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

    2060 South Taylor Rd Cleveland Heights, OH

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

    Two-story office building with attached parking lot and recent renovations.

    Property size:
    13,372 SF
    Lot size:
    0.45 Acres

    Property Features for 2060 South Taylor Rd

    General Information

    Size
    13,372 SF
    Lot size
    0.45 Acres

    We can help!

    Listing Contact
    Denise Hahn
    Denise Hahn
    Source: Moodyscre

    Listing Agent: Denise Hahn

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

    Learn more

    Overview

    Renovated Office Building For Sale

    This two-story building features an attached parking lot. Recent upgrades include new windows and HVAC systems. The lower level has been fully renovated. The layout is suitable for offices, schools, or child and adult daycare facilities, presenting an opportunity for both owner-users and investors. The property has a size of 13372 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6089873
    Latitude
    41.5091257

    Nearby Similar for Sale

    • New
      $575,000
      Pending

      Updated Triplex in Little Italy

      Fully updated triplex near University Circle with income potential.
      2420 Overlook Rd, Cleveland Heights, OH 44106
      View Details
    • New
      $550,000
      Pending

      Updated Triplex in Little Italy

      Impeccably maintained triplex in Cleveland's Little Italy neighborhood.
      2410 Overlook Rd, Cleveland Heights, OH 44106
      View Details
    • New
      $314,999
      3,474 SF

      Updated Duplex in Cleveland Heights

      Income-generating duplex, ideal for investors or owner-occupants.
      3423 Beechwood Ave, Cleveland Heights, OH 44118
      View Details
    • New
      $389,000
      2,594 SF

      Cleveland Heights Multifamily Investment Opportunity

      Multifamily property near Coventry, Cleveland Clinic, and University Hospitals.
      2671 Hampshire Rd, Cleveland Heights, OH 44106
      View Details
    • New
      $330,000
      3,789 SF

      Spacious Cleveland Heights Side-by-Side Duplex

      Cleveland Heights duplex with eight bedrooms and income potential.
      3235 Oak Rd, Cleveland Heights, OH 44118
      View Details
    • New
      $229,900
      2,466 SF

      Cleveland Heights Duplex with Garage

      Well-maintained duplex with sunroom, deck, shared basement and garage.
      876 Eloise Dr, Cleveland Heights, OH 44112
      View Details
    • $399,000
      3,472 SF

      Cleveland Heights Triplex with Garage

      Triplex with three units, garage, and convenient location.
      2819 E Derbyshire Rd, Cleveland Heights, OH 44118
      View Details
    • $309,900
      3,278 SF

      Updated Triplex in Cleveland Heights

      Well-maintained triplex with updated units, new roof, and plumbing.
      1676 Glenmont Rd, Cleveland Heights, OH 44118
      View Details
    • $169,900
      3,020 SF

      Cleveland Heights Duplex Investment Opportunity

      Cash-flowing duplex in Cleveland Heights with immediate income potential.
      917 Helmsdale Rd, Cleveland Heights, OH 44112
      View Details
    • $164,999
      Pending

      Turnkey Duplex with Bonus Lot

      Income-producing duplex with two units and additional lot included.
      935 Ravine Dr, Cleveland Heights, OH 44112
      View Details
    • $299,999
      Pending

      Cleveland Heights Duplex: Income Potential

      Spacious duplex with immediate income and upside potential in Cleveland Heights.
      3837 Mayfield Rd, Cleveland Heights, OH 44121
      View Details
    • $379,000
      0.13 Acres

      Cleveland Heights Triplex Investment Opportunity

      Charming triplex in Cleveland Heights with income potential.
      2245 Bellfield Ave, Cleveland Heights, OH 44106
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with attached parking lot and recent renovations.
    Where is this office building located?
    The property is located at 2060 South Taylor Rd Cleveland Heights, OH.
    What are key features of this property?
    This property features: - New windows and HVAC systems ensure energy efficiency and comfort.; - Attached parking lot for convenient access.; - Fully renovated lower level, perfect for a variety of uses.
    (216) 464-7100 Call to check price and availability
    Request Owner's contact information
    2060 South Taylor Rd Cleveland Heights, 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.
    2060 South Taylor Rd
    Cleveland Heights, 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
    2060 South Taylor Rd Cleveland Heights, 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 Denise Hahn
    Denise Hahn
    (216) 464-7100 (216) 359-0311
    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!