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Property profile & analytics
OFF-MARKET
Estimated value
$33,990,000
Office buildings
7012 Euclid Ave Cleveland, OH 44103-4014
Entity Owned
12-yr Hold
Free & Clear
Property ID
US66-0300058
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1917
Construction
CONCRETE
Total area
166,578 SF
Lot
1.27 ac (55,408 SF)
Zoning code
MMUD-1
APN
118-14-005
UPID
US66-0300058
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
-
Dealer Tire (Bike/Boat/Book/etc) Store Auto Parts Store
-
Lexus Complete Maintenance Care (Bike/Boat/Book/etc) Store Auto Parts Store
-
Dealer Tire LLC Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.20M
Comparable Approach
Comparable
$41.27M
Blend (final)
Blend
$33.99M
Owner & transaction history
Victory Midtown Landlord LLC · 12 yrs held
Victory Midtown Landlord LLC
since 2013
7 recorded transactions
Zoning & alternative use
MMUD-1 · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$28.1M
+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%
$40,300,000
6.5%
$37,200,000
7%
$34,540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,770,000
Current use
RESTAURANT
$28,100,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$33.99M
Range $30.59M – $37.39M · ±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
$204 / 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
$464,682
Tax year 2023
Assessed value
$4,652,800
Assessed 2023
Previous assessed
$4,652,800
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$149,350
Assessed improvement
$4,503,450
Land market value
$426,700
Improvement market value
$12,867,000
Total market value
$13,293,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1917
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
4
Bathrooms
9
Total area
166,578 SF
Lot
1.27 ac (55,408 SF)
Zoning code
MMUD-1
APN
118-14-005
UPID
US66-0300058
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
$25.8M
RESTAURANT
Est. value
$28.1M
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
1917
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
9
Lot
1.27 ac
Current owner
From public records · entity-resolved
Victory Midtown Landlord LLC
Entity
Free & Clear · 12 yrs held
Mailing address
12 GRANDVIEW CIR, CANONSBURG, PA 15317-8533
Ownership since
2013
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
May 2, 2016
—
Victory Midtown LLC
—
Deed
related
$3,000,000 · Private Individual
Nov 18, 2013
—
Victory Midtown Landlord LLC
Victory Midtown LLC
Quit Claim Deed
related
—
Jul 20, 2012
—
Victory Midtown LLC
Garson Victory LLC
Quit Claim Deed
related
—
Dec 23, 2010
$2,700,000
Garson Victory LLC
Victory Lofts LLC
Grant Deed
related
$343,140 · Euc-car Central LLC
Nov 14, 2006
—
Victory Lofts LLC
Foxmen Properties LLC
Warranty Deed
related
—
—
—
Victory Midtown Landlord LLC
—
Deed Of Trust
related
$720,000 · Cleveland City (oh)
—
—
Victory Midtown Landlord LLC
—
Deed Of Trust
related
$500,000 · Miscellaneous Govt Agcy
—
—
Victory Midtown Landlord LLC
—
Deed Of Trust
related
$500,000 · Miscellaneous Govt Agcy
—
—
Victory Midtown Landlord LLC
—
Deed Of Trust
related
$4,000,000 · Miscellaneous Govt Agcy
—
—
Victory Midtown LLC
—
Deed Of Trust
related
$3,000,000 · Private Individual
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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