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Property profile & analytics
OFF-MARKET
Estimated value
$4,605,000
Warehouses
6555 Carnegie Ave Cleveland, OH 44103-4637
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-6028372
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1929
Construction
CONCRETE
Total area
64,148 SF
Lot
1.27 ac (55,495 SF)
Zoning code
MMUD-3
APN
118-13-006
UPID
US66-6028372
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
-
Wjmo Radio Station Telecommunications Service
-
Radio One Radio Station Telecommunications Service
-
Wenz FM Radio Station Telecommunications Service
-
Abeona Factory Production Facility
-
Bialosky Engineering Consultant Graphic Designer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.93M
Comparable Approach
Comparable
$4.37M
Blend (final)
Blend
$4.61M
Owner & transaction history
Hemingway At 6555 LLC · 13 yrs held
Hemingway At 6555 LLC
since 2012
7 recorded transactions
Zoning & alternative use
MMUD-3 · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.0M
+190.1%
Neighborhood: shopping center
$6.5M
+170.4%
Auto repair, garage
$5.7M
+137.5%
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%
$5,335,000
6.5%
$4,925,000
7%
$4,570,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,970,000
Change: +190% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,500,000
Change: +170% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,705,000
Change: +138% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,315,000
Change: +121% · Conversion: Difficult
RETAIL STORES
$4,110,000
Change: +71% · Conversion: Moderate
Blend value · Realmo final
$4.61M
Range $4.14M – $5.07M · ±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
$72 / 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
$212,212
Tax year 2023
Assessed value
$2,124,850
Assessed 2023
Previous assessed
$2,124,850
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$194,250
Assessed improvement
$1,930,600
Land market value
$555,000
Improvement market value
$5,516,000
Total market value
$6,071,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1929
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
4
Bathrooms
4
Total area
64,148 SF
Lot
1.27 ac (55,495 SF)
Zoning code
MMUD-3
APN
118-13-006
UPID
US66-6028372
Jurisdiction
CUYAHOGA
Zoning & alternative use
MMUD-3 · Cleveland, OH
Zoning MMUD-3 · permitted uses
MMUD-3 · 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
MEDICAL BUILDING
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES
Est. value
$4.1M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1929
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
4
Lot
1.27 ac
Current owner
From public records · entity-resolved
Hemingway At 6555 LLC
Entity
Mailing address
1375 E 9TH ST #2400, CLEVELAND, OH 44114-1739
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2019
—
7000 Euclid LLC
—
Grant Deed
related
$30,000,000 · Miscellaneous Ins Co
Mar 21, 2017
—
Hemingway At 6555 LLC
—
Deed
related
$500,000 · Miscellaneous Govt Agcy
Dec 28, 2012
—
Hemingway At 6555 LLC
—
Deed Of Trust
related
$4,000,000 · Cleveland City (oh)
Oct 19, 2012
—
Hemingway At 6555 LLC
City Of Cleveland
Quit Claim Deed
related
—
Oct 9, 2012
$300,000
Hemingway At 6555 LLC
3600 Properties LLC
Warranty Deed
—
Sep 12, 2006
$550,000
3600 Properties LLC
6555 Properties INC
Warranty Deed
$600,000 · Home Savings & Loan Youngstown
—
—
Hemingway At 6555 LLC
—
Deed Of Trust
related
$80,000 · Miscellaneous Govt Agcy
—
—
6555 Properties INC
—
Deed Of Trust
related
$50,000 · Ciuni & Panichi INC
—
—
6555 Properties INC
—
Deed Of Trust
related
$16,000 · Huntington National Bank
—
—
6555 Properties INC
—
Deed Of Trust
related
$26,468 · Huntington National Bank
—
—
Hemingway At 6555 LLC
—
Deed Of Trust
related
$3,577,210 · Key Community Dev New Markets
—
—
Hemingway At 6555 LLC
—
Deed Of Trust
related
$500,000 · Cleveland City (oh)
—
—
Hemingway At 6555 LLC
—
Deed Of Trust
related
$500,000 · Miscellaneous Govt Agcy
—
—
6555 Properties INC
—
Deed Of Trust
related
$50,000 · Firstmerit Bank NA
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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