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    4635 Northfield Rd, Unit 2 North Randall, OH 44128

    View on Map
    Sponsored
    For Lease
    $4,500 /Mo ($0.98 SF/Yr)

    COMMERCIAL - North Randall, OH

    Type:Retail
    Property size:
    4,550 SF
    Lot size:
    1.26 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 13 at 6:06 pm

    Property Features for 4635 Northfield Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    771-09-050
    Parking
    50
    Parking features
    Driveway, Parking Lot
    Size
    4,550 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# 5192832

    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 Auto Repair Facility

    Located in North Randall Village, this commercial space is currently used as an auto repair facility. The property offers approximately 4,550 square feet and features 7 bays, each equipped with a 10x10 overhead door. The layout includes a finished customer reception area and epoxy floors in the shop area. There are approximately 50 on-site parking spaces. Monument signage on high-traffic Northfield Road is available, along with building signage opportunities. The property provides convenient access to Greater Cleveland amenities, freeway routes, shopping, and dining. Other potential uses include contractor and trades users needing dispatch space, parts storage, and easy vehicle access, and it also works well for service and installation businesses like garage door, glass, security/alarm, or low-voltage installers with a customer check-in area up front and work bays in back. It can also appeal to light warehouse and distribution users such as e-commerce fulfillment, small parts distribution, or a staging hub for a service business. If permitted, other compatible concepts include a workshop-style operation (cabinetry/millwork, light fabrication), an event production or rental company needing staging/storage, or a retail/service hybrid like tire and wheel service, detailing/reconditioning, wrap/tint/PPF, appliance sales and service, or small equipment repair, subject to zoning and approvals. The property is situated on a 1.263-acre lot.
    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

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Soamazin Automotive LLC, Lake City Truck Repair, Tonka Towing, Autobody Products Inc, TIRESRUS 2 llc

    Location Insight

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

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    FAQs

    What type of property is this?
    Auto shop - Established auto repair facility with 7 bays for lease.
    Where is this auto shop located?
    The property is located at 4635 Northfield Rd, Unit 2 North Randall, OH.
    What is the lease rate?
    The lease rate is $0.98 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on Northfield Rd with monument and building signage.; - Established auto repair facility with **7 bays and 7 overhead doors (10x10)**.; - Approx. **4,550 SF of space with a finished customer reception area and epoxy floors**.
    (216) 373-7727
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    4635 Northfield Rd, Unit 2 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, Unit 2 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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