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Property profile & analytics
OFF-MARKET
Retail space
7427 Detroit Ave Cleveland, OH 44102-2862
Individually Owned
10-yr Hold
Free & Clear
Property ID
US66-4741991
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
WOOD
Total area
3,300 SF
Lot
0.16 ac (6,783 SF)
Zoning code
LR
APN
002-18-010
UPID
US66-4741991
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
-
Blazing Saddle (Bike/Boat/Book/etc) Store
-
Olive Ink tattoo Tattoo & Piercing Shop
-
Juniper Room Esthetics LLC Spa & Massage Center Skin Care Clinic
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
Blazing Saddle Cycles Props Ll · 10 yrs held
Blazing Saddle Cycles Props Ll
since 2016
2 recorded transactions
Zoning & alternative use
LR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,933
Tax year 2023
Assessed value
$29,370
Assessed 2023
Previous assessed
$29,370
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$10,430
Assessed improvement
$18,940
Land market value
$29,800
Improvement market value
$54,100
Total market value
$83,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Buildings
3
Stories
2
Units
2
Total area
3,300 SF
Lot
0.16 ac (6,783 SF)
Zoning code
LR
APN
002-18-010
UPID
US66-4741991
Jurisdiction
CUYAHOGA
Zoning & alternative use
LR · Cleveland, OHZoning LR · permitted uses
LR · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Blazing Saddle Cycles Props Ll
Individual
Free & Clear · 10 yrs held
Mailing address
7427 DETROIT AVE, CLEVELAND, OH 44102-2862
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Mar 15, 2016
$55,000
Blazing Saddle Cycles Props Ll
Skerritt,john
Warranty Deed
—
Dec 15, 2006
$120,000
John Skerritt
Zelch,raymond & Joann
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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