Freestanding Steel
For Sale
Contact for pricing
17121 Munn Road, Chagrin Falls, OH 44023
Steel storage building with industrial zoning and outdoor storage capacity for equipment, fleets, and materials.
Property Size4,700 SF
Lot Size22.00 Acres
Price / SF$123.40
Days on Market57
Property Features for 17121 Munn Road
General Information
Standard status
Active
Size
4,700 SF
Lot size
22.00 Acres
Property subtype
Industrial
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Land Use
industrial
Building Details
Buildings
1
Building Size
4,700 SF
Construction
steel
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
Alex Valletto · License #OH 2023000834
Source:
Crexi
Added: Sep 1
Changed: Oct 26
Last Checked: Oct 26 at 2:23PM
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 Cushman & Wakefield | CRESCO Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding steel warehouse contains approximately 4,700 square feet configured for maintenance and storage. The property also includes approximately 22 acres that support industrial outdoor storage, heavy equipment, service fleets, and material staging.
The site is zoned I-1 General Industrial and provides access to US-422 through E Washington Street, with SR 44 also nearby in the access route. The combination of an enclosed maintenance and storage building with substantial outdoor area accommodates both building-based and yard-oriented industrial operations.
The site is zoned I-1 General Industrial and provides access to US-422 through E Washington Street, with SR 44 also nearby in the access route. The combination of an enclosed maintenance and storage building with substantial outdoor area accommodates both building-based and yard-oriented industrial operations.
Key Highlights
- Approximately 4,700 SF steel outbuilding
- Approximately 22 acres with industrial outdoor storage capability
- Configured for maintenance and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,297
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,940
$705.9K
Cap Rate 7%
$504,243
$504.2K
Cap Rate 9%
$392,189
$392.2K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$44.6K $9.48/SF
− Vacancy
−$3.0K −$0.64/SF
EGI
$41.5K $8.84/SF
− OpEx
−$6.2K −$1.33/SF
NOI
$35.3K $7.51/SF
Area
Geauga County, OH
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,940
Cap Rate 7%
$504,243
Cap Rate 9%
$392,189
Alternative Uses
Best Use
Warehouse
$504.2K
$441.2K – $588.3K
NOI $35,297 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$946.7K
$828.4K – $1.10M
NOI $66,269 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44023, OH
19,075
Population
7,679
Households
2.5
Avg Household Size
50
Median Age
57%
College-Educated
99%
High-School Grad
51.6 sq mi
ZIP Area
370
Density / Sq Mi
$130,452
Median Household Income
$59,853
Median Earnings
$2,396
Median Rent
$421,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- E Z Storage Solutions Llc — 17290 Munn Rd, Chagrin Falls, OH 44023
Frequently Asked Questions
What type of property is this?
Warehouse - Steel storage building with industrial zoning and outdoor storage capacity for equipment, fleets, and materials.
Where is this warehouse located?
The property is located at 17121 Munn Road Chagrin Falls, OH.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Approximately 4,700 SF steel outbuilding; Approximately 22 acres with industrial outdoor storage capability; Configured for maintenance and storage
