Renovated Industrial Property with
For Sale
Contact for pricing
6675 Parkland Blvd, Solon, OH
Renovated industrial property featuring docks, drive-in access, and ample parking.
Property Size102,990 SF
Lot Size20.82 Acres
Price / SF$111.61
Days on Market826
Property Features for 6675 Parkland Blvd
General Information
Standard status
Active
Size
102,990 SF
Lot size
20.82 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Industrial Commercial Properties LLC
(216) 570-2270
Listed By:
Austin Semarjian
(216) 570-2270
Source:
Moodyscre
Added: Apr 26, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:25AM
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 Industrial Commercial Properties LLC
Investment Insights
Based on property information with market context.
This newly renovated industrial property offers suites ranging from approximately 22,343 to 94,000 square feet. The building features five docks, with the potential for additional docks, and one drive-in door. The entire building is fully air-conditioned and benefits from high levels of natural light. Private entrances are available. The property provides over 450 parking spaces. It is located in close proximity to US Route 422 and Interstate 480.
Key Highlights
- Suites ranging from 22,343 SF - 94,000 SF +/-
- Close proximity to US Rte 422 & I‑480
- 5 Docks (potential for additional docks)**
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $605.6k | $5.88 |
| − Vacancy | −$33.3k | −$0.32 |
| EGI | $572.3k | $5.56 |
| − OpEx | −$200.3k | −$1.94 |
| NOI | $372.0k | $3.61 |
102,990 SF · lease $5.88/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$82.52M
$72.21M – $96.27M
NOI $5,776,405 @ 7.0% cap · market cap 50.25%
Second Best
Industrial
$67.96M
$59.46M – $79.28M
NOI $4,757,039 @ 7.0% cap · market cap 41.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Loctite Corporation — 6875 Parkland Blvd, Cleveland, OH 44139
- King Nut DISTRIBUTION CENTER — 30600 Carter St, Solon, OH 44139
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated industrial property featuring docks, drive-in access, and ample parking.
Where is this warehouse located?
The property is located at 6675 Parkland Blvd Solon, OH.
What is the asking price?
The asking price for this property is $11,495,000.
What are key features of this property?
This property features: Suites ranging from **22,343 SF - 94,000 SF +/-**; Close proximity to US Rte 422 & I‑480; 5 Docks (potential for additional docks)**
