Retail Storefront with Liquor
For Sale
Contact for pricing
2218 Broadview Rd, Cleveland, OH 44109
For sale retail storefront with current liquor license availability.
Property Size5,173 SF
Price / SF$131.45
Days on Market202
Property Features for 2218 Broadview Rd
General Information
Standard status
Active
Size
5,173 SF
Property subtype
RETAIL
Listing Agency:
Hanna Commercial Real Estate | Cleveland
(216) 861-7200
Listed By:
John Lubinski · License #2019006622
(330) 958-7291
Source:
Moodyscre
Added: Feb 23
Changed: Sep 10
Last Checked: Sep 13 at 10:24AM
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 Hanna Commercial Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is offered with a current liquor license available, supporting uses that require alcohol service. The offering is categorized as storefront/retail space, sized at 5,173 square feet.
The property is located at 2218 Broadview Rd in Cleveland, Ohio 44109. Its commercial configuration is presented as a retail storefront space, and the availability of the liquor license is a primary component of the transaction.
For details on the license availability and how it may apply to an operator’s intended use, prospective buyers should review the offering materials and coordinate directly for next steps.
The property is located at 2218 Broadview Rd in Cleveland, Ohio 44109. Its commercial configuration is presented as a retail storefront space, and the availability of the liquor license is a primary component of the transaction.
For details on the license availability and how it may apply to an operator’s intended use, prospective buyers should review the offering materials and coordinate directly for next steps.
Key Highlights
- Retail storefront for sale with current liquor license availability
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,700
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$994,000
$994.0K
Cap Rate 7%
$710,000
$710.0K
Cap Rate 9%
$552,222
$552.2K
Market Conditions
NOI Build-Up for 5,173 SF
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.
Gross rent
$77.6K $15.00/SF
− Vacancy
−$6.6K −$1.28/SF
EGI
$71.0K $13.73/SF
− OpEx
−$21.3K −$4.12/SF
NOI
$49.7K $9.61/SF
Area
Cleveland, OH
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$994,000
Cap Rate 7%
$710,000
Cap Rate 9%
$552,222
Alternative Uses
Best Use
Retail
$710.0K
$621.3K – $828.3K
NOI $49,700 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,366 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44109, OH
39,121
Population
19,588
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
81%
High-School Grad
7.1 sq mi
ZIP Area
5,510
Density / Sq Mi
$43,130
Median Household Income
$34,050
Median Earnings
$861
Median Rent
$112,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Cleveland, OH
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront with current liquor license availability.
Where is this storefront property located?
The property is located at 2218 Broadview Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Retail storefront for sale with current liquor license availability
