1200 E 38th St, Cleveland, OH
Two industrial buildings for sale, corner lot, freeway access.
- Added:
- Mar 17, 2025
- Days on Market:
- 457
- Last Refresh:
- May 20 at 8:33 pm
Property Features for 1200 E 38th St
General Information
- Standard status
- Active
- Size
- 3,237 SF
- Lot size
- 0.56 Acres
- Property subtype
- INDUSTRIAL
Listing agent Andrew Chess License #SAL.0000352968
Listing office Hanna Commercial Real Estate | Cleveland (216) 861-7200
Listing date Mar 17, 2025
Source Moodyscre
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
HighLights
- Two Freestanding Industrial Buildings (1,520 SF and 1,717 SF)
- Hard Corner Location
- Easy on‑access to the freeway
- 14' and 16' Drive‑In Doors
- Redevelopment Potential
- Great for Small Business Owners
Overview
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 | $29.1k | $9.00 |
| − Vacancy | −$1.7k | −$0.54 |
| EGI | $27.4k | $8.46 |
| − OpEx | −$9.6k | −$2.96 |
| NOI | $17.8k | $5.50 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Self Storage Depot — 3725 Croton Ave, Cleveland, OH 44115
- National Freezer — 2700 E 40th St #1, Cleveland, OH 44115
- Buckeye State Storage — Cleveland — 2844 Broadway Ave, Cleveland, OH 44115
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.666
- Latitude
- 41.5191