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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: Oct 5 Last Checked: Oct 14 at 7:49PM

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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.

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 / Yr

$50,926

Cap Rate

8.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,018,520 $1.0M

Cap Rate 7%

$727,514 $727.5K

Cap Rate 9%

$565,844 $565.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,100 SF

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 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 (±1% cap)

NOI $790,827 @ 7.0% cap · market cap 132.02%

Second Best

Industrial

$9.30M

$8.14M – $10.85M (±1% cap)

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. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Electrical Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Parking Lot & Garage Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Similar Off Market Nearby

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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