Two-Story NNN
1299 W 9th Street, Cleveland, OH 44113
For Sale
$1,350,000
CommercialSale, Cleveland, OH
Property Size6,566 SF
Lot Size0.09 Acres
Price / SF$205.60
Days on Market150
Property Features for 1299 W 9th Street
General Information
Property type
Property subtype
Zoning description
Rooms
Parking features
Patio and Porch features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
second-floor outdoor deck/patio
full basement
billboard signage rights
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
Realty Professionals, Inc.
(440) 835-0272
Listed By:
Vincent Liuzzi · License #2022002940
(216) 912-2196
Added: Jun 12
Changed: Oct 25
Last Checked: Nov 8 at 12:06AM
MLS# 5242403
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,566-square-foot brick commercial building contains two stories of built-out hospitality space and a full basement. The property is 100% leased through two separate five-year NNN leases, with annual escalations scheduled through 2029. Tenant improvements are being completed on both floors, and neither tenant has begun operations. A second-floor outdoor patio adds usable exterior space, while exterior wall rights may support future billboard signage. The building was constructed in 1910 and includes central air, ductless cooling, heat pump and forced-air heating, public water, and public sewer.
Located at 1299 W 9th Street in Cleveland’s Warehouse District, the property sits between Johnson Court and West St. Clair Avenue. Playhouse Square, professional sports venues, and downtown residential development are nearby. Parking is available on street and offsite.
Located at 1299 W 9th Street in Cleveland’s Warehouse District, the property sits between Johnson Court and West St. Clair Avenue. Playhouse Square, professional sports venues, and downtown residential development are nearby. Parking is available on street and offsite.
Key Highlights
- 6,566‑square‑foot, two‑story brick commercial building with a full basement
- 100% leased under two separate five‑year NNN leases
- Annual lease escalations scheduled through 2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,083
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,660
$1.3M
Cap Rate 7%
$901,186
$901.2K
Cap Rate 9%
$700,922
$700.9K
Market Conditions
NOI Build-Up for 6,566 SF
Gross rent
$98.5K $15.00/SF
− Vacancy
−$8.4K −$1.28/SF
EGI
$90.1K $13.73/SF
− OpEx
−$27.0K −$4.12/SF
NOI
$63.1K $9.61/SF
Area
Cleveland, OH
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,660
Cap Rate 7%
$901,186
Cap Rate 9%
$700,922
Alternative Uses
Best Use
Retail
$901.2K
$788.5K – $1.05M
NOI $63,083 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,162 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,955
Businesses Nearby
Explore this area
Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for NNN properties in Cuyahoga County
Vacancy Rate% for Retail in Cleveland, OH
Frequently Asked Questions
What type of property is this?
NNN property - Fully leased brick commercial building with hospitality buildouts, basement storage, and a second-floor patio.
Where is this nnn property located?
The property is located at 1299 W 9th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 6,566‑square‑foot, two‑story brick commercial building with a full basement; 100% leased under two separate five‑year NNN leases; Annual lease escalations scheduled through 2029
