Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7514 Aetna Rd Cleveland, OH 44105-1584

    • Residential income homes
    • 2,544 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Apr 18, 2024
    $81,600
    Value Estimations
    $90,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2578659
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 7514 Aetna Rd

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    2,544 SF
    Zone code
    2F
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    133-08-004
    APU
    13308004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $80,000
      ML approach
      $80,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $111,000
      Market price range: $69.7k - $149k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $110,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6351
    Latitude
    41.4589
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,878
    $2,700
    $16,100
    $18,800
    -
    $7,700
    $46,000
    $53,700

    Comparable in this City

    • Value Estimation
      $260,000
      5,600 SF

      10109 Nelson Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,600 SF
      10109 Nelson Ave, Cleveland, OH 44105-4071
      View Details
    • Value Estimation
      $255,000
      3,900 SF

      12010 Miles Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,900 SF
      12010 Miles Ave, Cleveland, OH 44105-5464
      View Details
    • Value Estimation
      $70,000
      2,466 SF

      4090 71st St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,466 SF
      4090 71st St, Cleveland, OH 44105-5069
      View Details
    • Value Estimation
      $280,000
      2,946 SF

      3620 59th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,946 SF
      3620 59th St, Cleveland, OH 44105-1272
      View Details
    • Value Estimation
      $85,000
      3,228 SF

      6825 Hosmer Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,228 SF
      6825 Hosmer Ave, Cleveland, OH 44105-3586
      View Details
    • Value Estimation
      $440,000
      2,712 SF

      6718 Chambers Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,712 SF
      6718 Chambers Ave, Cleveland, OH 44105-7411
      View Details

    Similar Nearby for Sale

    • $259,900
      0.05 Acres

      Cash Flowing Retail Opportunity

      High-traffic corner store with apartment and included licenses.
      4324 Warner Rd, Cleveland, OH 44105
      View Details
    • $90,000
      0.23 Acres

      Cleveland Duplex: Investment Opportunity

      Versatile duplex in Cleveland with immediate income potential.
      4219 E 116Th St, Cleveland, OH 44105
      View Details
    • $139,900

      Cleveland Duplex: Investor Opportunity

      Up-down duplex in Mt. Pleasant neighborhood with income potential.
      3568 E 114Th St, Cleveland, OH 44105
      View Details
    • New
      $249,900
      0.11 Acres

      Mixed-Use Property with Retail Space

      Turn-key mixed-use property featuring retail space and two apartments.
      4350 E 71St St, Cleveland, OH 44105
      View Details
    • $135,000
      0.07 Acres

      Mixed-Use Building with Storefronts

      Mixed-use building with apartments and storefronts, great investment opportunity.
      6802 Harvard Ave, Cleveland, OH 44105
      View Details
    • $119,900
      2,116 SF

      Cleveland Duplex: Income Opportunity

      Two-unit property with rental income and upside potential.
      12709 Benham Ave, Cleveland, OH 44105
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      26,687 SF

      Cleveland Industrial/Office Space For Lease

      Versatile spaces, 9,073-17,614 sq ft.
      4558 71St St, Cleveland, OH 44105
      View Details
    • $3 SF/Yr
      8,000 SF

      Manufacturing Space in Cleveland Available

      98,150 SF manufacturing space for lease in Cleveland.
      3650 E 93Rd St, Cleveland, OH 44105
      View Details
    • $5 SF/Yr
      9,073 SF

      Office/Warehouse Space For Lease

      Office and warehouse spaces available for lease at $5.50/SF NNN.
      4558-4568 E 71St St, Cleveland, OH 44105
      View Details
    • $8 SF/Yr
      400,000 SF

      Highland Hills Development Opportunity

      New development opportunity with highway access in Northeast Ohio.
      22000 Millcreek Blvd, Highland Hills, OH 44105
      View Details
    • Contact for pricing
      11,456 SF

      Retail Space with Drive-Thru Potential

      Retail space with drive-thru potential, near I-77.
      7109 Harvard Ave, Cleveland, OH 44105
      View Details
    • Contact for pricing
      6,914 SF

      Industrial Space Near I-77, I-480

      6,914 SF industrial space with loading docks and highway access.
      6541-6835 Broadway Ave, Cleveland, OH 44105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7514 Aetna Rd
    Cleveland, OH 44105-1584
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.