$20,000 · Daniel F Lindner Co
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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