Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6950 Engle Road Middleburg Heights, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex building with docks, drive-in doors, and freeway access.

    Type:INDUSTRIAL
    Property size:
    9,900 SF
    Lot size:
    6.25 Acres
    Added:
    Apr 10, 2025
    Days on Market:
    386
    Last Refresh:
    Apr 5 at 8:59 pm

    Property Features for 6950 Engle Road

    General Information

    Standard status
    Active
    Size
    9,900 SF
    Lot size
    6.25 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 6950 Engle Road Contact us

    We can help!

    Listing Contact
    Kevin J. Kuczynski

    Listing agent Kevin J. Kuczynski

    Listing office Hanna Commercial Real Estate | Cleveland

    Listing date Apr 10, 2025

    Source Moodyscre

    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

    Overview

    High-End Flex Building Available

    This high-end flex building offers a total area of 9,900 square feet. The layout includes 1,500 square feet of office space and 8,400 square feet of warehouse space. The property features three docks and three drive-in doors, providing convenient access for loading and unloading. The building benefits from excellent freeway access, facilitating transportation and logistics.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Middleburg Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8129
    Latitude
    41.3614

    Nearby Similar for Lease

    • $2,000/Mo

      Office Space Near Airport

      Office space for rent with great airport access.
      7515 Pearl Road, Middleburg Heights, OH 44130
      View Details
    • $21 SF/Yr

      Medical Office Campus Near Hospital

      Two-building medical office campus across from Southwest General Health Center.
      18660 Bagley Road, Middleburg Heights, OH, 44130
      View Details
    • Sponsored
      Contact for pricing

      OH, Middleburg Heights - Engle Rd

      7055 Engle Rd, Unit BLDG 6 -601, Middleburg Heights, OH 44130
      View Details
    • $6,868/Mo

      Office Space with Ample Parking

      Flexible office spaces with on-site management and ample parking.
      6745 Engle Road, Middleburg Heights, OH, 44130
      View Details
    • $29 SF/Yr

      Medical Office Space Available

      Class A medical office building near Southwest General Health Center.
      18780 Bagley Road, Middleburg Heights, OH, 44130
      View Details
    • Contact for pricing

      High-Traffic Retail Space Available

      10,300 SF retail space at Pearl/Bagley intersection.
      7259 Pearl Road, Middleburg Heights, OH, 44130
      View Details
    • $1,000/Mo

      Flexible Office/Warehouse Space Available

      Adaptable office and warehouse spaces near Cleveland Hopkins Airport.
      6751 Engle Rd, Middleburg Heights, OH
      View Details
    • $4,015/Mo

      Adaptable Office/Warehouse Space Available

      Flexible office and warehouse space near Cleveland Hopkins Airport.
      6755 Engle Rd, Middleburg Heights, OH
      View Details
    • $6 SF/Yr

      Industrial Space Near Airport

      Available industrial space near Cleveland Hopkins International Airport.
      19695 Commerce Parkway, Middleburg Heights, OH, 44130
      View Details
    • Contact for pricing

      Medical/Office Complex Near Hospital

      Single-story complex near Southwest General Hospital with prominent co-tenants.
      19250 Bagley Road, Middleburg Heights, OH, 44130
      View Details
    • $6 SF/Yr

      Warehouse Space Near Airport

      Warehouse space available for lease near Cleveland Hopkins Airport.
      19695 Commerce, Middleburg Heights, OH
      View Details
    • $6,868/Mo

      Versatile Office and Warehouse Space

      Adaptable office and warehouse spaces near Cleveland Hopkins Airport.
      6745 Engle Rd, Middleburg Heights, OH
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex building with docks, drive-in doors, and freeway access.
    Where is this flex space located?
    The property is located at 6950 Engle Road Middleburg Heights, OH.
    What are key features of this property?
    This property features: Excellent freeway access; 3 docks and 3 drive‑in doors; High end flex building
    (216) 861-7200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin J. Kuczynski
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!