The Lofts Apartment
New
For Sale
$19,000,000
1900 Euclid Ave, Cleveland, OH 44115
A Cleveland apartment property with a 1912 construction date.
Property Size128,008 SF
Days on Market2
Property Features for 1900 Euclid Ave
General Information
Standard status
Active
Size
128,008 SF
Property subtype
Multifamily
Building Details
Building Size
128,008 SF
Year Built
1912
Listing Agency:
SVN Wilson Commercial
Listed By:
Kristen Asman · License #OH #658012934
(614) 370-9077
Source:
Svnwilson
Added: Oct 7
Last Checked: Oct 7 at 2:32PM
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 SVN Wilson Commercial
Investment Insights
Based on property information with market context.
The Lofts is an apartment building at 1900 Euclid Ave in Cleveland, Ohio. The property was built in 1912.
Key Highlights
- Built in 1912
- Located at 1900 Euclid Ave in Cleveland, Ohio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,419,353
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,387,060
$28.4M
Cap Rate 7%
$20,276,471
$20.3M
Cap Rate 9%
$15,770,589
$15.8M
Market Conditions
NOI Build-Up for 128,008 SF
Gross rent
$2.69M $21.00/SF
− Vacancy
−$107.5K −$0.84/SF
EGI
$2.58M $20.16/SF
− OpEx
−$1.16M −$9.07/SF
NOI
$1.42M $11.09/SF
Area
Cleveland, OH
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,387,060
Cap Rate 7%
$20,276,471
Cap Rate 9%
$15,770,589
Alternative Uses
Best Use
Apartment 5plus
$20.28M
$17.74M – $23.66M
NOI $1,419,353 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$31.24M
$27.33M – $36.44M
NOI $2,186,663 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,684
Businesses Nearby
Explore this area
Business Placement
Demographics for 44115, OH
8,985
Population
5,691
Households
1.6
Avg Household Size
27
Median Age
34%
College-Educated
86%
High-School Grad
2.1 sq mi
ZIP Area
4,279
Density / Sq Mi
$21,293
Median Household Income
$27,515
Median Earnings
$850
Median Rent
$151,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - A Cleveland apartment property with a 1912 construction date.
Where is this apartment building located?
The property is located at 1900 Euclid Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $19,000,000.
What are key features of this property?
This property features: Built in 1912; Located at 1900 Euclid Ave in Cleveland, Ohio
