2139 Noble Rd East Cleveland, OH 44112-1724
This well-maintained, 4,258 square foot retail building in Cleveland, Ohio, presents a compelling investment opportunity. Situated on a 0.3-acre lot at 2139 Noble Road, the property boasts three individual retail units. The building features a newer TPO commercial roof, still under warranty, ensuring long-term cost savings. The HVAC system has also been recently updated, providing efficient climate control for tenants and minimizing operational expenses. The exterior has been freshly painted, enhancing curb appeal and attracting potential customers. The parking lot has recently undergone repaving, ensuring ample and convenient parking for patrons. Two of the three units are currently occupied by long-term tenants, providing a stable income stream. The third unit is vacant, but has undergone some renovations, making it ready for immediate occupancy or further customization to suit a specific tenant's needs. All utilities are separately metered and paid for by the respective tenants, simplifying management and maximizing profitability. This property offers a blend of immediate income generation and future growth potential, making it an ideal addition to any investment portfolio. The location on Noble Road provides excellent visibility and accessibility, ensuring high foot traffic and potential for increased revenue. This is a turnkey opportunity for an investor seeking a stable and profitable retail investment in a desirable Cleveland location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
U3 · East Cleveland, OHEast Cleveland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.