1224 Huron Rd, Cleveland, OH
New mixed-use building with residential and retail units.
- Added:
- Sep 27, 2024
- Days on Market:
- 626
- Last Refresh:
- May 20 at 9:12 pm
Property Features for 1224 Huron Rd
General Information
- Standard status
- Active
- Size
- 17,424 SF
- Lot size
- 0.10 Acres
- Property subtype
- RETAIL
Listing agent Joe Zumpano License #SAL.2015004596 (330) 990-0847
Listing office Hoff & Leigh (330) 990-0847
Listing date Sep 27, 2024
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 Hoff & Leigh
HighLights
- New mixed‑use residential building (9 residential, 1 retail) in the Theater District.
- Recipient of the 2018 Downtown Cleveland Alliance Development award.
- Located in Playhouse Square, Cleveland, Ohio.
- Starr Piano Lofts.
- Rapidly growing Theater District location.
- Located at 1224 Huron Rd, Cleveland, OH 44115.
Overview
Local Financial Insights For Apartment 5plus
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 | $365.9k | $21.00 |
| − Vacancy | −$14.6k | −$0.84 |
| EGI | $351.3k | $20.16 |
| − OpEx | −$158.1k | −$9.07 |
| NOI | $193.2k | $11.09 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6826
- Latitude
- 41.5002
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