Mixed-Use Building with
New
For Sale
$295,000
15316 Waterloo Road, Cleveland, OH 44110
CommercialSale, Cleveland, OH
Property Size4,854 SF
Lot Size0.10 Acres
Price / SF$60.77
Days on Market2
Property Features for 15316 Waterloo Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
C W Moses
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
East of 152nd north of the freeway
Standard status
Active
APN
116-01-061
Lot size
0.10 Acres
Additional Details
Mixed-Use Components
gallery, office, warehouse
Property Use
Commercial
Taxes and HOA fees
Tax Year
2025
Tax Description
16 MOSES 0103 ALL
Tax Annual Amount
5308
Legal Description
16 MOSES 0103 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Buildings
1
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Bob Zimmer · License #404374
(216) 406-5729
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 at 4:06PM
MLS# 5257575
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This approximately 4,854-square-foot mixed-use building at 15316 Waterloo Road combines Waterloo-facing display windows with gallery, office, and warehouse areas. The ground floor includes gallery and office space alongside warehouse space, while a second-floor office offers additional administrative or workspace capacity. The building was constructed in 1930 and has forced-air heat and central air conditioning.
Public water and public sewer serve the property. Its mix of display, work, storage, and office areas supports a range of commercial configurations.
Public water and public sewer serve the property. Its mix of display, work, storage, and office areas supports a range of commercial configurations.
Key Highlights
- Approximately 4,854 square feet across mixed‑use space
- Waterloo Road‑facing display windows
- Ground‑floor gallery, office, and warehouse areas
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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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Explore this area
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
Vacancy Rate% for Industrial in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Mixed-use property - Gallery, office, and warehouse areas provide a combination of customer-facing and back-of-house space.
Where is this mixed-use property located?
The property is located at 15316 Waterloo Road 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: Approximately 4,854 square feet across mixed‑use space; Waterloo Road‑facing display windows; Ground‑floor gallery, office, and warehouse areas
