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Financial
Distress signals
Property profile

6512 Franklin Blvd Cleveland, OH 44102

OFF-MARKET
Retail space
Property ID
US66-1079343
14,630 SF 2.27 ac lot Built 2007
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 14,630-square-foot freestanding building presents a unique opportunity for businesses seeking a prominent location in Cleveland's vibrant Ohio City/Detroit Shoreway neighborhood. Previously occupied by a Rite Aid, this Class A property boasts ample space and versatile zoning, making it suitable for a wide range of retail, office, or restaurant concepts. Situated on a generous 2.27-acre lot at 6512 Franklin Blvd, near the intersection of W 65th St, the building offers excellent…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$54k
Tax billed · 2023
Assessed value$538k
Assessed land$168k
Assessed improvement$370k
Effective rate9.99%

Value estimate

· Oct 2026
$1.22M
$1.10M – $1.34M
Submarket $/SF estimate$1.26M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$61/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$22 – $86
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LR
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon11.2
Accounting Firm10.5
Parking Facility10.0

Location

6512 Franklin Blvd Cleveland, OH 44102-2912
County assessor Recorded deeds · not on file 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4629 Clark, Cleveland, OH 44102-4511 $50,000 Feb 2026 6,600 SF
9200 Madison, Cleveland, OH 44102-2719 $340,000 Jun 2024 15,430 SF
4607-4609 Lorain, Cleveland, OH 44102 $275,000 Apr 2024 7,068 SF
1991 Madison, Cleveland, OH 44102 $575,000 Jan 2024 10,125 SF
9721 Lorain, Cleveland, OH 44102 $70,000 Oct 2023 7,870 SF
9915 Lorain, Cleveland, OH 44102-4667 $204,494 Jan 2023 7,206 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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