Add Listing
    For Lease
    • 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

    9601 Granger Rd Garfield Heights, OH

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

    Newly improved warehouse space available for sublease in Garfield Heights.

    Property size:
    13,600 SF
    Lot size:
    4.01 Acres

    Property Features for 9601 Granger Rd

    General Information

    Size
    13,600 SF
    Lot size
    4.01 Acres

    We can help!

    Listing Contact
    Jason Laver, Sior
    Source: Moodyscre

    Listing Agency: Cresco Real Estate | Cleveland Listing Agent: Jason Laver, Sior

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

    Learn more

    Overview

    Warehouse Space in Garfield Heights

    This property offers a sublease of newly improved warehouse space situated in a desirable industrial neighborhood. Exterior improvements to the property include facade upgrades, a new concrete parking lot, and fresh landscaping. The facility offers long-term leasing capability and includes a fitness room and sauna. The available warehouse space measures 9,400 square feet and features one truck dock and a 20-foot clear height. The property is located in close proximity to Big Boys, a local coffee shop, Burger King, and other establishments. The total property size is 13,600 square feet and is located at 9601 Granger Rd, Garfield Heights, OH.
    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 Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Garfield Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6059581
    Latitude
    41.4169974

    Nearby Similar for Lease

    • $6 SF/Yr
      13,614 SF

      Warehouse and Office Flex Space

      Warehouse and office flex park with spaces available for lease.
      15601 Neo Pkwy, Garfield Heights, OH 44128
      View Details
    • Contact for pricing

      Accessible Central Location Office/Retail Space

      Office and retail spaces available in central Garfield Heights location.
      Garfield Heights, OH 44125
      View Details
    • $14 SF/Yr
      7,145 SF

      Garfield Heights Office Suites for Lease

      Multiple suites, flexible sizes, all utilities included.
      5706 Turney Rd, Garfield Heights, OH 44125
      View Details
    • $14 SF/Yr
      3,507 SF

      Garfield Heights Flex/Industrial Space

      Flex/industrial space for rent, convenient highway access.
      15401-15491 Neo Pkwy, Garfield Heights, OH 44128
      View Details
    • Contact for pricing

      Garfield Heights Triplex Units For Rent

      Three triplex units available for rent in Garfield Heights.
      10717 Park Heights Ave, Garfield Heights, OH 44125
      View Details
    • $12 SF/Yr
      8,760 SF

      Southside Corporate Center Office Suites

      Garfield Heights Office Space: Flexible layouts, prime location.
      5595 Transportation Blvd, Garfield Heights, OH 44125
      View Details
    • Contact for pricing
      5,121 SF

      Vista Way Retail Spaces Available

      Class A Retail/Office in Garfield Heights, OH
      9501 Vista Way, Garfield Heights, OH 44125
      View Details
    • Contact for pricing
      5,848 SF

      Garfield Heights Business Park Redevelopment

      New business park with industrial, office, and retail spaces.
      5670-5686 Vista Way, Garfield Heights, OH 44125
      View Details
    • Contact for pricing
      3,616 SF

      Office Space in Highland Park

      Office space available in redeveloped Highland Park business park.
      5646 Vista Way, Garfield Heights, OH 44125
      View Details
    • Contact for pricing
      32,000 SF

      Office Building with Signage Package

      Office space for rent with frontage and economic incentives.
      10500 Antenucci Blvd, Garfield Heights, OH
      View Details
    • $18 SF/Yr
      4,380 SF

      Vista Way Restaurant Space Available

      Prime Restaurant Location, I-480 Visibility
      9401 Vista Way, Garfield Heights, OH 44125
      View Details

    FAQs

    What type of property is this?
    Warehouse - Newly improved warehouse space available for sublease in Garfield Heights.
    Where is this warehouse located?
    The property is located at 9601 Granger Rd Garfield Heights, OH.
    What are key features of this property?
    This property features: - Newly improved warehouse space in a desirable industrial neighborhood.; - Long-term leasing capability.; - Includes Fitness Room & Sauna.
    (216) 520-1200 Call to check price and availability
    Request Owner's contact information
    9601 Granger Rd Garfield 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.
    9601 Granger Rd
    Garfield 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
    9601 Granger Rd Garfield 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
    Jason Laver, Sior
    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!