Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29000 Lakeland Blvd Wickliffe, OH 44092

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    21,000 SF warehouse/office space for lease in Wickliffe, OH.

    Property size:
    21,000 SF
    Lot size:
    21,000 SF

    Property Features for 29000 Lakeland Blvd

    General Information

    Standard status
    Active
    Size
    21,000 SF

    We can help!

    Listing Contact
    Michael Toth
    Source: Cbre

    Listing Agent: Michael Toth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Wickliffe Warehouse/Office Space Available

    This property offers a ±21,000 SF warehouse/office building. The space includes a 2,000 SF office/training room equipped with restrooms and a kitchenette. The building features LED lighting and 400 amp / 240V / 3 phase power. Unit 1 comprises 10,000 SF, including a 2,000 SF office/training room and an 8,000 SF warehouse with a newly installed oversized drive-in door, available for $4,100 per month. Unit 2 offers 5,000 SF, consisting of a small shop office and one drive-in door, priced at $1,900 per month. Unit 3 provides a 6,000 SF warehouse with one drive-in door, available for $2,300 per month.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Figmant Storage Units, Near2Me Storage Units, Two Men and a Truck Moving and Storage, Storage King USA

    Location Insight

    • Map
    • Local Demand
    City
    Wickliffe
    County
    Lake
    State
    Ohio
    Longitude
    -81.486233
    Latitude
    41.609008

    Nearby Similar for Lease

    • $4 SF/Yr
      50,000 SF

      Wickliffe Warehouse with Office Space

      19,556 SF warehouse with 1,000 SF office space.
      29325 Clayton Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      24,992 SF

      Updated Building on Bishop Road

      Modern retail building with expansion possibilities on high-traffic road.
      2821 Bishop Rd, Wickliffe, OH 44092
      View Details
    • Contact for pricing

      Euclid Avenue Commercial Unit

      Well-kept commercial unit with flexible space on Euclid Avenue.
      29436 Euclid Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing

      Craned Industrial Facility For Rent

      Industrial facility with crane in strategic location available for rent.
      29201 Anderson Rd, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      1,800 SF

      Wickliffe Office Space Available

      1,800 SF office space for lease in Wickliffe, OH.
      2775 Bishop Rd, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      41,329 SF

      Wickliffe Industrial Space Available

      Industrial space available for lease in Wickliffe, Ohio.
      1305-1311 Lloyd Rd, Wickliffe, OH 44092
      View Details
    • Contact for pricing

      Wickliffe Retail Opportunity For Rent

      5,244 SF retail building on 1.28 acres available for rent.
      28711 Euclid Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      8,500 SF

      Retail Space in High Traffic

      Neighborhood center with retail, office, and showroom zoning.
      29229-29231 Euclid Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing

      Suites Available on Euclid Avenue

      Two suites available at signalized corner with monument signage.
      29215 Euclid Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing

      Wickliffe Commercial Property for Lease

      Commercial property available for lease in Wickliffe, Ohio.
      1400 Worden Rd, Wickliffe, OH 44092
      View Details

    FAQs

    What type of property is this?
    Warehouse - 21,000 SF warehouse/office space for lease in Wickliffe, OH.
    Where is this warehouse located?
    The property is located at 29000 Lakeland Blvd Wickliffe, OH.
    What are key features of this property?
    This property features: - ±21,000 SF Warehouse/Office Building; - 400 amp / 240V / 3 phase power available; - 2,000 SF office/training room with restrooms and kitchenette
    (216) 901-0130
    Request Owner's contact information
    29000 Lakeland Blvd Wickliffe, OH 44092
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29000 Lakeland Blvd
    Wickliffe, OH 44092
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29000 Lakeland Blvd Wickliffe, OH 44092
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Toth
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!