Mixed-Use
For Sale
$599,000
2280 W 10th Street, Cleveland, OH 44113
Cleveland’s Tremont neighborhood offers access to coffee shops, galleries, boutiques, and restored Victorian homes.
Property Size2,206 SF
Days on Market117
Property Features for 2280 W 10th Street
General Information
Standard status
Active
Size
2,206 SF
Property subtype
8/20/2026
Building Details
Building Size
2,206 SF
Year Built
2026
Listing Agency:
Cresco Real Estate | Cleveland
(216) 232-4101
Listed By:
Cameron Callahan
(216) 232-4101
Source:
Cushmanwakefield
Added: May 8
Changed: Aug 31
Last Checked: Aug 30 at 1:48PM
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 Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This mixed-use property offers 2,206 square feet of space and was built in 1980. The available property information does not identify the interior layout, improvements, or current occupancy.
The property is located at 2280 West 10th Street in Cleveland’s Tremont neighborhood. The surrounding area includes gourmet sandwich bars, craft coffee shops, art galleries, clothing boutiques, and restored Victorian homes. Local points of interest include St. Theodosius Russian Orthodox Cathedral and the museum dedicated to the 1980s film “A Christmas Story.”
The property is located at 2280 West 10th Street in Cleveland’s Tremont neighborhood. The surrounding area includes gourmet sandwich bars, craft coffee shops, art galleries, clothing boutiques, and restored Victorian homes. Local points of interest include St. Theodosius Russian Orthodox Cathedral and the museum dedicated to the 1980s film “A Christmas Story.”
Key Highlights
- 2,206 square feet of property space
- Built in 1980
- Located at 2280 West 10th Street, Cleveland, OH 44113
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
$18,613
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
3.11%
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%
$372,260
$372.3K
Cap Rate 7%
$265,900
$265.9K
Cap Rate 9%
$206,811
$206.8K
Market Conditions
NOI Build-Up for 2,206 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
$33.1K $15.00/SF
− Vacancy
−$3.3K −$1.50/SF
EGI
$29.8K $13.50/SF
− OpEx
−$11.2K −$5.06/SF
NOI
$18.6K $8.44/SF
Area
Cleveland, OH
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
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%
$372,260
Cap Rate 7%
$265,900
Cap Rate 9%
$206,811
Alternative Uses
Best Use
Mixed Use
$265.9K
$232.7K – $310.2K
NOI $18,613 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.3K
$471.0K – $628.1K
NOI $37,683 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Cleveland’s Tremont neighborhood offers access to coffee shops, galleries, boutiques, and restored Victorian homes.
Where is this mixed-use property located?
The property is located at 2280 W 10th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,206 square feet of property space; Built in 1980; Located at 2280 West 10th Street, Cleveland, OH 44113
