Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Maple Heights Commercial Property Rental Title is generated by Realmo AI

    5237 Warrensville Center Road, Maple Heights, OH 44137

    View on Map
    Claim this Listing
    For Lease
    $1,500/Mo $11 SF/Yr (calc)

    COMMERCIAL - Maple Heights, OH

    Type:Retail
    Property size:
    1,520 SF
    Lot size:
    0.12 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    49
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for 5237 Warrensville Center Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Off Street, Parking Lot
    Standard status
    Active
    APN
    782-23-009
    Size
    1,520 SF
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Daniel A Perelman

    Listing agent Daniel A Perelman License #2005000117

    Listing office Platinum Real Estate 7200 Center Street, Willoughby, OH

    Listing date Apr 3, 2026

    MLS# 5198518

    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.

    HighLights

    • 1,520 sqft flexible commercial space suitable for various businesses.
    • Convenient location in a busy shopping center.
    • Currently configured with a lobby, reception area, six small offices, one large office, two bathrooms, and multiple storage areas.
    • Ample parking spaces available.
    • Heating (Forced Air) and Cooling (Central Air) systems installed.
    • Flexible owner/agent willing to work with new tenant.

    Overview

    This commercial property in Maple Heights, OH, offers a flexible space suitable for various business types. The 1,520 sqft property is located in a busy shopping center near the intersection of Warrensville Center Road and Libby. It is currently configured with a 13 x 7 lobby, a 15 x 10 reception area, six 8 x 10 offices, one 17 x 10 large office, two bathrooms, and multiple storage areas. Previously used as a dentist office, the space is suitable for a small medical office, or general office space for businesses such as accountants, attorneys, or real estate agencies. The property could also be reconfigured for a small retail shop, wellness center, or spa. The 0.1175-acre lot provides plenty of parking spaces for customers and employees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5368534
    Latitude
    41.4182558

    Nearby Similar for Lease

    • $1,500/Mo

      High Visibility Commercial Opportunity

      Four vacant units ready for customization in a high-traffic location.
      16133 Broadway Avenue, Maple Heights, OH 44137
      View Details
    • $500/Mo

      High Visibility Commercial Opportunity

      Four vacant units ready for activation in a high-traffic location.
      16133 Broadway Avenue, Maple Heights, OH 44137
      View Details
    • $4,500/Mo
      4,000-4,000 SF

      5832/5834 Lee Road South, Maple Heights, OH 44137

      Move-in-ready units in Maple Heights Shopping Center, previously a daycare.
      5832/5834 Lee Rd South, Unit 5832/5834, Maple Heights, OH 44137
      View Details
    • $3,600/Mo

      High-Visibility Retail Space Available

      Prime retail space on high-traffic corridor, suitable for various businesses.
      5250 Northfield Road, Maple Heights, OH 44137
      View Details
    • $6 SF/Yr
      8,000 SF

      Freestanding Commercial Shop Building

      Commercial shop building with dock, drive-in door, and storage.
      14300 North Industrial Ave, Maple Heights, OH
      View Details
    • Contact for pricing
      3,600 SF

      High-Visibility Retail/Office Space Available

      Versatile space in high-traffic area, suitable for retail/office.
      5250 Northfield Road, Maple Heights, OH 44137
      View Details
    • Contact for pricing
      5,800 SF

      Industrial Space with Office

      5,800 SF flex space with I-480 and I-77 access.
      14600 Industrial Avenue South, Maple Heights, OH, 44137
      View Details
    • Contact for pricing
      6,175 SF

      Retail Space in Maple Heights

      Retail property available for lease in Maple Heights, Ohio.
      5880-5886 Lee Rd, Maple Heights, OH
      View Details
    • $6 SF/Yr
      34,656 SF

      Industrial Space Near I-480

      Industrial space suitable for distribution, storage, manufacturing, and contractors.
      14501 Industrial Ave S, Maple Heights, OH
      View Details
    • Contact for pricing
      23,181 SF

      Maple Heights Industrial Property For Rent

      Industrial property in Maple Heights with rail access and secured facility.
      16625 Granite Rd, Maple Heights, OH
      View Details
    • Contact for pricing
      297,991 SF

      Industrial Facility with Rail Access

      Secured industrial property featuring rail access and on-site service shop.
      5801 Lee Rd, Maple Heights, OH
      View Details
    • Contact for pricing
      720 SF

      Retail Space in Maple Heights

      Retail space for rent in a Cleveland suburb.
      15684-15880 Broadway Ave, Maple Heights, OH
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Flexible commercial space suitable for office, retail, or medical use.
    Where is this medical office space located?
    The property is located at 5237 Warrensville Center Road Maple Heights, OH.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: 1,520 sqft flexible commercial space suitable for various businesses.; Convenient location in a busy shopping center.; Currently configured with a lobby, reception area, six small offices, one large office, two bathrooms, and multiple storage areas.
    (216) 780-0413
    We can help!
    Listing Contact
    Daniel A Perelman
    Real Estate License ID: 2005000117
    Learn More
    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.
    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
    5237 Warrensville Center Road, Maple Heights, OH 44137
    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!