Technical
Financial
Distress signals
Property profile

2139 Noble Rd East Cleveland, OH 44112

OFF-MARKET
Retail space
Property ID
US66-5830826
4,258 SF 0.3 ac lot Built 1964
Individually Owned 11-yr Hold Free & Clear
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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

Location

2139 Noble Rd East Cleveland, OH 44112-1724
East Cleveland metro Census 151200 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2014
3 recorded transactions
2014
$55,000
2012
$121,300
2012
Price N/A

Zoning & alternative use

U3 · East Cleveland, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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