Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wickliffe Commercial Property for Lease Title is generated by Realmo AI

    1400 Worden Road, Wickliffe, OH 44092

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial property available for lease in Wickliffe, Ohio.

    Type:Office, Industrial
    Added:
    Oct 26, 2021
    Days on Market:
    1682
    Last Refresh:
    May 12 at 10:59 pm

    Property Features for 1400 Worden Road

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Spaces For Lease

    at 1400 Worden Road Contact us

    We can help!

    Listing Contact
    Brian Lenahan

    Listing agent Brian Lenahan License #BRKP.2013004016

    Listing office Premier Development Partners

    Listing date Oct 26, 2021

    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 Premier Development Partners

    HighLights

    • For Lease

    Overview

    This commercial property, located at 1400 Worden Road in Wickliffe, Ohio, is available for lease. It is classified as a mixed-use property, an office property, and an industrial property. The property can be used for a variety of commercial real estate purposes.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Wickliffe
    County
    Lake
    State
    Ohio
    Longitude
    -81.465667
    Latitude
    41.62073

    Nearby Similar for Lease

    • $2,000/Mo

      Prime Corner Commercial Space

      Highly visible Wickliffe commercial space with flexible layout.
      29436 Euclid Avenue, Wickliffe, OH 44092
      View Details
    • $5 SF/Yr
      16,665 SF

      Wickliffe Warehouse with Office Space

      16,665 SF warehouse with 1,750 SF office space.
      29315 Clayton Avenue, Wickliffe, OH, 44092
      View Details
    • Contact for pricing
      21,000 SF

      Wickliffe Warehouse/Office Space Available

      21,000 SF warehouse/office space for lease in Wickliffe, OH.
      29000 Lakeland Boulevard, Wickliffe, OH, 44092
      View Details
    • $4 SF/Yr
      46,088 SF

      Wickliffe Warehouse Space Available

      Industrial warehouse space available for lease in Wickliffe, Ohio.
      1351 Lloyd Road, Wickliffe, OH, 44092
      View Details
    • $4 SF/Yr
      50,000 SF

      Wickliffe Warehouse with Office Space

      19,556 SF warehouse with 1,000 SF office space.
      29325 Clayton Avenue, Wickliffe, OH, 44092
      View Details
    • $4 SF/Yr
      55,610 SF

      Wickliffe Warehouse Space Available

      55,610 SF warehouse space for lease in Wickliffe.
      29309 Clayton Avenue, Wickliffe, OH, 44092
      View Details
    • $14 SF/Yr
      2,000 SF

      Euclid Avenue Commercial Unit

      Well-kept commercial unit with flexible space on Euclid Avenue.
      29436 Euclid Ave, Wickliffe, OH 44092
      View Details
    • $18 SF/Yr
      1,800 SF

      Wickliffe Office Space Available

      1,800 SF office space for lease in Wickliffe, OH.
      2775 Bishop Rd, Wickliffe, OH
      View Details
    • Contact for pricing
      3,100 SF

      Wickliffe Office Space Available

      3,100 SF office space with freeway visibility and furnished offices.
      28960 Lakeland Boulevard, Wickliffe, OH, 44092
      View Details
    • Contact for pricing
      5,400 SF

      Wickliffe Warehouse with Drive-In Door

      5,400 SF warehouse with 16' ceilings and drive-in access.
      28914 Lakeland Boulevard, Wickliffe, OH, 44092
      View Details
    • Contact for pricing
      71,722 SF

      Wickliffe Warehouse Space Available

      71,722 sqft warehouse space for lease in Wickliffe, OH.
      1305 Lloyd Road, Wickliffe, OH, 44092
      View Details
    • Contact for pricing
      24,992 SF

      Updated Building on Bishop Road

      Modern retail building with expansion possibilities on high-traffic road.
      2821 Bishop Rd, Wickliffe, OH
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial property available for lease in Wickliffe, Ohio.
    Where is this mixed-use property located?
    The property is located at 1400 Worden Road Wickliffe, OH.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Lenahan
    Real Estate License ID: BRKP.2013004016
    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
    1400 Worden Road, Wickliffe, OH 44092
    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!