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

    4840-4860 Northfield Rd North Randall, OH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces for lease near Amazon Fulfillment Center.

    Property size:
    1,950 SF
    Lot size:
    1.24 Acres

    Property Features for 4840-4860 Northfield Rd

    General Information

    Size
    1,950 SF
    Lot size
    1.24 Acres

    We can help!

    Listing Contact
    Catherine Lueckel
    Catherine Lueckel
    Source: Moodyscre

    Listing Agency: Matthews Real Estate Investment Services | Cleveland Listing Agent: Catherine Lueckel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Spaces Near Amazon Center

    Three retail spaces are available for lease. The property is located directly in front of the CLE 2 Amazon Fulfillment Center, which brings approximately 2,000 employees to the area. The location offers easy access to I-480 and I-271, near the corner of Northfield Rd and N Miles Rd. Excellent visibility is provided, with monument signage available. The property is situated in a densely populated Cleveland submarket. The property size is 5,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    North Randall
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5256766
    Latitude
    41.4347758

    Nearby Similar for Lease

    • New
      $7,000 /Mo
      55,016 SF

      North Randall Commercial Space Available

      High-visibility commercial space with auto repair and body shop features.
      4635 Northfield Rd, North Randall, OH 44128
      View Details
    • New
      $4,500 /Mo
      55,016 SF

      North Randall Auto Repair Facility

      Established auto repair facility with 7 bays for lease.
      4635 Northfield Rd, North Randall, OH 44128
      View Details
    • Contact for pricing
      23,259 SF

      North Randall Retail Center Investment

      High-traffic retail space available.
      4601 Northfield Rd, North Randall, OH 44128
      View Details
    • Contact for pricing
      1,700 SF

      Retail Plaza on Northfield Road

      Retail space available in North Randall with pylon signage.
      4880 Northfield Rd, North Randall, OH
      View Details
    • $2,000 /Mo
      1,700 SF

      Retail Space Near Amazon Center

      Retail space available near Amazon fulfillment center with 2,000 employees.
      4836 Northfield Rd, North Randall, OH
      View Details
    • Contact for pricing
      47,250 SF

      Modern Distribution Center Near Amazon

      94,500 SF distribution center adjacent to Amazon fulfillment center.
      20801 Miles Rd, North Randall, OH
      View Details
    • Contact for pricing
      88,081 SF

      Industrial Warehouse Space Available

      Industrial warehouse space featuring ESFR sprinklers and cross-dock configuration.
      20801 Miles, North Randall, OH
      View Details
    • Contact for pricing
      9,915 SF

      Warehouse Space Near Amazon Center

      Warehouse/storage space available near Amazon Fulfillment Center.
      4601 Northfield Rd, North Randall, OH
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on Warrensville Road

      1,600 sq ft retail space available for lease.
      4614-4654 Warrensville Ctr Rd, North Randall, OH
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail spaces for lease near Amazon Fulfillment Center.
    Where is this strip mall located?
    The property is located at 4840-4860 Northfield Rd North Randall, OH.
    What are key features of this property?
    This property features: - Located directly in front of the CLE 2 Amazon Fulfillment Center.; - **±2,000 employees from Amazon Fulfillment Center provide immediate customer base.**; - Easy access to I-480 & I-271.
    (330) 703-1996 Call to check price and availability
    Request Owner's contact information
    4840-4860 Northfield Rd North Randall, OH
    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.
    4840-4860 Northfield Rd
    North Randall, OH
    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
    4840-4860 Northfield Rd North Randall, OH
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Catherine Lueckel
    Catherine Lueckel
    Real Estate License ID: SAL2014001126
    (330) 703-1996 (866) 889-0550 (216) 503-3596
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!