Storefront
For Sale
$1,158,000
13390 York Road, North Royalton, OH 44133
Retail space is offered for sale in North Royalton, Ohio.
Property Size10,911 SF
Days on Market66
Property Features for 13390 York Road
General Information
Standard status
Active
Size
10,911 SF
Property subtype
Retail - Street Retail
Building Details
Building Size
10,911 SF
Listing Agency:
Encore Real Estate Investment Services
(248) 702-0947
Listed By:
Leonard Minuto
Source:
Commercialcafe
Added: Jun 26
Changed: Aug 30
Last Checked: Aug 30 at 1:22PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This storefront property is located at 13390 York Road in North Royalton, Ohio. The surrounding community provides access to dining, shopping, parks, and regional transportation connections, including Interstate 71.
The property is positioned within Cuyahoga County, with access to the Greater Cleveland area and nearby regional destinations. Southpark Mall and North Royalton City Centre are among the shopping and entertainment destinations identified in the surrounding area.
The property is positioned within Cuyahoga County, with access to the Greater Cleveland area and nearby regional destinations. Southpark Mall and North Royalton City Centre are among the shopping and entertainment destinations identified in the surrounding area.
Key Highlights
- 13390 York Road, North Royalton, OH 44133
- Located in Cuyahoga County
- Proximity to Interstate 71
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
$104,255
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
9.00%
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%
$2,085,100
$2.1M
Cap Rate 7%
$1,489,357
$1.5M
Cap Rate 9%
$1,158,389
$1.2M
Market Conditions
NOI Build-Up for 10,911 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
$163.7K $15.00/SF
− Vacancy
−$14.7K −$1.35/SF
EGI
$148.9K $13.65/SF
− OpEx
−$44.7K −$4.10/SF
NOI
$104.3K $9.56/SF
Area
Cuyahoga County, OH
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,085,100
Cap Rate 7%
$1,489,357
Cap Rate 9%
$1,158,389
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.74M
NOI $104,255 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.74M
$7.65M – $10.20M
NOI $611,966 @ 7.0% cap · market cap 52.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44133, OH
31,373
Population
14,514
Households
2.2
Avg Household Size
45
Median Age
39%
College-Educated
96%
High-School Grad
21.4 sq mi
ZIP Area
1,466
Density / Sq Mi
$81,803
Median Household Income
$48,430
Median Earnings
$1,061
Median Rent
$276,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Timeless Moments — 11798 York Rd, North Royalton, OH 44133
Frequently Asked Questions
What type of property is this?
Storefront property - Retail space is offered for sale in North Royalton, Ohio.
Where is this storefront property located?
The property is located at 13390 York Road North Royalton, OH.
What is the asking price?
The asking price for this property is $1,158,000.
What are key features of this property?
This property features: 13390 York Road, North Royalton, OH 44133; Located in Cuyahoga County; Proximity to Interstate 71
