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    Euclid Ave Euclid, OH 44132
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    Property profile & analytics

    Euclid Ave, Euclid, OH 44132

    View on Map
    • Assisted living facilities
    • 5.00 lot acres
    Off-Market
    Property ID
    US66-3921602
    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

    • Assisted living facilities

    Property Details for Euclid Ave

    Lot size
    5.00 lot acres
    Zone code
    U8
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    648-49-001
    APU
    64849001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 6, 2020 — Euclid Senior Living Real Esta — Deed · related $6.5M · Lake Forest Bk&tr
    Jun 25, 2018 $5,250,000 Euclid Senior Living R & E LLC Euclid Retirement Village LP Trustees Deed · related $788k · Israel Discount Bk/ny
    Nov 30, 2016 — Euclid Retirement Village LP — Deed · related $7.5M · Other Institutional Lenders
    Feb 26, 1999 — Euclid Retirement Village LP — Deed Of Trust · related $7M · Reliastar Life Insurance Co
    — — Euclid Senior Living Real Esta — Deed Of Trust · related $6.5M · Lake Forest Bk&tr

    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
    Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5017
    Latitude
    41.5868
    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
    $19,266
    $175,390
    $0.00
    $175,390
    -
    $501,100
    $0.00
    $501,100

    Comparable in this City

    • Value Estimation
      $1,715,000
      154,800 SF

      25900 Euclid Ave

      HOMES (RETIRED, NURSING)
      25900 Euclid Ave, Euclid, OH 44132-2744
      View Details
    • Value Estimation by Request
      199,982 SF

      26300 Euclid Ave

      Office Units
      26300 Euclid Ave, Euclid, OH 44132
      View Details
    • Value Estimation by Request
      10,812 SF

      26450 Century Cors Pkwy

      MEDICAL BUILDING
      26450 Century Cors Pkwy, Euclid, OH 44132
      View Details
    • Value Estimation
      $500,000
      5,574 SF

      26000 Lk Shr Blvd

      MEDICAL BUILDING
      26000 Lk Shr Blvd, Euclid, OH 44132-1110
      View Details
    • Value Estimation by Request
      0.49 Acres

      471 260th St

      WAREHOUSE, STORAGE
      471 260th St, Euclid, OH 44132-1405
      View Details
    • Value Estimation by Request
      0.02 Acres

      1251 286th St

      LIGHT INDUSTRIAL
      1251 286th St, Euclid, OH 44132-2137
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      3,000 SF

      Former Restaurant with Drive-Through

      3,000 SF former Wendy's restaurant with drive-through.
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      64,000 SF

      Euclid Industrial Space For Lease

      64,000 SF industrial space with excellent highway visibility.
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      2,800 SF

      Euclid Industrial Property for Sale

      Industrial property in Euclid, Ohio, with convenient highway access.
      1211 E 286Th St, Euclid, OH 44132
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      Development Land on Euclid Avenue

      6.01 acres of commercial land with frontage on Euclid Ave.
      27961 Euclid Ave, Euclid, OH 44132
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    Similar Nearby for Lease

    • Contact for pricing
      75,576 SF

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      75,576 SF warehouse with 15-year real estate tax abatement.
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      View Details
    • Contact for pricing
      41,659 SF

      Euclid Warehouse with Tax Abatement

      42,411 SF warehouse with 15-year real estate tax abatement.
      26555 Bluestone Blvd, Euclid, OH 44132
      View Details
    • Contact for pricing
      60,411 SF

      Euclid Warehouse with Tax Abatement

      71,337 SF warehouse with 15-year real estate tax abatement.
      26251 Bluestone Blvd, Euclid, OH 44132
      View Details
    • Contact for pricing

      Euclid Industrial Land for Lease

      Industrial land for lease with excellent highway access.
      Bluestone Blvd, Euclid, OH 44132
      View Details
    • Sponsored
      Contact for pricing

      OH, Euclid - Euclid Ave

      Discover many ways to work your way in OH, Euclid - Euclid Ave
      26250 Euclid Ave, Euclid, OH 44132
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    • Contact for pricing
      1,037 SF

      Retail Space on Lakeshore Boulevard

      Retail space available in Euclid, Ohio shopping plaza.
      26588-26598 Lake Shore Blvd, Euclid, OH 44132
      View Details
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    Euclid, OH 44132
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    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.

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    Euclid Ave, Euclid, OH, 44132
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