Two-Building Flex
19200 Miles Road, Warrensville Heights, OH 44128
For Sale
$375,000
Pending
Office and warehouse areas are paired with a heated rear building for additional functional space.
Property Size5,447 SF
Days on Market181
Property Features for 19200 Miles Road
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Office Build-Out
Drive-In Doors
Additional Details
Fenced Yard
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Kiko
(330) 453-9187
Listed By:
Jack W Kiko · License #2003007797
(330) 206-0174
Source:
Kimberlysrealtycorp
Added: May 12
Changed: Nov 7
Last Checked: Nov 7 at 2:19PM
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 Kiko
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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 flex property comprises two buildings with 5,447 square feet total. The main building includes 432 square feet of remodeled office space and a 2,722-square-foot open warehouse with 13-foot ceilings. A separate 2,293-square-foot rear building offers heated space, an office area, three insulated overhead doors, a man door, and 11-foot ceilings.
Improvements include a Daikin HVAC system with ductwork, an insulated 10-foot garage door, updated bathrooms and lighting, glass block windows, and an insulated roof with a 30-year material warranty. The rear building has updated siding, gutters, glass block windows, fire-retardant ceiling covers, and UFO LED lighting. The property also has a fenced asphalt lot and a new asphalt parking area.
Improvements include a Daikin HVAC system with ductwork, an insulated 10-foot garage door, updated bathrooms and lighting, glass block windows, and an insulated roof with a 30-year material warranty. The rear building has updated siding, gutters, glass block windows, fire-retardant ceiling covers, and UFO LED lighting. The property also has a fenced asphalt lot and a new asphalt parking area.
Key Highlights
- 5,447 square feet across two buildings
- Main building includes 432 square feet of office space and a 2,722‑square‑foot warehouse
- Rear building offers 2,293 square feet of heated space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,673
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,460
$393.5K
Cap Rate 7%
$281,043
$281.0K
Cap Rate 9%
$218,589
$218.6K
Market Conditions
NOI Build-Up for 5,447 SF
Gross rent
$32.0K $5.88/SF
− Vacancy
−$1.8K −$0.32/SF
EGI
$30.3K $5.56/SF
− OpEx
−$10.6K −$1.94/SF
NOI
$19.7K $3.61/SF
Area
Cuyahoga County, OH
Vacancy
5.50%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,460
Cap Rate 7%
$281,043
Cap Rate 9%
$218,589
Alternative Uses
Best Use
Warehouse
$4.36M
$3.82M – $5.09M
NOI $305,506 @ 7.0% cap · market cap 81.47%
Second Best
Industrial
$3.59M
$3.14M – $4.19M
NOI $251,593 @ 7.0% cap · market cap 67.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44128, OH
28,146
Population
14,184
Households
2
Avg Household Size
41
Median Age
18%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,198
Density / Sq Mi
$44,615
Median Household Income
$32,719
Median Earnings
$957
Median Rent
$90,200
Median Home Value
Market
Properties on Market for Flex space in Cuyahoga County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are paired with a heated rear building for additional functional space.
Where is this flex space located?
The property is located at 19200 Miles Road Warrensville Heights, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 5,447 square feet across two buildings; Main building includes 432 square feet of office space and a 2,722‑square‑foot warehouse; Rear building offers 2,293 square feet of heated space
