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Property profile & analytics
OFF-MARKET
Estimated value
$11,835,000
Hotels
8840 Euclid Ave Cleveland, OH 44106
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1600994
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Construction
STEEL FRAME
Total area
151,504 SF
Lot
1.84 ac (80,268 SF)
Zoning code
GR
APN
119-15-001
UPID
US66-1600994
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
$11.69M
Comparable Approach
Comparable
$8.46M
Blend (final)
Blend
$11.84M
Owner & transaction history
Integrated Cc LLC · 7 yrs held
Integrated Cc LLC
since 2018
1 recorded transaction
Zoning & alternative use
GR · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,665,000
6.5%
$11,690,000
7%
$10,855,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$16,590,000
Current use
MEDICAL BUILDING
$16,460,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$15,345,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,480,000
Change: -19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,370,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$11.84M
Range $10.65M – $13.02M · ±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
$78 / 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
$948,453
Tax year 2023
Assessed value
$9,496,730
Assessed 2023
Previous assessed
$9,496,730
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$835,800
Assessed improvement
$8,660,930
Land market value
$2,388,000
Improvement market value
$24,745,500
Total market value
$27,133,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
9
Units
276
Total area
151,504 SF
Lot
1.84 ac (80,268 SF)
Zoning code
GR
APN
119-15-001
UPID
US66-1600994
Jurisdiction
CUYAHOGA
Zoning & alternative use
GR · Cleveland, OH
Zoning GR · permitted uses
GR · 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
HOTEL/MOTEL Current
Est. value
$16.6M
MEDICAL BUILDING
Est. value
$16.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.3M
AUTO REPAIR, GARAGE
Est. value
$13.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.4M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2016
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
9
Units
276
Lot
1.84 ac
Current owner
From public records · entity-resolved
Integrated Cc LLC
Entity
Mailing address
5001 ROCKSIDE RD STE #600, INDEPENDENCE, OH 44131-6803
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2018
—
Integrated Cc LLC
—
Grant Deed
related
$30,000,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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