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Property profile & analytics
OFF-MARKET
Retail space

2139 Noble Rd East Cleveland, OH 44112-1724

4,258 SF 0.3 ac lot Built 1964
Individually Owned 11-yr Hold Free & Clear
Property ID
US66-5830826
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Construction TYPE NOT SPECIFIED
Total area 4,258 SF
Lot 0.3 ac (13,129 SF)
Zoning code U3
APN 673-17-083
UPID US66-5830826
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Nicole D Daher · 11 yrs held
Nicole D Daher
since 2014
3 recorded transactions
2014
$55,000
2012
$121,300
2012
Price N/A
Zoning & alternative use
U3 · East Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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