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

    4639 Van Epps Rd Brooklyn Heights, OH

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

    High cube warehouse and office space for lease.

    Type:INDUSTRIAL
    Property size:
    51,825 SF
    Lot size:
    13.54 Acres
    Added:
    Nov 22, 2024
    Days on Market:
    523
    Last Refresh:
    Apr 5 at 8:25 pm

    Property Features for 4639 Van Epps Rd

    General Information

    Standard status
    Active
    Size
    51,825 SF
    Lot size
    13.54 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 4639 Van Epps Rd Contact us

    We can help!

    Listing Contact
    George Stevens, SIOR, CCIM
    George Stevens, SIOR, CCIM

    Listing agent George Stevens, SIOR, CCIM

    Listing office CBRE | Cleveland

    Listing date Nov 22, 2024

    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 CBRE | Cleveland

    Overview

    Brooklyn Heights Warehouse Space Available

    This property offers approximately 73,170 square feet of warehouse space with high cube design, divisible to 21,345 square feet. The property also includes office space. It is located in Brooklyn Heights, OH.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • Toy Storage Ohio — 5000 Van Epps Rd, Brooklyn Heights, OH 44131

    Map

    City
    Brooklyn Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6654
    Latitude
    41.4156

    Nearby Similar for Lease

    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Brooklyn Heights, OH.
      4605 Spring Road, Brooklyn Heights, OH 44131
      View Details
    • $5 SF/Yr

      Warehouse with Crane and Racking

      Clean warehouse space featuring crane, racking, and remodeled offices.
      4928 Schaaf Ln, Brooklyn Heights, OH
      View Details
    • Contact for pricing

      Brooklyn Heights Flex/Industrial/Office Space

      Versatile 10,224 SF flex, industrial, and office space for rent.
      950 Keynote Cir, Brooklyn Heights, OH
      View Details
    • $6 SF/Yr

      Freestanding Light-Industrial Flex Facility

      11,724 SF flex space with office and warehouse areas.
      4650 Spring Rd, Brooklyn Heights, OH
      View Details
    • Contact for pricing

      Brooklyn Heights Warehouse Space Available

      7,078 SF warehouse with office space near I-480.
      100 Hayes Dr, Brooklyn Heights, OH
      View Details
    • $6 SF/Yr

      Modern Industrial Space For Lease

      Modern industrial facility with high ceilings and convenient highway access.
      240 Tuxedo Ave, Brooklyn Heights, OH
      View Details
    • Contact for pricing

      Valley Business Park Flex Space

      Flex space in Valley Business Park, Brooklyn Heights, OH.
      5399 Lancaster Dr, Brooklyn Heights, OH
      View Details
    • Contact for pricing

      Industrial Distribution Facility in Brooklyn Heights

      Industrial and distribution facilities with front loading truck access.
      990 Valley Belt Rd, Brooklyn Heights, OH
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent in Brooklyn Heights, OH.
      925 Keynote Circle, Brooklyn Heights, OH, USA, Brooklyn Heights, OH, 44131
      View Details
    • Contact for pricing

      Brooklyn Heights Office Space

      Office space available for rent in Brooklyn Heights, Ohio.
      984 Keynote Cir, Brooklyn Heights , OH
      View Details
    • Contact for pricing

      Brooklyn Heights Flex/Industrial Space

      Flex/industrial space available for lease in Brooklyn Heights, OH.
      4906-4920 Van Epps Rd, Brooklyn Heights, OH
      View Details
    • Contact for pricing

      Single Story Office Building

      36,288 SF office building with highway exposure and ample parking.
      965 Keynote Cir, Brooklyn Heights, OH 44131
      View Details

    FAQs

    What type of property is this?
    Warehouse - High cube warehouse and office space for lease.
    Where is this warehouse located?
    The property is located at 4639 Van Epps Rd Brooklyn Heights, OH.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: ±73,170 SF Warehouse (High Cube); Divisible to 21,345 SF; Warehouse & Office
    (216) 687-1800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing George Stevens, SIOR, CCIM
    George Stevens, SIOR, CCIM
    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!