Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    1500 E 219 St Euclid, OH

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

    Heavy manufacturing and warehouse space with cranes, power & yard.

    Type:INDUSTRIAL
    Property size:
    119,000 SF
    Lot size:
    7.88 Acres
    Price / SF:
    $24/SF
    Added:
    May 28, 2024
    Days on Market:
    704
    Last Refresh:
    Apr 5 at 9:32 pm

    Property Features for 1500 E 219 St

    General Information

    Standard status
    Active
    Size
    119,000 SF
    Lot size
    7.88 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Conor Toomey

    Listing agent Conor Toomey

    Listing office Colliers | Cleveland

    Listing date May 28, 2024

    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 Colliers | Cleveland

    Overview

    Manufacturing and Warehouse Space Available

    This property offers between 40,000 and 119,000 square feet of space suitable for heavy manufacturing and warehouse use. It features two 30-ton bridge cranes on site. The property includes two docks and three drive-in doors. Clear heights range from 15 to 27.5 feet. The east building has 1,600 Amps of power and various 1/2 to 2-ton units. The column spacing varies throughout the building. The property is equipped with an ordinary hazard sprinkler system and gas-fired units for warehouse heating. Recent upgrades include new driveways in 2024, LED lighting throughout, and new heaters installed in 2023-24. Additional docks can be added to suit specific needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5212
    Latitude
    41.5721

    Nearby Similar for Sale

    • $199,999

      Retail Building on High-Traffic Street

      Turnkey retail building with established tenant in a prime location.
      524 E 200th Street, Euclid, OH 44119
      View Details
    • $279,000

      Retail/Service Building with Income

      Two-story commercial building on E. 185th Street retail corridor.
      669 E 185th Street E, Euclid, OH 44119
      View Details
    • $135,000

      Renovated Commercial Building Ready

      Renovated commercial building suitable for various uses.
      1451 E 193rd Street, Euclid, OH 44117
      View Details
    • $399,999

      Turnkey Bar & Grill Opportunity

      Bar, grill, real estate, and equipment included in sale.
      21702 Saint Clair Avenue, Euclid, OH 44117
      View Details
    • $300,000
      2,549 SF

      Sprawling Multi-Family Home on Acreage

      Unique property on nearly five acres of protected woodland.
      22791 Harms Road, Euclid, OH 44143
      View Details
    • $199,900
      1,656 SF

      Solid Brick Duplex with Garage

      Euclid duplex with income potential, garage, and recent updates.
      275 E 200th Street, Euclid, OH 44119
      View Details
    • $350,000

      Versatile Warehouse Space For Sale

      Multi-tenant warehouse with flexible layout, ideal for industrial and storage.
      1440 Dille Road, Euclid, OH 44117
      View Details
    • $149,900
      1,608 SF

      Euclid Duplex: Turnkey Investment

      Fully occupied duplex near downtown Euclid generating $2,095 monthly income.
      19830 Monterey Avenue, Euclid, OH 44119
      View Details
    • $140,000
      2,071 SF

      Euclid Duplex: Income Opportunity

      Income-producing duplex in Euclid with separate entrances and utilities.
      19326 Tyronne Avenue, Euclid, OH 44119
      View Details
    • $182,500

      Remodeled Duplex with Income Potential

      Fully remodeled duplex with potential for additional income.
      18627 Abby Avenue, Euclid, OH 44119
      View Details
    • $229,900

      Well-Maintained Brick Duplex Opportunity

      Updated duplex near major roadways, ideal for owner-occupants or investors.
      890 E 250th Street, Euclid, OH 44132
      View Details
    • $336,800

      Euclid Multifamily Property Near Lake

      Well-maintained triplex near Lake Erie, close to Cleveland.
      21051 S Lake Shore Boulevard, Euclid, OH 44123
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Heavy manufacturing and warehouse space with cranes, power & yard.
    Where is this manufacturing property located?
    The property is located at 1500 E 219 St Euclid, OH.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Heavy manufacturing and warehouse space available.; Benefit from **two 30T bridge cranes on site.**; SF Available: 40,000 – 119,000 SF.
    (440) 539-9649 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Conor Toomey
    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

    1500 E 219 St, Euclid, OH

    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!