Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Commercial Flex Space Title is generated by Realmo AI

    19200 Miles Road, Warrensville Heights, OH 44128

    View on Map
    Claim this Listing
    New
    For Sale
    $450,000

    COMMERCIAL - Warrensville Heights, OH

    Property size:
    5,447 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $82/SF
    Added:
    May 12, 2026
    Days on Market:
    3
    Last Refresh:
    May 14 at 4:06 pm

    Property Features for 19200 Miles Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Secured, Driveway, Open, Parking Lot, Gated, Garage
    Fencing
    Fenced, Gate
    Standard status
    Active
    APN
    762-12-004
    Size
    5,447 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    94 NWP 1171.09FT EP
    Tax Annual Amount
    4589

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Roof type
    Flat

    We can help!

    Listing Contact
    Jack W Kiko

    Listing agent Jack W Kiko License #2003007797

    Listing office Kiko 2722 Fulton Dr. NW, Dover, OH

    Listing date May 12, 2026

    MLS# 5209775

    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.

    Overview

    This commercial flex space building, zoned U6 Light Industrial, features 5,447 square feet of total building area on a secure, fenced asphalt lot. The property is suitable for contractors, distributors, service companies, storage users, or as an investment opportunity. The main building includes 432 square feet of remodeled office space and 2,722 square feet of open warehouse space with 13-foot ceilings. Updates to the main building include entry doors, a 10-foot insulated garage door, a new Daikin HVAC system with duct work, bathrooms, UFO lighting and LED fixtures, glass block windows, a new asphalt parking lot, fresh waterproof paint inside and outside, and a new insulated roof with a 30-year material warranty. The rear building offers 2,293 square feet of heated space with three overhead insulated doors, a man door, 11-foot ceilings, and an office area. Additional updates to the rear building include siding, gutters, glass block windows, fire-retardant ceiling covers, and UFO LED lighting. The property, located in Warrensville Heights, OH, offers high traffic exposure and is suitable for an owner/user or for renting out additional space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Warrensville Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5396
    Latitude
    41.4368

    Nearby Similar for Sale

    • $1,650,000
      36,404 SF

      Multi-Tenant Building on 3.05 Acres

      36,404 SF multi-tenant building for sale with suites available.
      26650 Renaissance Pkwy, Warrensville Heights, OH
      View Details
    • $2,300,000
      32,890 SF

      Freestanding Industrial Service Building For Sale

      Freestanding industrial building with outside storage and drive-in bays.
      4493 Cranwood Pkwy , Warrensville Heights, OH
      View Details
    • $695,000
      6,350 SF

      Two-Building Asset For Sale

      Two-building asset with restaurant and automotive tenants in Warrensville Heights.
      22019 Emery Rd, Warrensville Heights, OH
      View Details
    • $695,000
      6,350 SF

      Two-Building Asset in Warrensville Heights

      Two-building asset leased to Georgio’s Pizza and Starr Automotive.
      22019 Emery Rd, Warrensville Heights, OH 44128
      View Details
    • Contact for pricing
      4,547 SF

      Retail Building on Emery Road

      4,547 SF freestanding building on 1.087 acres for sale.
      22801 Emery Rd, Warrensville Heights, OH
      View Details
    • $1,650,000
      36,404 SF

      Renaissance Parkway Land For Sale

      Land available on Renaissance Parkway.
      26650 Renaissance Pkwy, Warrensville Heights, OH 44128
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space building ideal for contractors, distributors, service companies.
    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 $450,000.
    (330) 206-0174
    We can help!
    Listing Contact
    Jack W Kiko
    Real Estate License ID: 2003007797
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    19200 Miles Road, Warrensville Heights, OH 44128
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!