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Property profile & analytics
OFF-MARKET
Auto shops
7702 Madison Ave Cleveland, OH 44102-4054
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-0048458
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1974
Construction
TYPE NOT SPECIFIED
Total area
2,750 SF
Lot
0.19 ac (8,089 SF)
Zoning code
SI
APN
002-22-044
UPID
US66-0048458
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
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
Emerald Dev · 19 yrs held
Emerald Dev
since 2007
7 recorded transactions
Zoning & alternative use
SI · 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
Assessed value
$20,970
Assessed 2023
Previous assessed
$20,970
+0.0% YoY
Assessed land
$5,670
Assessed improvement
$15,300
Land market value
$16,200
Improvement market value
$43,700
Total market value
$59,900
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1974
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,750 SF
Lot
0.19 ac (8,089 SF)
Zoning code
SI
APN
002-22-044
UPID
US66-0048458
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · 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.
Building & site characteristics
From public records
Year built
1974
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Emerald Dev
Individual
Mailing address
7812 MADISON AVE, CLEVELAND, OH 44102-4056
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
Emerald Dev & Economic Network INC
—
Deed
related
$1,600,000 · The Huntington National Bank
Sep 26, 2022
—
Economic Network INC
—
Deed
related
$2,300,000 · The Huntington National Bank
Jun 22, 2022
—
Emerald Dev & Economic Network INC
—
Deed
related
$193,841 · The Huntington National Bank
Apr 25, 2019
—
Emerald Dev & Economic Ntwk In
—
Grant Deed
related
$2,500,000 · Huntington Nat'l Bk
May 22, 2007
$130,000
Emerald Dev
City Marine INC
Warranty Deed
$335,000 · Firstmerit Bank NA
Aug 18, 2003
$85,000
Marine INC
Zeiger,steven
Grant Deed
$80,000 · Key Bank NA
Aug 16, 1999
$85,000
Steven Zeigr
Ashmun Trust
Grant Deed
$91,200 · Uc Lending
—
—
City Marine INC
—
Deed Of Trust
related
$80,000 · Key Bank NA
—
—
Emerald Dev
—
Deed Of Trust
related
$250,000 · Firstmerit Bank NA
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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