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    Warehouse Space with Overhead Door Title is generated by Realmo AI

    1766 E 133rd Street, East Cleveland, OH 44112

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    For Lease
    $2,000/Mo $3 SF/Yr (calc)

    COMMERCIAL - East Cleveland, OH

    Property size:
    6,240 SF
    Lot size:
    1.00 Acre
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 1766 E 133rd Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Gated, Driveway, Parking Lot
    Standard status
    Active
    APN
    671-06-012
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater, Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1928
    Floors in Building
    1
    Number of units
    3
    Roof type
    Flat

    We can help!

    Listing Contact
    Michael A Ferrante

    Listing agent Michael A Ferrante License #2019005741

    Listing office LPT Realty 7055 Engle Rd., Building 6-601, Middleburg Hts, OH

    Listing date Jun 2, 2026

    MLS# 5215669

    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.

    HighLights

    • Unit 2 at 1766 E 133rd St offers about 6,240 SF of open warehouse space with one overhead door
    • Recently renovated industrial building with concrete floors and overhead lighting
    • Gas heat with new space heaters being installed
    • 400 amp, 3‑phase electric service and ceiling height listed up to 16 ft
    • Gated parking with driveway and parking lot available
    • Unit 2 can expand by adding units 1 and/or 3 for up to about 17,500 total SF; loading ramp access not included with Unit 2

    Overview

    Unit 2 at 1766 E 133rd Street is an open warehouse/commercial space in a recently renovated industrial building. The unit includes one overhead door, concrete floors, overhead lighting, and gas heat. New space heaters are being installed, and the ceiling height is listed up to 16 feet. Power is available with a 400 amp, 3-phase electric service, suited to a range of working operations.

    The property is located in East Cleveland near Hayden and Eddy. Unit 2 does not include access to the loading ramp; however, units 1 and/or 3 can be added to create a larger contiguous area, with the opportunity to expand beyond Unit 2 for tenants seeking more space and additional access or improvements under acceptable lease terms. The building contains three leasable spaces, allowing for flexibility in tenancy size.

    This offering can work for a variety of commercial users, including warehouse and storage, contractor services, distribution, automotive, light manufacturing, and wholesale, as well as certain specialty uses such as printing, furniture, cabinetry, flooring, or landscaping, subject to zoning approval and tenant verification. Possession and buildout are negotiable, with terms available based on tenant requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Buzznbtipsy Portable Bartending Service — 457 Arbor Rd, Cleveland, OH 44108

    Location Insight

    • Map
    • Local Demand
    City
    East Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.590647
    Latitude
    41.530314

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    FAQs

    What type of property is this?
    Flex space - Open warehouse unit in a recently renovated East Cleveland industrial building, with concrete floors and 400-amp 3-phase power.
    Where is this flex space located?
    The property is located at 1766 E 133rd Street East Cleveland, OH.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Unit 2 at 1766 E 133rd St offers about 6,240 SF of open warehouse space with one overhead door; Recently renovated industrial building with concrete floors and overhead lighting; Gas heat with new space heaters being installed
    (216) 373-7727
    We can help!
    Listing Contact
    Michael A Ferrante
    Real Estate License ID: 2019005741
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    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.

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