Multi-Building Flex Industrial
For Sale
Contact for pricing
1310 E 260TH ST, Euclid, OH 44132
Two separately metered buildings offer drive-in access, office space, fenced storage, and additional yard capacity.
Property Size14,100 SF
Price / SF$42.48
Days on Market131
Property Features for 1310 E 260TH ST
General Information
Standard status
Active
Size
14,100 SF
Property subtype
Industrial
Zoning
Industrial and Manufacturing
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1969
Buildings
2
Stories
2
Units
3
Listing Agency:
Gatto Group Inc
Listed By:
Donny Gatto · License #2024006572
Source:
Crexi
Added: Apr 23
Changed: Aug 30
Last Checked: Aug 30 at 9:49PM
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 Gatto Group Inc
Investment Insights
Based on property information with market context.
This flex space property includes two industrial buildings totaling 14,100 square feet. The improvements provide multiple drive-in doors, compact office areas, fenced outdoor storage, and additional yard space. Separate metering for each building supports distinct operational configurations.
Built in 1969, the property is zoned Industrial and Manufacturing and is positioned near I-90 and SR-2 in Euclid, Ohio. The combination of enclosed industrial space, office components, exterior storage, and yard area accommodates a range of warehouse and service-oriented operations.
Built in 1969, the property is zoned Industrial and Manufacturing and is positioned near I-90 and SR-2 in Euclid, Ohio. The combination of enclosed industrial space, office components, exterior storage, and yard area accommodates a range of warehouse and service-oriented operations.
Key Highlights
- Two‑building flex property totaling 14,100 square feet
- Separate electric metering for each building
- Multiple drive‑in doors for industrial access
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
$50,926
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
8.50%
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%
$1,018,520
$1.0M
Cap Rate 7%
$727,514
$727.5K
Cap Rate 9%
$565,844
$565.8K
Market Conditions
NOI Build-Up for 14,100 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
$82.9K $5.88/SF
− Vacancy
−$4.6K −$0.32/SF
EGI
$78.3K $5.56/SF
− OpEx
−$27.4K −$1.94/SF
NOI
$50.9K $3.61/SF
Area
Cuyahoga County, OH
Vacancy
5.50%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
35.00%
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%
$1,018,520
Cap Rate 7%
$727,514
Cap Rate 9%
$565,844
Alternative Uses
Best Use
Warehouse
$11.30M
$9.89M – $13.18M
NOI $790,827 @ 7.0% cap · market cap 132.02%
Second Best
Industrial
$9.30M
$8.14M – $10.85M
NOI $651,270 @ 7.0% cap · market cap 108.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44132, OH
14,524
Population
7,586
Households
1.9
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
4,539
Density / Sq Mi
$46,014
Median Household Income
$36,284
Median Earnings
$1,031
Median Rent
$109,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Two separately metered buildings offer drive-in access, office space, fenced storage, and additional yard capacity.
Where is this flex space located?
The property is located at 1310 E 260TH ST Euclid, OH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑building flex property totaling 14,100 square feet; Separate electric metering for each building; Multiple drive‑in doors for industrial access
