Light Industrial Multi-Building
11910 Harvard Avenue Cleveland Cleveland, OH 44105
11910 Harvard Avenue Cleveland, Cleveland, OH, 44105
$2,000,000
Pending
For Sale
$2,000,000
Pending
Multi-building light industrial property with office space, multiple drive-in doors, and overhead cranes.
Property Size26,928 SF
Days on Market9
Property Features for 11910 Harvard Avenue Cleveland
General Information
- Standard status
- Pending
- Size
- 26,928 SF
Building Details
- Year Built
- 1942
Listing Agency
(330) 590-5379
Listed by
Markie Smith
(330) 590-5379
Source
Akroncantonhomesonline
Added: Jul 10 Checked: Jul 17 at 2:40 am
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 Markie Smith
Investment Insights
Based on property information with market context.
This light industrial-zoned property includes five buildings: four connected structures plus a stand-alone office and two office areas within the complex. The total space is 26,928 square feet, including 2,049 square feet of office. One stand-alone office has been fully renovated and is move-in ready, and the front office downstairs has also been remodeled. One office area is zoned for a car lot, and there are 10 drive-in doors providing access across the spaces. One of the buildings includes two overhead cranes suitable for industrial or manufacturing operations.
Multiple tenants currently occupy different areas of the property, and there are no active leases. The site also includes generous outdoor area currently used for truck parking, and a side lot that may be divided for additional vehicle or trailer storage. The owner reports additional income opportunities through leasing both office spaces and monetizing the outdoor area.
The owner has completed updates including a complete tear-off and replacement of the main warehouse roof with new materials. The property also includes two on-site cell towers, which may provide additional value.
Multiple tenants currently occupy different areas of the property, and there are no active leases. The site also includes generous outdoor area currently used for truck parking, and a side lot that may be divided for additional vehicle or trailer storage. The owner reports additional income opportunities through leasing both office spaces and monetizing the outdoor area.
The owner has completed updates including a complete tear-off and replacement of the main warehouse roof with new materials. The property also includes two on-site cell towers, which may provide additional value.
Key Highlights
- Light industrial‑zoned, multi‑building site with 26,928 sq ft total across 5 buildings (4 connected + 1 stand‑alone office)
- Includes 2,049 sq ft of office space, with the stand‑alone office fully renovated and front office downstairs remodeled
- Industrial features include 10 drive‑in doors and two overhead cranes
Local 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 | $242.4k | $9.00 |
| − Vacancy | −$14.5k | −$0.54 |
| EGI | $227.8k | $8.46 |
| − OpEx | −$79.7k | −$2.96 |
| NOI | $148.1k | $5.50 |
26,928 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.12M
$1.85M – $2.47M
NOI $148,077 @ 7.0% cap · market cap 7.40%
Second Best
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,336 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$6.57M
$5.75M – $7.67M
NOI $459,991 @ 7.0% cap · market cap 23.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Transport Specialty
Trucking Company
Cleveland Auto Wholesalers
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Multi-building light industrial property with office space, multiple drive-in doors, and overhead cranes.
Where is this flex space located?
The property is located at 11910 Harvard Avenue Cleveland Cleveland, OH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Light industrial‑zoned, multi‑building site with 26,928 sq ft total across 5 buildings (4 connected + 1 stand‑alone office); Includes 2,049 sq ft of office space, with the stand‑alone office fully renovated and front office downstairs remodeled; Industrial features include 10 drive‑in doors and two overhead cranes
