Manufacturing Facility with Crane
For Sale
$3,750,000
29201 Anderson Road, Wickliffe, OH 44092
CommercialSale, Wickliffe, OH
Property Size67,000 SF
Lot Size3.02 Acres
Price / SF$55.97
Days on Market539
Property Features for 29201 Anderson Road
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Wickliffe CSD - 4308
Middle school district
Wickliffe CSD - 4308
High school district
Wickliffe CSD - 4308
Directions
Head south onto Loyd rd from route 2. Anderson rd is on the right hand side. Turn down Anderson and the building is three buildings down on the right hand side.
Standard status
Active
APN
29-A-008-0-00-028-0
Lot size
3.02 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
29146
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
air compressors
air lines
cranes
Building Details
Year built
1987
Listing Agency:
Keller Williams Greater Cleveland Northeast · Keller Williams Realty
(440) 255-5500
Listed By:
Chandler Jekutis · License #2018003908
(440) 413-2534
Added: Mar 24, 2025
Changed: Sep 12
Last Checked: Sep 13 at 4:06AM
MLS# 5109036
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 67,000-square-foot manufacturing and warehouse facility occupies 3.02 acres and was built in 1987. Improvements include seven drive-in doors, one interior dock, one exterior covered dock, air compressors, air lines, and three overhead cranes. The crane package consists of two 3-ton cranes and one 5-ton crane with tracks extending throughout the building.
Electrical service includes 800A, 240V, three-phase power with duct-bar distribution throughout the facility. Forced-air heating is installed, and the property is served by public water and public sewer. Located in Wickliffe, Ohio, the facility offers industrial space with loading infrastructure and equipment suited to manufacturing and warehouse operations.
Electrical service includes 800A, 240V, three-phase power with duct-bar distribution throughout the facility. Forced-air heating is installed, and the property is served by public water and public sewer. Located in Wickliffe, Ohio, the facility offers industrial space with loading infrastructure and equipment suited to manufacturing and warehouse operations.
Key Highlights
- 67,000‑square‑foot manufacturing and warehouse facility on 3.02 acres
- Seven drive‑in doors sized 1212 and 1214
- One interior dock and one exterior covered dock
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
$313,153
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
8.35%
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%
$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
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
$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 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%
$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
Industrial
$3.68M
$3.22M – $4.30M
NOI $257,890 @ 7.0% cap · market cap 6.88%
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.
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
7
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with heavy power, material-handling equipment, loading access, and public water and sewer service.
Where is this manufacturing property located?
The property is located at 29201 Anderson Road 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: 67,000‑square‑foot manufacturing and warehouse facility on 3.02 acres; Seven drive‑in doors sized 12*12 and 12*14; One interior dock and one exterior covered dock
