Commercial Flex Space Buildings For
19200 Miles Road Warrensville Heights, OH 44128
19200 Miles Road, Warrensville Heights, OH, 44128
$425,000
For Sale
$425,000
COMMERCIAL - Warrensville Heights, OH
Property Size5,447 SF
Lot Size0.16 Acres
Price / SF$78.02
Days on Market69
Property Features for 19200 Miles Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage, Off Street, Parking Lot, Driveway, Gated, Secured, Open
- Fencing
- Gate, Fenced
- Standard status
- Active
- APN
- 762-12-004
- 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
Listing Agency
Kiko
(330) 453-9187
2722 Fulton Dr. NW, Dover, OH
Listed by
Jack W Kiko · License #2003007797
(330) 206-0174
Added: May 12 Checked: Jul 19 at 12:06 am
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.
Investment Insights
Based on property information with market context.
These commercial flex space buildings, zoned U6 Light Industrial, offer a total of 5,447 square feet of building space 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 a 2,722-square-foot open warehouse area with 13-foot ceilings. Updates to the main building feature 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 provides 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. Located in Warrensville Heights, Ohio, the property benefits from high traffic exposure and is situated on a 0.1632-acre lot. The property is ideal for an owner/user or for renting out additional space.
Key Highlights
- Commercial flex space zoned U6 light industrial with 5,447 SF on a secure fenced asphalt lot
- Main building includes 432 SF remodeled office space plus a 2,722 SF open warehouse with 13' ceilings
- Rear building offers 2,293 SF heated space with 3 overhead insulated doors, man door, 11' ceilings, and office area
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $5.88 |
| − Vacancy | −$1.8k | −$0.32 |
| EGI | $30.3k | $5.56 |
| − OpEx | −$10.6k | −$1.94 |
| NOI | $19.7k | $3.61 |
5,447 SF · lease $5.88/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$4.36M
$3.82M – $5.09M
NOI $305,506 @ 7.0% cap · market cap 71.88%
Second Best
Industrial
$3.59M
$3.14M – $4.19M
NOI $251,593 @ 7.0% cap · market cap 59.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Turn-key flex space buildings ideal for various commercial uses.
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 $425,000.
What are key features of this property?
This property features: Commercial flex space zoned U6 light industrial with 5,447 SF on a secure fenced asphalt lot; Main building includes 432 SF remodeled office space plus a 2,722 SF open warehouse with 13' ceilings; Rear building offers 2,293 SF heated space with 3 overhead insulated doors, man door, 11' ceilings, and office area
