11910 Harvard Avenue Cleveland Cleveland, OH 44105
Multi-building light industrial property with office space, multiple drive-in doors, and overhead cranes.
- Added:
- Jul 10, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 1:53 am
Property Features for 11910 Harvard Avenue Cleveland
General Information
- Standard status
- Active
- Size
- 26,928 SF
Building Details
- Year Built
- 1942
Listing office (330) 590-5379
Listing date Jul 10, 2026
Source Akroncantonhomesonline
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All listing content including descriptions, pricing, images are the copyrighted material of Markie Smith
Investment Insights
Based on property information with market context.
Multiple tenants currently occupy different areas of the property, and there are no active leases. The site also includes generous outdoor area currently used for truck parking, and a side lot that may be divided for additional vehicle or trailer storage. The owner reports additional income opportunities through leasing both office spaces and monetizing the outdoor area.
The owner has completed updates including a complete tear-off and replacement of the main warehouse roof with new materials. The property also includes two on-site cell towers, which may provide additional value.
Key Highlights
- Light industrial‑zoned, multi‑building site with 26,928 sq ft total across 5 buildings (4 connected + 1 stand‑alone office)
- Includes 2,049 sq ft of office space, with the stand‑alone office fully renovated and front office downstairs remodeled
- Industrial features include 10 drive‑in doors and two overhead cranes
Local 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 | $242.4k | $9.00 |
| − Vacancy | −$14.5k | −$0.54 |
| EGI | $227.8k | $8.46 |
| − OpEx | −$79.7k | −$2.96 |
| NOI | $148.1k | $5.50 |
