Sign Up Successful!
You now have access to more from Realmo!
    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

    1962 Warrensville Ctr Rd South Euclid, OH

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding building visible from Oakwood Commons entrance.

    Property size:
    2,800 SF
    Lot size:
    0.16 Acres

    Property Features for 1962 Warrensville Ctr Rd

    General Information

    Size
    2,800 SF
    Lot size
    0.16 Acres

    We can help!

    Listing Contact
    Craig Cohen
    Source: Moodyscre

    Listing Agent: Craig Cohen

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

    Learn more

    Overview

    Freestanding Building Near Oakwood Commons

    This freestanding building is situated at the intersection of Warrensville Center Road and E Antisdale Road. The property is visible from the entrance of Oakwood Commons and is adjacent to Cedar Center Hardware. Access is available from both the front and rear of the building. A parking lot is located behind the building. Nearby tenants include SuperWalmart, Target, Whole Foods, Grove, GFS, Burlington, TJ Maxx, Home Goods, Macys, Chipotle, Popeyes, Starbucks, Wingstop, Dunkin, and McDonalds. The property has a size of 2800 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    South Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5184553
    Latitude
    41.5231076

    Nearby Similar for Lease

    • Contact for pricing
      963 SF

      Retail Space on Cedar Road

      963 SF retail space available at high-visibility corner.
      14431-14439 Cedar Rd, South Euclid, OH
      View Details
    • Contact for pricing
      3,557 SF

      Marc's Plaza Retail Space

      High-traffic South Euclid retail space available.
      4505 Mayfield Rd, South Euclid, OH 44121
      View Details
    • Contact for pricing
      2,700 SF

      High-Traffic Retail Center Space

      Retail space available in a vibrant, high-traffic shopping center.
      13901-13971 Cedar Rd, South Euclid, OH
      View Details
    • Contact for pricing
      16,653 SF

      Retail Space in South Euclid

      Retail space available in a busy shopping center.
      1944-1960 Warrensville Ctr Rd, South Euclid, OH
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in South Euclid

      Retail space available in a busy shopping center.
      1832-1840 Warrensville Ctr Rd, South Euclid, OH
      View Details
    • Contact for pricing
      3,557 SF

      Retail Space in High-Traffic Area

      Retail space available at a high-traffic intersection in South Euclid.
      4497-4519 Mayfield Rd, South Euclid, OH
      View Details
    • $25 SF/Yr
      14,020 SF

      South Euclid Retail Space Available

      Retail space available for lease in South Euclid, Ohio.
      4460 Mayfield Rd, South Euclid, OH
      View Details
    • $11 SF/Yr
      3,340 SF

      South Euclid Office Space

      3,340 SF office space available for lease.
      4338 Mayfield Rd, South Euclid, OH
      View Details
    • Contact for pricing
      317,266 SF

      Oakwood Commons Retail Center

      Prime South Euclid Shopping Center Space Available
      1838 Warrensville Ctr Rd, South Euclid, OH 44118
      View Details

    FAQs

    What type of property is this?
    Office building - Freestanding building visible from Oakwood Commons entrance.
    Where is this office building located?
    The property is located at 1962 Warrensville Ctr Rd South Euclid, OH.
    What are key features of this property?
    This property features: - Freestanding building at a lit intersection of Warrensville Center & E Antisdale.; - High visibility location at the entrance of Oakwood Commons and adjacent to Cedar Center Hardware.; - Convenient access with entrances in the front and rear.
    (216) 223-5060
    Request Owner's contact information
    1962 Warrensville Ctr Rd South Euclid, 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.
    1962 Warrensville Ctr Rd
    South Euclid, 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
    1962 Warrensville Ctr Rd South Euclid, 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!
    Listing Contact
    Craig Cohen
    (216) 223-5060
    Learn more
    Google sign-in failed. Please try again or use another login method.