Warehouse with Overhead
For Sale
Contact for pricing
29201 Anderson Rd, Wickliffe, OH 44092
Warehouse with two overhead cranes and covered loading with seven drive-in doors plus two dock-high doors.
Property Size67,000 SF
Price / SF$58
Days on Market177
Property Features for 29201 Anderson Rd
General Information
Standard status
Active
Size
67,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
7
Additional Details
Highway Access
Yes
Listing Agency:
Matthews Real Estate Investment Services | Cleveland
(866) 889-0550
Listed By:
Matthew (Matt) Kovesdy
(216) 973-9876
Source:
Moodyscre
Added: Feb 5
Changed: Jul 31
Last Checked: Jul 31 at 5:19AM
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 Matthews Real Estate Investment Services | Cleveland
Investment Insights
Based on property information with market context.
This industrial warehouse facility includes two overhead cranes—one 5-ton and one 3-ton—supporting heavy-duty operations. The building also features functional loading for mixed distribution and warehouse workflows, with seven drive-in doors and two dock-high doors, both being covered.
Recent capital improvements include a roof replacement completed within the last two years, with a 20-year warranty in place. The site is described as having easy access to major highways and regional distribution routes, supporting logistics connectivity for tenants and users.
With 67,000 SF, the facility is positioned to support warehouse and distribution needs that benefit from crane-assisted material handling and covered loading.
Recent capital improvements include a roof replacement completed within the last two years, with a 20-year warranty in place. The site is described as having easy access to major highways and regional distribution routes, supporting logistics connectivity for tenants and users.
With 67,000 SF, the facility is positioned to support warehouse and distribution needs that benefit from crane-assisted material handling and covered loading.
Key Highlights
- Two overhead cranes: one 5‑ton and one 3‑ton
- Covered loading: seven drive‑in doors plus two dock‑high doors
- Roof replacement completed within the last two years
Financial Insights For Warehouse
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 | $382.6k | $5.71 |
| − Vacancy | −$14.2k | −$0.21 |
| EGI | $368.4k | $5.50 |
| − OpEx | −$55.3k | −$0.82 |
| NOI | $313.2k | $4.67 |
67,000 SF · lease $5.71/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.47M
$3.91M – $5.22M
NOI $313,153 @ 7.0% cap · market cap 8.06%
Second Best
Industrial
$3.68M
$3.22M – $4.30M
NOI $257,890 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$15.47M
$13.54M – $18.05M
NOI $1,083,220 @ 7.0% cap · market cap 27.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Dock-high doors
7
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44092, OH
16,786
Population
8,258
Households
2
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
2,268
Density / Sq Mi
$67,907
Median Household Income
$41,236
Median Earnings
$1,059
Median Rent
$167,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Figmant Storage Units — 29315 Clayton Ave 1st floor, Wickliffe, OH 44092
- Near2Me Storage Units — 29303 euclid ave, wickliffe, oh 44092
- Two Men and a Truck Moving and Storage — 1420 Lloyd Rd, Wickliffe, OH 44092
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with two overhead cranes and covered loading with seven drive-in doors plus two dock-high doors.
Where is this warehouse located?
The property is located at 29201 Anderson Rd Wickliffe, OH.
What is the asking price?
The asking price for this property is $3,886,000.
What are key features of this property?
This property features: Two overhead cranes: one 5‑ton and one 3‑ton; Covered loading: seven drive‑in doors plus two dock‑high doors; Roof replacement completed within the last two years
