Industrial Building with Outdoor
2148 Lakeside Ave Cleveland, OH
For Sale
Contact for pricing
6,000 SF industrial building with vacant land for sale.
Property Size6,000 SF
Lot Size0.17 Acres
Price / SF$66.50
Days on Market501
Property Features for 2148 Lakeside Ave
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.17 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Hanna Commercial Real Estate | Cleveland
(216) 861-5379
Listed By:
Gregory B. West · License #SAL.2001014166
Source:
Moodyscre
Added: Mar 17, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:53AM
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 Hanna Commercial Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This is a 6,000 square foot freestanding industrial building available for sale. It features ample outdoor storage space. Vacant land is situated on the building's east side, making it ideal for outdoor storage. The building has a clear height of 20 feet and includes two drive-in doors, each measuring 12 feet wide by 14 feet high. It is equipped with 480 3-phase power. The property benefits from convenient highway access to OH-2, with a traffic volume of 88,285 vehicles per day, and I-90, which sees 113,784 vehicles per day. Local shopping and restaurants are located nearby.
Key Highlights
- 6,000 SF freestanding industrial building with ample outdoor storage
- Vacant land on the east side ideal for outdoor storage
- Great highway access to OH‑2 and I‑90
Financial Insights For Warehouse
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 | $36.7k | $6.12 |
| − Vacancy | −$1.5k | −$0.25 |
| EGI | $35.2k | $5.87 |
| − OpEx | −$5.3k | −$0.88 |
| NOI | $29.9k | $4.99 |
6,000 SF · lease $6.12/SF/yr · vacancy 4.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$427.6K
$374.2K – $498.9K
NOI $29,932 @ 7.0% cap · market cap 7.50%
Second Best
Industrial
$352.1K
$308.1K – $410.8K
NOI $24,650 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,493 @ 7.0% cap · market cap 25.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- DR Vault — 1717 Superior Ave, Cleveland, OH 44114
- Data Harbor Company — 1525 Rockwell Ave, Cleveland, OH 44114
- Clicks Document Management - Available 24 hrs — 815 Superior Ave Suite 714, Cleveland, OH 44114
- Extra Space Storage — 3005 Chester Ave, Cleveland, OH 44114
- Berea Square Storage Facility — 1110 Euclid Ave # 300, Cleveland, OH 44115
Frequently Asked Questions
What type of property is this?
Warehouse - 6,000 SF industrial building with vacant land for sale.
Where is this warehouse located?
The property is located at 2148 Lakeside Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 6,000 SF freestanding industrial building with ample outdoor storage; Vacant land on the east side ideal for outdoor storage; Great highway access to OH‑2 and I‑90
