25953 Broadway Avenue, Oakwood Village, OH 44146

Building Details

Building Size 1,255 SF More

Year Built 1945 More

Listing Agency: EXP Realty, LLC.

Listed By: Michelle R Federico · License #377353 Show Phone

Source: Lifestagesrealty

Added: Jun 6 Changed: Nov 7 Last Checked: Nov 7 at 4:41PM

Report an Issue

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 EXP Realty, LLC.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The commercial property comprises two parcels with existing improvements: a single-family house and a 1,255-square-foot block building formerly used for auto repair. The house is described as being in good condition but dated, and it is not permitted for residential use. Both structures may be removed to make way for new construction. The property is zoned B-2.

The parcels meet at Broadway Avenue and Pettibone Road. A Family Dollar store is across the street, a Circle K with a gas station occupies the opposite corner, and a beverage store is next door.

Key Highlights

• Two‑parcel commercial property with a house and a 1,255‑square‑foot block building
• B‑2 zoning
• Block building previously used for auto repair

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,992

Cap Rate

7.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$239,840 $239.8K

Cap Rate 7%

$171,314 $171.3K

Cap Rate 9%

$133,244 $133.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,255 SF

Gross rent

$18.8K $15.00/SF

− Vacancy

−$1.7K −$1.35/SF

EGI

$17.1K $13.65/SF

− OpEx

−$5.1K −$4.10/SF

NOI

$12.0K $9.56/SF

Area

Cuyahoga County, OH

Vacancy

9.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$239,840

Cap Rate 7%

$171,314

Cap Rate 9%

$133,244

Alternative Uses

Best Use

Industrial

$828.1K

$724.6K – $966.1K (±1% cap)

NOI $57,968 @ 7.0% cap · market cap 36.23%

Second Best

Retail

$171.3K

$149.9K – $199.9K (±1% cap)

NOI $11,992 @ 7.0% cap · market cap 7.50%

Theoretical Best

Warehouse

$1.01M

$879.9K – $1.17M (±1% cap)

NOI $70,389 @ 7.0% cap · market cap 43.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Dental Office Law Firm Electrical Service Grocery & Convenience Store Pharmacy Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

302

Businesses Nearby

Explore this area Business Placement

Demographics for 44146, OH

29,778

Population

15,270

Households

2

Avg Household Size

46

Median Age

23%

College-Educated

92%

High-School Grad

20.0 sq mi

ZIP Area

1,489

Density / Sq Mi

$53,049

Median Household Income

$40,808

Median Earnings

$1,000

Median Rent

$141,800

Median Home Value

Market

Properties on Market for Commercial land in Cuyahoga County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Commercial land - Two parcels carry existing structures at a signalized? intersection

Where is this commercial land located?

The property is located at 25953 Broadway Avenue Oakwood Village, OH.

What is the asking price?

The asking price for this property is $160,000.

What are key features of this property?

This property features: Two‑parcel commercial property with a house and a 1,255‑square‑foot block building; B‑2 zoning; Block building previously used for auto repair