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    Modern Industrial Space in Strongsville Title is generated by Realmo AI

    14460 Foltz Pkwy, Strongsville, OH 44149

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    31,987 SF industrial space with modern amenities available for lease.

    Type:INDUSTRIAL
    Property size:
    31,987 SF
    Added:
    May 19, 2026
    Days on Market:
    13
    Last Refresh:
    May 19 at 9:31 pm

    Property Features for 14460 Foltz Pkwy

    General Information

    Standard status
    Active
    Size
    31,987 SF
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 14460 Foltz Pkwy Contact us

    We can help!

    Listing Contact
    Connor McCoy

    Listing agent Connor McCoy

    Listing office Newmark | Cleveland

    Listing date May 19, 2026

    Source Moodyscre

    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 Newmark | Cleveland

    HighLights

    • Modern 31,987 SF industrial space built in 2020.
    • Enjoy 100% air conditioned space with humidity control and 32’ clear height.
    • Excellent access to I‑71 and I‑80 (Ohio Turnpike).
    • Features 4 dock doors with levelers, seals, and bumpers, plus 1 drive‑in door.
    • Equipped with ESFR sprinklers and 400A, 480V, 3‑phase power.
    • Includes 36 exclusive parking spaces and monument signage opportunity.

    Overview

    This modern industrial space, constructed in 2020, offers 31,987 square feet, including 31,087 square feet of warehouse space and 900 square feet of office space. The building features precast concrete construction and a 32-foot clear height. It is fully air-conditioned with humidity control and equipped with ESFR sprinklers. The warehouse includes 4 dock doors, each measuring 9 feet by 10 feet, complete with levelers, seals, and bumpers, as well as 1 drive-in door measuring 12 feet by 16 feet. The property has 400A, 480V, 3-phase power, and LED lighting providing 30–70 foot-candles. The column spacing is designed for efficiency, with 60-foot by 60-foot speed bays and 45-foot by 45-foot spacing. The office area includes an open area, a conference room, a kitchenette, and restrooms. There are 36 exclusive parking spaces available. The property provides an opportunity for monument signage and offers excellent access to I-71 and I-80 (Ohio Turnpike).
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Nail Salon Pharmacy Gym & Fitness Center Auto Parts Store

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

    Similar Places Nearby

    • Fox Fire Protection — 21931 Lunn Rd, Strongsville, OH 44149
    • Lunn Road Storage — 21931 Lunn Rd, Strongsville, OH 44149
    • Shaheen Moving & Storage Services — 17000 Foltz Industrial Pkwy, Strongsville, OH 44149

    Location Insight

    • Map
    • Local Demand
    City
    Strongsville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.871279
    Latitude
    41.30814

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    FAQs

    What type of property is this?
    Warehouse - 31,987 SF industrial space with modern amenities available for lease.
    Where is this warehouse located?
    The property is located at 14460 Foltz Pkwy Strongsville, OH.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Modern 31,987 SF industrial space built in 2020.; Enjoy 100% air conditioned space with humidity control and 32’ clear height.; Excellent access to I‑71 and I‑80 (Ohio Turnpike).
    (216) 861-3040 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Connor McCoy
    Learn More
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    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
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