Mixed-Use Building with Warehouse
15316 Waterloo Rd, Cleveland, OH 44110
For Sale
$295,000
Street-facing display windows accompany gallery, office, and warehouse areas in a flexible commercial layout.
Property Size4,854 SF
Price / SF$60.77
Days on Market9
Property Features for 15316 Waterloo Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Mixed-Use Components
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Keller Williams Greater Metropolitan
Listed By:
Bob Zimmer · License #404374
(216) 406-5729
Source:
Centralohiohomeguide
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 6 at 5:48AM
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 Keller Williams Greater Metropolitan
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Investment Insights
Based on property information with market context.
This 4,854-square-foot mixed-use property at 15316 Waterloo Road combines customer-facing space with substantial work and storage areas. The ground floor contains approximately 1,700 square feet of gallery and office space alongside 2,550 square feet of warehouse area. A further 600 square feet of office space occupies the second floor. Large windows front Waterloo Road, providing display area for merchandise, artwork, or business signage.
The property is in Cleveland’s Waterloo Arts District and was built in 1930. Its configuration brings gallery, administrative, and warehouse functions together within one commercial building.
The property is in Cleveland’s Waterloo Arts District and was built in 1930. Its configuration brings gallery, administrative, and warehouse functions together within one commercial building.
Key Highlights
- 4,854‑square‑foot mixed‑use property
- Approximately 2,550 square feet of ground‑floor warehouse space
- Approximately 1,700 square feet of ground‑floor gallery and office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,215
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,300
$484.3K
Cap Rate 7%
$345,929
$345.9K
Cap Rate 9%
$269,056
$269.1K
Market Conditions
NOI Build-Up for 4,854 SF
Gross rent
$29.7K $6.12/SF
− Vacancy
−$1.2K −$0.25/SF
EGI
$28.5K $5.87/SF
− OpEx
−$4.3K −$0.88/SF
NOI
$24.2K $4.99/SF
Area
Cleveland, OH
Vacancy
4.10%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,300
Cap Rate 7%
$345,929
Cap Rate 9%
$269,056
Alternative Uses
Best Use
Retail
$666.2K
$582.9K – $777.3K
NOI $46,635 @ 7.0% cap · market cap 15.81%
Second Best
Mixed Use
$585.1K
$512.0K – $682.6K
NOI $40,956 @ 7.0% cap · market cap 13.88%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,917 @ 7.0% cap · market cap 28.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
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Business Placement
Demographics for 44110, OH
17,617
Population
11,140
Households
1.6
Avg Household Size
40
Median Age
13%
College-Educated
84%
High-School Grad
4.1 sq mi
ZIP Area
4,297
Density / Sq Mi
$30,973
Median Household Income
$28,263
Median Earnings
$821
Median Rent
$62,600
Median Home Value
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Market
Properties on Market for Mixed-use properties in Cleveland
Vacancy Rate% for Industrial in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-facing display windows accompany gallery, office, and warehouse areas in a flexible commercial layout.
Where is this mixed-use property located?
The property is located at 15316 Waterloo Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 4,854‑square‑foot mixed‑use property; Approximately 2,550 square feet of ground‑floor warehouse space; Approximately 1,700 square feet of ground‑floor gallery and office area
