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Property profile & analytics
OFF-MARKET
Estimated value
$19,110,000
Office buildings
6700 Euclid Ave 6720 Cleveland, OH 44103-3956
Entity Owned
15-yr Hold
Free & Clear
Property ID
US66-0536642
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Construction
TYPE NOT SPECIFIED
Total area
80,902 SF
Lot
6.23 ac (271,221 SF)
Zoning code
MMUD-1
APN
118-13-007
UPID
US66-0536642
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
-
Eversight Charitable Organization Social Service Agency
-
Truck & Commercial Auto Insurance Ohio Insurance Agency
-
Devry Inc College
-
Chamberlain University College of Nursing Vocational School Training Center
-
Quillo | NMLS# 8259 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.07M
Comparable Approach
Comparable
$26.05M
Blend (final)
Blend
$19.11M
Owner & transaction history
7000 Euclid LLC · 15 yrs held
7000 Euclid LLC
since 2011
7 recorded transactions
Zoning & alternative use
MMUD-1 · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.6M
+9.0%
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%
$19,570,000
6.5%
$18,065,000
7%
$16,775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,515,000
Current use
RESTAURANT
$13,645,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$19.11M
Range $17.20M – $21.02M · ±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
$236 / 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
$523,628
Tax year 2023
Assessed value
$5,243,010
Assessed 2023
Previous assessed
$5,243,010
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$332,260
Assessed improvement
$4,910,750
Land market value
$949,300
Improvement market value
$14,030,700
Total market value
$14,980,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Bathrooms
0
Total area
80,902 SF
Lot
6.23 ac (271,221 SF)
Zoning code
MMUD-1
APN
118-13-007
UPID
US66-0536642
Jurisdiction
CUYAHOGA
Zoning & alternative use
MMUD-1 · Cleveland, OH
Zoning MMUD-1 · permitted uses
MMUD-1 · 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
OFFICE BUILDING Current
Est. value
$12.5M
RESTAURANT
Est. value
$13.6M
OFFICE BUILDING Current
RESTAURANT
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
2011
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
0
Lot
6.23 ac
Current owner
From public records · entity-resolved
7000 Euclid LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1375 E 9TH ST #2400, CLEVELAND, OH 44114-1739
Ownership since
2011
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
Nov 4, 2019
—
7000 Euclid LLC
—
Grant Deed
related
$30,000,000 · Miscellaneous Ins Co
Apr 24, 2019
—
Dunham Square Land LLC
—
Loan Modification
related
$4,900,000 · Midtown Intermediate Lender II
Jun 14, 2011
—
7000 Euclid LLC
Midtown Acquisition LLC
Quit Claim Deed
related
—
Nov 17, 2010
—
Dunham Square Land LLC
—
Deed Of Trust
related
$14,550,000 · Nmtc Leveraged Vi LLC
Sep 10, 2010
—
City Of Cleveland Oh
Dunham Square Land LLC
Quit Claim Deed
related
—
Jan 19, 2010
—
Lca 6700 Euclid LLC
—
Deed Of Trust
related
$1,500,000 · Fifth Third Bank
Jan 27, 2009
$110,000
Lca 6700 Euclid LLC
6620 Euclid Avenue Ltd
Grant Deed
—
May 9, 2008
—
Lca 6700 Euclid LLC
Cohen,richard B
Warranty Deed
$1,500,000 · Fifth Third Bk/boone
Nov 13, 2001
—
6620 Euclid Avenue Ltd
Greenfield,richard H
Grant Deed
related
—
—
—
Dunham Square Land LLC
—
Deed Of Trust
related
$4,900,000 · Ucnm Sub-cde II LLC
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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