High-Clearance Warehouse with
For Sale
Contact for pricing
1200 E 49th St, Cleveland, OH 44114
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 Market117
Property Features for 1200 E 49th St
General Information
Standard status
Active
Size
10,260 SF
Lot size
0.79 Acres
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Properties For Sale
at 1200 E 49th St Contact us- Floor
- Bldg
- Size
- 10,260 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1200 E 49th St
- High clear height warehouse space available in the heart of Cleveland
- Incredible...
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Contact us
Listing Agency:
Cresco Real Estate | Cleveland
(216) 520-1200
Listed By:
Eliot Kijewski, SIOR
(216) 525-1487
Source:
Moodyscre
Added: May 20
Changed: Aug 23
Last Checked: Sep 13 at 11:15AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,023,680
$1.0M
Cap Rate 7%
$731,200
$731.2K
Cap Rate 9%
$568,711
$568.7K
Market Conditions
NOI Build-Up for 10,260 SF
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.
Gross rent
$62.8K $6.12/SF
− Vacancy
−$2.6K −$0.25/SF
EGI
$60.2K $5.87/SF
− OpEx
−$9.0K −$0.88/SF
NOI
$51.2K $4.99/SF
Area
Cleveland, OH
Vacancy
4.10%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,023,680
Cap Rate 7%
$731,200
Cap Rate 9%
$568,711
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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44114, OH
7,622
Population
5,151
Households
1.5
Avg Household Size
32
Median Age
47%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
2,541
Density / Sq Mi
$45,400
Median Household Income
$39,915
Median Earnings
$1,296
Median Rent
$112,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Cleveland, OH
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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
