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    The Largest CRE Database in the US with Over 1 Million Listings

    5250 Northfield Rd Maple Heights, OH 44137

    Sponsored
    Picture of Retail space at Northfield Rd 5250, Maple Heights, OH
    For Lease
    $3,600 /Mo ($1.38 SF/Yr)

    COMMERCIAL - Maple Heights, OH

    Type:Retail
    Lot size:
    0.72 Acres
    Days on Market:
    87
    Last Refresh:
    Feb 13 at 4:06 am

    Property Features for 5250 Northfield Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    782-25-028
    Parking
    45
    Lot size
    0.72 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    2

    We can help!

    Listing Contact
    Erin Thomas

    KW Living (440) 318-1620

    Listing agent Erin Thomas (440) 670-2300 License #2019005940

    Listing date Nov 19, 2025

    MLS# 5164593

    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

    High-Visibility Retail Space Available

    Located on the high-traffic Northfield Rd corridor, this multi-tenant building offers visibility and accessibility in an active commercial area. The property features ample parking and versatile floor plans suitable for retail, food service, or professional office use. Surrounding tenants include a mix of national and regional retailers. The available retail space, formerly Howard Jewelry, offers 3200 square feet of flexible ground-floor layout with several partitioned rooms, two half baths, and a 400 square feet upstairs office area. The end cap space comes equipped with an interior security gate and strong street presence, capturing both vehicle and foot traffic, with approximately 24,000 vehicles per day. This location is suitable for a QSR concept (such as Wingstop, Jersey Mike's, or Chipotle), convenience retail, or medical/professional services. The property is located in Maple Heights, OH 44137, in Cuyahoga County. The lot size is 0.718 acres. Tenant is responsible for base rent plus prorata share of expenses, with a minimum lease term of three years being sought.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.527761
    Latitude
    41.418177

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    FAQs

    What type of property is this?
    Retail space - Prime retail space on high-traffic corridor, suitable for various businesses.
    Where is this retail space located?
    The property is located at 5250 Northfield Rd Maple Heights, OH.
    What is the lease rate?
    The lease rate is $1.38 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Northfield Rd with 24,000 VPD, offering outstanding visibility and accessibility.; - Versatile 3200 SF ground-floor layout suitable for retail, food service, or professional office use.; - Strong co-tenancy appeal with a mix of national and regional retailers ensuring steady customer flow.
    (440) 670-2300
    Request Owner's contact information
    5250 Northfield Rd Maple Heights, OH 44137
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    Maple Heights, OH 44137
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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
    5250 Northfield Rd Maple Heights, OH 44137
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    We can help!
    Listing Contact
    Erin Thomas
    Real Estate License ID: 2019005940
    (440) 670-2300 (440) 318-1620
    Learn more
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