High-Clearance Warehouse with
1200 E 49th St Cleveland, OH 44114
For Sale
Contact for pricing
Warehouse space with newly renovated offices and freshly painted interior, plus 0.79 acres for parking or outside storage.
Property Size10,260 SF
Lot Size0.79 Acres
Price / SF$58.48
Days on Market71
Property Features for 1200 E 49th St
General Information
Standard status
Active
Size
10,260 SF
Lot size
0.79 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cresco Real Estate | Cleveland
(216) 525-1487
Listed By:
Eliot Kijewski, SIOR
Source:
Moodyscre
Added: May 20
Changed: Jul 28
Last Checked: Jul 28 at 6:26AM
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 Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This offering includes high-clearance warehouse space with newly renovated offices and a freshly painted warehouse interior. The property also includes additional outdoor area totaling 0.79 acres, which can support parking, outside storage, or future expansion.
Located in the heart of Cleveland, the site provides access to Downtown Cleveland and major regional routes, including I-90, as well as Burke Lakefront Airport and the Cleveland Clinic Main Campus.
With warehouse space, office improvements, and outdoor acreage all on one parcel, the layout supports a variety of light industrial and distribution-oriented uses where higher clear height is beneficial.
Located in the heart of Cleveland, the site provides access to Downtown Cleveland and major regional routes, including I-90, as well as Burke Lakefront Airport and the Cleveland Clinic Main Campus.
With warehouse space, office improvements, and outdoor acreage all on one parcel, the layout supports a variety of light industrial and distribution-oriented uses where higher clear height is beneficial.
Key Highlights
- High‑clear‑height warehouse space available in the heart of Cleveland
- Newly renovated offices and freshly painted warehouse interior
- 0.79‑acre lot for ample parking, outside storage, or potential expansion
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 | $62.8k | $6.12 |
| − Vacancy | −$2.6k | −$0.25 |
| EGI | $60.2k | $5.87 |
| − OpEx | −$9.0k | −$0.88 |
| NOI | $51.2k | $4.99 |
10,260 SF · lease $6.12/SF/yr · vacancy 4.10% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$806.0K
$705.3K – $940.3K
NOI $56,420 @ 7.0% cap · market cap 9.40%
Second Best
Warehouse
$731.2K
$639.8K – $853.1K
NOI $51,184 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,264 @ 7.0% cap · market cap 29.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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- The Ware House — E 34th St, Cleveland, OH 44114
- United Towing Services, Inc. — 3929 Superior Ave, Cleveland, OH 44114
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space with newly renovated offices and freshly painted interior, plus 0.79 acres for parking or outside storage.
Where is this warehouse located?
The property is located at 1200 E 49th St Cleveland, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High‑clear‑height warehouse space available in the heart of Cleveland; Newly renovated offices and freshly painted warehouse interior; 0.79‑acre lot for ample parking, outside storage, or potential expansion
