Industrial Flex
For Sale
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10090 Queens Way, Chagrin Falls, OH 44023
Industrial flex building for sale featuring 21,639 SF built in 1998.
Property Size21,639 SF
Price / SF$73.71
Days on Market107
Property Features for 10090 Queens Way
General Information
Standard status
Active
Size
21,639 SF
Property subtype
Industrial
Building Details
Year Built
1998
Units
5
Listing Agency:
Hanna Commercial Real Estate Cleveland
Listed By:
David R. Stover · License #OH SAL.0000368792
Source:
Crexi
Added: Jul 9
Changed: Oct 1
Last Checked: Oct 20 at 9:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hanna Commercial Real Estate Cleveland
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Investment Insights
Based on property information with market context.
This industrial flex building offers a total of 21,639 square feet, constructed in 1998. The property is listed for sale and is suitable for industrial and flex-style occupancy based on its stated classification.
The address is 10090 Queens Way in Chagrin Falls, OH.
As currently presented, the primary provided details are the building’s industrial flex designation, total square footage, and the 10/02/1998 build date.
The address is 10090 Queens Way in Chagrin Falls, OH.
As currently presented, the primary provided details are the building’s industrial flex designation, total square footage, and the 10/02/1998 build date.
Key Highlights
- Industrial flex building for sale
- 21,639 SF building size
- Built in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,832
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,676,640
$2.7M
Cap Rate 7%
$1,911,886
$1.9M
Cap Rate 9%
$1,487,022
$1.5M
Market Conditions
NOI Build-Up for 21,639 SF
Gross rent
$205.1K $9.48/SF
− Vacancy
−$13.9K −$0.64/SF
EGI
$191.2K $8.84/SF
− OpEx
−$57.4K −$2.65/SF
NOI
$133.8K $6.18/SF
Area
Geauga County, OH
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,676,640
Cap Rate 7%
$1,911,886
Cap Rate 9%
$1,487,022
Alternative Uses
Best Use
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,832 @ 7.0% cap · market cap 8.39%
Second Best
Flex RnD
$1.17M
$1.02M – $1.37M
NOI $81,941 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$4.36M
$3.81M – $5.09M
NOI $305,106 @ 7.0% cap · market cap 19.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 44023, OH
19,075
Population
7,679
Households
2.5
Avg Household Size
50
Median Age
57%
College-Educated
99%
High-School Grad
51.6 sq mi
ZIP Area
370
Density / Sq Mi
$130,452
Median Household Income
$59,853
Median Earnings
$2,396
Median Rent
$421,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building for sale featuring 21,639 SF built in 1998.
Where is this flex space located?
The property is located at 10090 Queens Way Chagrin Falls, OH.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Industrial flex building for sale; 21,639 SF building size; Built in 1998
