Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    8915 Saint Clair Ave Cleveland, OH 44108

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8915 Saint Clair Ave Cleveland, OH 44108

    View on Map
    • Residential income homes
    • 3,882 SF
    • 0.09 lot acres
    For Sale
    $219,000
    View Listing →
    Cleveland Multifamily Investment Opportunity For Sale
    $219,000
    0.09 Acres

    Cleveland Multifamily Investment Opportunity

    High-yield investment property with consistent rental demand and stable tenants.

    8915 Saint Clair Avenue, Cleveland, OH 44108
    View Listing
    Property ID
    US66-5900293
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 8915 Saint Clair Ave

    Year built
    1910
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.09 lot acres
    Property size
    3,882 SF
    Zone code
    LR
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    108-03-025
    APU
    10803025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.626
    Latitude
    41.5343
    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
    $2,350
    $16,590
    $18,940
    -
    $6,700
    $47,400
    $54,100

    Comparable in this City

    • Value Estimation by Request
      4,036 SF

      514 114th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,036 SF
      514 114th St, Cleveland, OH 44108-1474
      View Details
    • Value Estimation by Request
      3,820 SF

      643 101st St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,820 SF
      643 101st St, Cleveland, OH 44108-1384
      View Details
    • Value Estimation by Request
      4,120 SF

      11222 Parklawn Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,120 SF
      11222 Parklawn Dr, Cleveland, OH 44108-2681
      View Details
    • Value Estimation by Request
      3,912 SF

      10623 Everton Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,912 SF
      10623 Everton Ave, Cleveland, OH 44108-2772
      View Details
    • Value Estimation by Request
      3,374 SF

      9605 Garfield Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,374 SF
      9605 Garfield Ave, Cleveland, OH 44108-2115
      View Details
    • Value Estimation by Request
      4,936 SF

      954 Parkwood Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,936 SF
      954 Parkwood Dr, Cleveland, OH 44108-3072
      View Details

    Similar Nearby for Sale

    • $150,000
      Pending

      Cleveland Multifamily Investment Portfolio

      Four-property, nine-unit portfolio in Cleveland's established rental corridors.
      10301 Kempton Ave, Cleveland, OH 44108
      View Details
    • $120,000
      2,672 SF

      Cleveland Multifamily Home For Sale

      2,280 Sq Ft multi-family home with updates throughout.
      627 E 126Th St, Cleveland, OH 44108
      View Details
    • $235,000
      Pending

      Cleveland Quadruplex Investment Opportunity

      Fully occupied, cash-flowing 4-unit property in Cleveland, Ohio.
      12014 Iowa Ave, Cleveland, OH 44108
      View Details
    • $179,999
      4,214 SF

      Spacious Duplex in Cleveland, OH

      Side-by-side duplex with income potential near University Circle.
      10116 North Blvd, Cleveland, OH 44108
      View Details
    • $179,999
      4,214 SF

      Spacious Duplex in Cleveland, OH

      Side-by-side duplex with income potential near University Circle.
      10116 North Blvd, Cleveland, OH 44108
      View Details
    • $169,500
      4,096 SF

      Turnkey Triplex in University Circle

      Affordable triplex near University Circle with strong rental demand.
      10117 Somerset Ave, Cleveland, OH 44108
      View Details
    View Listing
    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.
    8915 Saint Clair Ave
    Cleveland, OH 44108
    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

    Thank You for Inquiry

    8915 Saint Clair Ave, Cleveland, OH, 44108

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!