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Property profile & analytics
OFF-MARKET
Drive through restaurants
7020 Carnegie Ave Cleveland, OH 44103-4852
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US66-5854537
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
2,218 SF
Lot
0.8 ac (35,008 SF)
Zoning code
MMUD-3
APN
118-23-122
UPID
US66-5854537
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
-
Popeyes Louisiana Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ohio Franchise Management Corp · 17 yrs held
Ohio Franchise Management Corp
since 2008
2 recorded transactions
Zoning & alternative use
MMUD-3 · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A Midtown Mixed Use District and its regulations are established in order to permit and encourage an intensity and mix of development that supports and implements the development policies that have been established for this area by the City of Cleveland. The intent of this district is to encourages a pedestrian oriented mix of uses including retail, resident…
Zone name
Midtown Mixed Use District
General category
MIXED_USE
Zone area
98.87 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,838
Tax year 2023
Assessed value
$168,600
Assessed 2023
Previous assessed
$168,600
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$53,900
Assessed improvement
$114,700
Land market value
$154,000
Improvement market value
$327,700
Total market value
$481,700
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
2,218 SF
Lot
0.8 ac (35,008 SF)
Zoning code
MMUD-3
APN
118-23-122
UPID
US66-5854537
Jurisdiction
CUYAHOGA
Zoning & alternative use
MMUD-3 · Cleveland, OHZoning 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
Zoning description
A Midtown Mixed Use District and its regulations are established in order to permit and encourage an intensity and mix of development that supports and implements the development policies that have been established for this area by the City of Cleveland. The intent of this district is to encourages a pedestrian oriented mix of uses including retail, residential, offices and light industrial
Zone name
Midtown Mixed Use District
General category
MIXED_USE
Zone area
98.87 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Ohio Franchise Management Corp
Entity
Mailing address
11811 SHAKER BLVD STE #206, CLEVELAND, OH 44120-1933
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2008
$325,000
Ohio Franchise Management Corp
Harborview Investments Ltd
Grant Deed
$256,000 · Fifth Third Bank
Feb 4, 2000
$200,000
Harborview Investments Ltd
Tlp Properties
Grant Deed
—
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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