Industrial Warehouse with Overhead
New
For Sale
$3,750,000
29201 Anderson Rd, Wickliffe, OH 44092
Two cranes and a mix of drive-in and dock-high loading support a range of warehouse operations.
Property Size67,000 SF
Days on Market3
Property Features for 29201 Anderson Rd
General Information
Standard status
Active
Size
67,000 SF
Property subtype
Commercial
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
7
Additional Details
Highway Access
Yes
Building Details
Building Size
67,000 SF
Listing Agency:
Matthews Real Estate Investment Services | Cleveland
Listed By:
Caleb Ogan · License #SAL.2022005346 (OH)
(216) 260-0923
Source:
Matthews
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:24AM
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 Matthews Real Estate Investment Services | Cleveland
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Investment Insights
Based on property information with market context.
This industrial warehouse includes two overhead cranes: one rated at 5 tons and another at 3 tons. Loading is handled by seven drive-in doors and two covered dock-high doors, giving the facility multiple ways to move goods. The roof was replaced within the last two years and carries a 20-year warranty.
The property is at 29201 Anderson Rd in Wickliffe, Ohio, with access to major highways and regional distribution routes.
The property is at 29201 Anderson Rd in Wickliffe, Ohio, with access to major highways and regional distribution routes.
Key Highlights
- Two overhead cranes: one 5‑ton and one 3‑ton
- Seven drive‑in doors and two covered dock‑high doors
- Roof replaced within the last two years; 20‑year warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$313,153
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,263,060
$6.3M
Cap Rate 7%
$4,473,614
$4.5M
Cap Rate 9%
$3,479,478
$3.5M
Market Conditions
NOI Build-Up for 67,000 SF
Gross rent
$382.6K $5.71/SF
− Vacancy
−$14.2K −$0.21/SF
EGI
$368.4K $5.50/SF
− OpEx
−$55.3K −$0.82/SF
NOI
$313.2K $4.67/SF
Area
Lake County, OH
Vacancy
3.70%
Lease Rate
$5.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,263,060
Cap Rate 7%
$4,473,614
Cap Rate 9%
$3,479,478
Alternative Uses
Best Use
Warehouse
$4.47M
$3.91M – $5.22M
NOI $313,153 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.47M
$13.54M – $18.05M
NOI $1,083,220 @ 7.0% cap · market cap 28.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open 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
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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
- Two Men and a Truck Moving and Storage — 1420 Lloyd Rd, Wickliffe, OH 44092
- Near2Me Storage Units — 29303 euclid ave, wickliffe, oh 44092
- Figmant Storage Units — 29315 Clayton Ave 1st floor, Wickliffe, OH 44092
Frequently Asked Questions
What type of property is this?
Warehouse - Two cranes and a mix of drive-in and dock-high loading support a range of warehouse operations.
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 $3,750,000.
What are key features of this property?
This property features: Two overhead cranes: one 5‑ton and one 3‑ton; Seven drive‑in doors and two covered dock‑high doors; Roof replaced within the last two years; 20‑year warranty
