Flex & Warehouse Facility with Furnished
1490 East 191st Street, Euclid, OH 44117
For Sale
Contact for pricing
Move-in ready, air-conditioned flex space with 18’ clear warehouse, docks and drive-ins, plus furnished offices and lab-ready buildout.
Property Size46,000 SF
Lot Size0.48 Acres
Price / SF$0.00
Days on Market218
Property Features for 1490 East 191st Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Heavy Power
Additional Details
Business Included
Fenced Yard
Listing Agency:
Hoff & Leigh
(330) 940-9360
Listed By:
Cole Kroneker · License OH SAL.2024000334
(216) 302-4338
Source:
Hoffleigh
Added: Apr 7
Changed: Nov 1
Last Checked: Nov 10 at 5:04AM
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 Hoff & Leigh
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Investment Insights
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This fully built-out flex and warehouse facility is designed for day-one operations, with 100% air-conditioned interior space that can be divided from approximately 10,000 to 15,000 square feet up to the full building. Inside, the property includes private offices, laboratories, and conference areas, all supported by lab-ready features and emergency eye wash stations. The warehouse component offers 18’ clear height with two docks and four drive-in doors, with floor drains and hose hookup. The site is supported by 800A/208V, 3-phase power, compressed air distributed throughout, and retractable air compressors plus hanging 115 and 220 outlets. Furnished office space is included, featuring a kitchen/cafeteria, laundry area, and private showers.
The property includes a gated and fenced yard with outdoor parking, totaling approximately 0.48 acres (about 21,500 square feet). The City of Euclid granted light-industrial use inside the building, supporting a range of light industrial and specialized operational needs. Natural light and outdoor seating are additional interior and site amenities.
With air-conditioned flex space, a functional dock-and-drive-in warehouse, and utility and lab support, this building is well suited for contractors, light manufacturing, and specialized laboratory users looking to consolidate functions under one roof while retaining the ability to accommodate different operational footprints.
The property includes a gated and fenced yard with outdoor parking, totaling approximately 0.48 acres (about 21,500 square feet). The City of Euclid granted light-industrial use inside the building, supporting a range of light industrial and specialized operational needs. Natural light and outdoor seating are additional interior and site amenities.
With air-conditioned flex space, a functional dock-and-drive-in warehouse, and utility and lab support, this building is well suited for contractors, light manufacturing, and specialized laboratory users looking to consolidate functions under one roof while retaining the ability to accommodate different operational footprints.
Key Highlights
- Fully built‑out operational hub in Euclid with light‑industrial use approved inside the building.
- Up to 46,000 SF of 100% air‑conditioned space, divisible from 10,000–15,000 SF.
- 18’ clear height warehouse with 2 docks and 4 drive‑in doors, plus floor drains and hose hookup.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,142
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,322,840
$3.3M
Cap Rate 7%
$2,373,457
$2.4M
Cap Rate 9%
$1,846,022
$1.8M
Market Conditions
NOI Build-Up for 46,000 SF
Gross rent
$270.5K $5.88/SF
− Vacancy
−$14.9K −$0.32/SF
EGI
$255.6K $5.56/SF
− OpEx
−$89.5K −$1.94/SF
NOI
$166.1K $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%
$3,322,840
Cap Rate 7%
$2,373,457
Cap Rate 9%
$1,846,022
Alternative Uses
Best Use
Office B
$7.06M
$6.17M – $8.23M
NOI $493,861 @ 7.0% cap
Second Best
Flex RnD
$2.37M
$2.08M – $2.77M
NOI $166,142 @ 7.0% cap
Theoretical Best
Office A
$8.54M
$7.48M – $9.97M
NOI $598,147 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
2
Dock-high doors
4
Drive-in doors
Turnkey business
Opportunity
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44117, OH
10,533
Population
5,320
Households
2
Avg Household Size
49
Median Age
20%
College-Educated
91%
High-School Grad
3.8 sq mi
ZIP Area
2,772
Density / Sq Mi
$41,818
Median Household Income
$35,966
Median Earnings
$877
Median Rent
$137,100
Median Home Value
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Market
Properties on Market for Flex space in Cuyahoga County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- T — 919 London Rd down, Cleveland, OH 44110
Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready, air-conditioned flex space with 18’ clear warehouse, docks and drive-ins, plus furnished offices and lab-ready buildout.
Where is this flex space located?
The property is located at 1490 East 191st Street Euclid, OH.
What are key features of this property?
This property features: Fully built‑out operational hub in Euclid with light‑industrial use approved inside the building.; Up to 46,000 SF of 100% air‑conditioned space, divisible from 10,000–15,000 SF.; 18’ clear height warehouse with 2 docks and 4 drive‑in doors, plus floor drains and hose hookup.
