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 Market162
Property Features for 1200 E 49th St
General Information
Standard status
Active
Size
10,260 SF
Lot size
0.79 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Goodrich Kirtland
Highway Access
Yes
Properties For Sale
at 1200 E 49th St
1200 E 49th St
AVAILABLE, Now
Floor
Bldg
Size
10,260 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
- High clear height warehouse space available in the heart of Cleveland
- Incredible access to Downtown Cleveland, I-90, Burke
Lakefront Airport, Cleveland Clinic Main Campus and more!
- 0.79 acres allows for ample parking, outside storage or
expansion
- Newly renovated offices and freshly painted warehouse
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: Oct 28 at 11:00AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$51,184
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
