Flex Space with Air-Conditioned
For Sale
Contact for pricing
27600 Lakeland Blvd, Euclid, OH 44132
Industrial property includes a fully air-conditioned office component and truck access.
Property Size64,000 SF
Price / SF$41.88
Days on Market365
Property Features for 27600 Lakeland Blvd
General Information
Standard status
Active
Size
64,000 SF
Property subtype
INDUSTRIAL
Amenities
seamless truck access
fully air-conditioned office space
Building Details
Year Renovated
2019
Listing Agency:
Cresco Real Estate | Cleveland
(216) 520-1200
Listed By:
Rico A. Pietro, SIOR
(216) 525-1473
Source:
Moodyscre
Added: Oct 28, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:43PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 64,000-square-foot flex space combines industrial functionality with fully air-conditioned office areas. The property received a new roof in 2019, adding a recent building improvement to the existing improvements.
Truck access supports logistics and distribution activity. The site is visible from Route 2 and I-90, providing exposure along two major transportation routes and supporting signage opportunities.
Truck access supports logistics and distribution activity. The site is visible from Route 2 and I-90, providing exposure along two major transportation routes and supporting signage opportunities.
Key Highlights
- 64,000 square feet of flex space
- New roof installed in 2019
- Fully air‑conditioned office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,155
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,623,100
$4.6M
Cap Rate 7%
$3,302,214
$3.3M
Cap Rate 9%
$2,568,389
$2.6M
Market Conditions
NOI Build-Up for 64,000 SF
Gross rent
$376.3K $5.88/SF
− Vacancy
−$20.7K −$0.32/SF
EGI
$355.6K $5.56/SF
− OpEx
−$124.5K −$1.94/SF
NOI
$231.2K $3.61/SF
Area
Cuyahoga County, OH
Vacancy
5.50%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,623,100
Cap Rate 7%
$3,302,214
Cap Rate 9%
$2,568,389
Alternative Uses
Best Use
Warehouse
$51.28M
$44.87M – $59.83M
NOI $3,589,571 @ 7.0% cap · market cap 133.94%
Second Best
Industrial
$42.23M
$36.95M – $49.27M
NOI $2,956,117 @ 7.0% cap · market cap 110.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44132, OH
14,524
Population
7,586
Households
1.9
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
3.2 sq mi
ZIP Area
4,539
Density / Sq Mi
$46,014
Median Household Income
$36,284
Median Earnings
$1,031
Median Rent
$109,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Sophie's Catering & Baking — 1370 Lloyd Rd, Wickliffe, OH 44092
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property includes a fully air-conditioned office component and truck access.
Where is this flex space located?
The property is located at 27600 Lakeland Blvd Euclid, OH.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: 64,000 square feet of flex space; New roof installed in 2019; Fully air‑conditioned office space
