Avon Flex Building on
37207 Colorado Avenue Avon, OH 44011
For Sale
$725,000
11,000 sq ft flex building on 1.31 acres.
Property Size11,000 SF
Lot Size1.31 Acres
Price / SF$65.91
Days on Market123
Property Features for 37207 Colorado Avenue
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 1.31 Acres
- Property subtype
- Industrial
Listing Agency:
(216) 363-6450
Listed By:
Jenna Gauntner
(216) 363-6450
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 25 at 2:49AM
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 Jenna Gauntner
Investment Insights
Based on property information with market context.
This property features an 11,000 square foot building suited for retail or flexible uses, situated on 1.31 acres. The site is located in Avon, offering potential for various business operations. The property includes excess land, presenting opportunities for building or parking expansion, or complete redevelopment. It has 121 feet of frontage on Colorado Avenue, located 750 feet northwest of the Colorado Avenue and Detroit Road intersection.
Key Highlights
- 11,000 sq ft quasi‑retail/flex building.
- 1.31 acres of land in the heart of Avon.
- Opportunity for building/parking expansion or redevelopment.
Financial Insights For Flex RnD
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 | $72.6k | $6.60 |
| − Vacancy | −$2.5k | −$0.23 |
| EGI | $70.1k | $6.37 |
| − OpEx | −$24.5k | −$2.23 |
| NOI | $45.5k | $4.14 |
11,000 SF · lease $6.60/SF/yr · vacancy 3.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$650.5K
$569.2K – $759.0K
NOI $45,538 @ 7.0% cap · market cap 6.28%
Second Best
Industrial
$593.7K
$519.5K – $692.6K
NOI $41,556 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$2.77M
$2.43M – $3.23M
NOI $194,040 @ 7.0% cap · market cap 26.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- TBS Avon Pool Concessions — 36265 Detroit Rd, Avon, OH 44011
FAQs
What type of property is this?
Flex space - 11,000 sq ft flex building on 1.31 acres.
Where is this flex space located?
The property is located at 37207 Colorado Avenue Avon, OH.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 11,000 sq ft quasi‑retail/flex building.; 1.31 acres of land in the heart of Avon.; Opportunity for building/parking expansion or redevelopment.
