Two-Building Asset in Warrensville
For Sale
Contact for pricing
22019 Emery Rd, Warrensville Heights, OH 44128
Two-building asset leased to Georgio’s Pizza and Starr Automotive.
Property Size6,350 SF
Price / SF$109.45
Days on Market1114
Property Features for 22019 Emery Rd
General Information
Standard status
Active
Size
6,350 SF
Property subtype
Retail
Listing Agency:
Goodman Real Estate Services Group LLC
(216) 381-8200
Listed By:
Kyle Hartung · License #OH SAL.2003016343
Source:
Crexi
Added: Jul 13, 2023
Changed: Jul 10
Last Checked: Jul 30 at 9:12AM
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 Goodman Real Estate Services Group LLC
Investment Insights
Based on property information with market context.
This property features two freestanding buildings in Warrensville Heights, Ohio, leased to Georgio’s Oven Fresh Pizza and Starr Automotive. The asset offers an attractive cap rate of 8.5%. Georgio’s Pizza faces Emery Road, and Starr Automotive has been a tenant since 1995. Georgio’s is responsible for their own daily property maintenance, leaving minimal landscaping and snowplowing as the landlord responsibility for the Starr Automotive parcel. The property is located within blocks of the North Randall Amazon Fulfillment Center (900,000 SF), JACK Thistledown Racino, Cuyahoga Community College, and Heinen’s food manufacturing. The surrounding area includes national retailers such as ALDI, Wendy’s, KFC, Taco Bell, Popeyes, CVS, Burger King, Sherwin-Williams, Planet Fitness, and Save-A-Lot.
Key Highlights
- High 8.5% Cap Rate
- Two Freestanding Buildings with Existing Tenants
- Tenants Include Georgio’s Oven Fresh Pizza and Starr Automotive
Financial Insights For Retail
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 | $95.3k | $15.00 |
| − Vacancy | −$8.6k | −$1.35 |
| EGI | $86.7k | $13.65 |
| − OpEx | −$26.0k | −$4.10 |
| NOI | $60.7k | $9.56 |
6,350 SF · lease $15.00/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$4.19M
$3.67M – $4.89M
NOI $293,302 @ 7.0% cap · market cap 42.20%
Second Best
Specialty Retail
$992.4K
$868.3K – $1.16M
NOI $69,466 @ 7.0% cap · market cap 10.00%
Theoretical Best
Warehouse
$5.09M
$4.45M – $5.94M
NOI $356,153 @ 7.0% cap · market cap 51.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44128, OH
28,146
Population
14,184
Households
2
Avg Household Size
41
Median Age
18%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,198
Density / Sq Mi
$44,615
Median Household Income
$32,719
Median Earnings
$957
Median Rent
$90,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-building asset leased to Georgio’s Pizza and Starr Automotive.
Where is this conventional restaurant located?
The property is located at 22019 Emery Rd Warrensville Heights, OH.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: High 8.5% Cap Rate; Two Freestanding Buildings with Existing Tenants; Tenants Include Georgio’s Oven Fresh Pizza and Starr Automotive
