Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Forest Hills Shopping Center Retail Title is generated by Realmo AI

    13520 Euclid Ave, East Cleveland, OH 44112

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-visibility shopping center in East Cleveland with long-term growth potential.

    Type:Retail
    Property size:
    66,515 SF
    Lot size:
    4.00 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    50
    Last Refresh:
    Mar 25 at 8:52 pm

    Property Features for 13520 Euclid Ave

    General Information

    Standard status
    Active
    Size
    66,515 SF
    Lot size
    4.00 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1981

    We can help!

    Listing Contact
    Arthur Kaplan

    Listing agent Arthur Kaplan License #OH SAL.2014001626

    Listing office Anchor Retail

    Listing date Mar 24, 2026

    Source Crexi

    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 Anchor Retail

    HighLights

    • High‑visibility location at a heavily‑traveled, signalized intersection
    • Located in a dense urban trade area with over 140,000 residents within 3 miles
    • Strong mix of national, regional, and local tenants
    • Abundant front and rear parking with multiple access points and new signage
    • Proximity to University Circle, Cleveland Clinic Main Campus, University Hospitals, and Forest Hill Park
    • Excellent transit access via on‑site bus stops and proximity to the RTA Superior Rapid Station

    Overview

    Forest Hills Shopping Center is a neighborhood retail center located at the signalized intersection of Euclid Avenue and Superior Avenue in East Cleveland. The property includes over 66,000 square feet of single-story retail space on four acres. It features front and rear parking, multiple access points, and new signage. The center benefits from a dense urban trade area with over 140,000 residents within three miles. The tenant mix includes national, regional, and local businesses. The location is near University Circle, the Cleveland Clinic Main Campus, University Hospitals, and Forest Hill Park. On-site bus stops and proximity to the RTA Superior Rapid Station provide transit access. The property offers long-term growth potential.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Forest Hills Shopping Center — East Cleveland, OH 44112

    Location Insight

    • Map
    • Local Demand
    City
    East Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5888673
    Latitude
    41.5232112

    Nearby Similar for Sale

    • $234,900
      2,924 SF

      Renovated Duplex in East Cleveland

      Fully renovated duplex with strong cash flow potential.
      1523 Hillcrest Road, East Cleveland, OH 44118
      View Details
    • $274,999
      3,900 SF

      Cash-Flowing Triplex in East Cleveland

      Rare, well-maintained brick triplex with immediate cash flow.
      1812 Hastings Avenue, East Cleveland, OH 44112
      View Details
    • $69,500
      2,274 SF

      Spacious Duplex with Investment Potential

      East Cleveland duplex with value-add potential for investors.
      1427 E 133rd Street, East Cleveland, OH 44112
      View Details
    • $65,000

      Income-Producing Duplex with Finished Suite

      East Cleveland duplex with third-floor suite, great investment opportunity.
      1286 E 134th Street, East Cleveland, OH 44112
      View Details
    • $45,000
      1,698 SF

      East Cleveland Duplex Opportunity

      Duplex in Cleveland, great potential for rental income.
      1276 E 133rd Street, East Cleveland, OH 44112
      View Details
    • $109,900
      3,048 SF

      East Cleveland Turnkey Duplex

      Tenant-occupied duplex with immediate rental income potential in East Cleveland.
      14520 Dover Avenue, East Cleveland, OH 44112
      View Details
    • $160,000
      4,094 SF

      Updated Three-Family Home

      Updated three-family home with income potential in East Cleveland.
      1333 E 142nd Street, East Cleveland, OH 44112
      View Details
    • $159,900
      2,864 SF

      East Cleveland Multifamily Value-Add Opportunity

      Three-unit property with income potential near University Circle.
      1526 Eddington Road, East Cleveland, OH 44118
      View Details
    • $115,000
      2,056 SF

      East Cleveland Duplex: Investor Special

      Tenant-occupied duplex in East Cleveland, offering immediate income potential.
      1723 Noble Road, East Cleveland, OH 44112
      View Details
    • $40,000
      1,992 SF

      East Cleveland Duplex Renovation Opportunity

      Value-add duplex needing full renovation in East Cleveland.
      1238 E 145th Street, East Cleveland, OH 44112
      View Details
    • $185,000
      4,440 SF

      Income-Generating Duplex in East Cleveland

      Two-unit duplex with income potential for investors or owner-occupants.
      1760 Carlyon Road, East Cleveland, OH 44112
      View Details
    • $147,500
      4,529 SF

      Remodeled Triplex Near Cleveland Heights

      Fully occupied, remodeled triplex with separate utilities and high cap rate.
      1602 Hillcrest Road, East Cleveland, OH 44118
      View Details

    FAQs

    What type of property is this?
    Shopping center - High-visibility shopping center in East Cleveland with long-term growth potential.
    Where is this shopping center located?
    The property is located at 13520 Euclid Ave East Cleveland, OH.
    What are key features of this property?
    This property features: High‑visibility location at a heavily‑traveled, signalized intersection; Located in a dense urban trade area with over 140,000 residents within 3 miles; Strong mix of national, regional, and local tenants
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Arthur Kaplan
    Real Estate License ID: OH SAL.2014001626
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    13520 Euclid Ave, East Cleveland, OH 44112
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!