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    4677 Manufacturing Rd Cleveland, OH

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    For Sale
    $3,150,000

    NNN lease industrial property with long-term tenant near airport.

    Property size:
    41,081 SF
    Lot size:
    1.91 Acres

    Property Features for 4677 Manufacturing Rd

    General Information

    Size
    41,081 SF
    Lot size
    1.91 Acres

    Source: Passov Real Estate Group Agent Dan Lariccia

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

    Overview

    Industrial Property Near Cleveland Airport

    The property is an industrial building occupied by WABTEC (NYSE: WAB), who recently exercised a 5-year lease extension. The lease is an absolute NNN lease, with no landlord obligations, and is corporately guaranteed by WABTEC, which has a credit rating of "BBB-" by Fitch and a $17B market capitalization value. The property is located less than one mile from Cleveland International Airport, NASA Glenn Research Center, and the Cleveland IX Center. Recent upgrades include a complete roof replacement in 2019 and a new HVAC system in 2018. The restrooms and common areas of the office space are scheduled for complete renovation this year. The industrial park is currently 98% occupied. The tenant has invested more than $350,000 of its own funds in capital improvements and also occupies an adjacent 90,000 square foot building. The property size is 41,081 square feet and is located on Manufacturing Road in Cleveland, OH.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.630913
    Latitude
    41.48079

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    FAQs

    What type of property is this?
    Manufacturing property - NNN lease industrial property with long-term tenant near airport.
    Where is this manufacturing property located?
    The property is located at 4677 Manufacturing Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: - Absolute NNN Lease with no Landlord obligations.; - Corporate Guarantee by WABTEC (NYSE: WAB) with a “BBB-” credit rating by Fitch and $17B market capitalization.; - WABTEC, a decades-long occupant, recently exercised a 5-year lease extension.
    (216) 453-3082
    Request Owner's contact information
    4677 Manufacturing Rd Cleveland, OH
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    Cleveland, OH
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    Realmo Value Estimation

    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.

    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.

    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
    4677 Manufacturing Rd Cleveland, OH
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