Manufacturing and Warehouse Facility with
For Sale
$3,750,000
29201 Anderson Road Wickliffe, Wickliffe, OH 44092
67,000-sf facility on 3.02 acres with seven drive-in doors, covered docks, and multiple 3- to 5-ton cranes.
Property Size67,000 SF
Lot Size3.02 Acres
Price / SF$55.97
Days on Market46
Property Features for 29201 Anderson Road Wickliffe
General Information
Standard status
Active
Size
67,000 SF
Lot size
3.02 Acres
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
7
Heavy Power
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$29,146
Amenities
true
Public
3.02
Assessor
67000
1
Building Details
Year Built
1987
Buildings
1
Listing Agency:
(330) 472-2967
Listed By:
Christina Moretti
(330) 472-2967
Source:
Christinamoretti.exprealty
Added: Jul 12
Changed: Aug 8
Last Checked: Aug 26 at 5:47AM
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 Christina Moretti
Investment Insights
Based on property information with market context.
This manufacturing and warehouse facility for sale offers a 67,000-sf industrial space with seven drive-in doors (12’ x 12’ and 12’ x 14’) plus one interior and one exterior covered dock. The building is equipped with air compressors and air lines, and features two 3-ton cranes and a 5-ton crane with tracks spanning the whole building.
Located at 29201 Anderson Road in Wickliffe, OH, the property is described as having easy access to major highways. Power is available as 800A/240V/3-phase with duct bar distribution throughout the facility, supporting heavier industrial operations.
The available systems and loading configuration are geared toward hands-on manufacturing or warehouse use, with interior and exterior covered dock service and substantial crane coverage across the building.
Located at 29201 Anderson Road in Wickliffe, OH, the property is described as having easy access to major highways. Power is available as 800A/240V/3-phase with duct bar distribution throughout the facility, supporting heavier industrial operations.
The available systems and loading configuration are geared toward hands-on manufacturing or warehouse use, with interior and exterior covered dock service and substantial crane coverage across the building.
Key Highlights
- 67,000 SF manufacturing/warehouse facility on 3.02 acres with 1 building
- Seven drive‑in doors: 12' x 12' and 12' x 14'
- Includes one interior and one exterior covered dock
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$313,153
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,263,060
$6.3M
Cap Rate 7%
$4,473,614
$4.5M
Cap Rate 9%
$3,479,478
$3.5M
Market Conditions
NOI Build-Up for 67,000 SF
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.
Gross rent
$382.6K $5.71/SF
− Vacancy
−$14.2K −$0.21/SF
EGI
$368.4K $5.50/SF
− OpEx
−$55.3K −$0.82/SF
NOI
$313.2K $4.67/SF
Area
Lake County, OH
Vacancy
3.70%
Lease Rate
$5.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,263,060
Cap Rate 7%
$4,473,614
Cap Rate 9%
$3,479,478
Alternative Uses
Best Use
Warehouse
$4.47M
$3.91M – $5.22M
NOI $313,153 @ 7.0% cap · market cap 8.35%
Second Best
Industrial
$3.68M
$3.22M – $4.30M
NOI $257,890 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$15.47M
$13.54M – $18.05M
NOI $1,083,220 @ 7.0% cap · market cap 28.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
7
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 44092, OH
16,786
Population
8,258
Households
2
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
2,268
Density / Sq Mi
$67,907
Median Household Income
$41,236
Median Earnings
$1,059
Median Rent
$167,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 67,000-sf facility on 3.02 acres with seven drive-in doors, covered docks, and multiple 3- to 5-ton cranes.
Where is this manufacturing property located?
The property is located at 29201 Anderson Road Wickliffe Wickliffe, OH.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 67,000 SF manufacturing/warehouse facility on 3.02 acres with 1 building; Seven drive‑in doors: 12' x 12' and 12' x 14'; Includes one interior and one exterior covered dock
