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    4635 Northfield Rd North Randall, OH 44128

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    Sponsored
    For Sale
    $900,000

    SINGLE_FAMILY - North Randall, OH

    Type:Retail
    Property size:
    10,455 SF
    Lot size:
    1.26 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 12 at 12:06 pm

    Property Features for 4635 Northfield Rd

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    771-09-050
    Parking
    50
    Parking features
    Driveway, Parking Lot
    Size
    10,455 SF
    Lot size
    1.26 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    1
    Number of units
    3
    Roof type
    Flat

    We can help!

    Listing Contact
    Michael A Ferrante

    LPT Realty (877) 366-2213

    Listing agent Michael A Ferrante (216) 373-7727 License #2019005741

    Listing date Mar 12, 2026

    MLS# 5192796

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    North Randall Automotive and Retail

    Located on Northfield Road in North Randall, this property features a 10,455 square foot freestanding building on 1.26 acres. The property is configured with three units and includes approximately 900 square feet of office space. It offers convenient access to Greater Cleveland amenities, freeway routes, shopping, and dining. The property has high-visibility monument signage on Northfield Road and approximately 50 parking spaces. The auto repair area features 7 service bays with seven 10x10 overhead doors and epoxy floors. The body shop area includes a 14x14 rear drive-in door plus a deluxe spray booth with fire suppression and ventilation systems. The front retail/office space is currently occupied by a place of worship tenant. Each of the three units has its own HVAC and is separately metered. The auto-related units can remain as rentals on month-to-month terms. The owner pays water/sewer with each unit reimbursing one-third of the bill. Building signage opportunities are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Thrifty Car Rental - Tsh Bedford Heights TLE, Dollar Car Rental - Dsh Bedford Heights DLE, Enterprise Truck Rental, U-Box at U-Haul, Hertz Car Rental - Bedford Heights - Miles HLE

    Location Insight

    • Map
    • Local Demand
    City
    North Randall
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.524062
    Latitude
    41.431942

    Nearby Similar for Sale

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      Retail Building Near Amazon Center

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    FAQs

    What type of property is this?
    Automotive property - Freestanding building with auto repair, body shop, and retail.
    Where is this automotive property located?
    The property is located at 4635 Northfield Rd North Randall, OH.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Turn-key automotive and flexible commercial setup suitable for owner-operator or investor.; - Three separately metered units, each with its own HVAC, providing diverse income potential.; - Auto repair area with **7 service bays**, **7 drive-in doors**, epoxy floors, and optional equipment purchase.
    (216) 373-7727
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    4635 Northfield Rd North Randall, OH 44128
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    North Randall, OH 44128
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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.

    More about this property
    4635 Northfield Rd North Randall, OH 44128
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    We can help!
    Listing Contact
    Michael A Ferrante
    Real Estate License ID: 2019005741
    (216) 373-7727 (216) 571-8499
    Learn more
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