Office-Warehouse Flex
For Sale
Contact for pricing
30405 Solon Road, Solon, OH 44139
Condo-format flex space combines office and warehouse functions in one commercial unit.
Property Size1,800 SF
Price / SF$119.44
Days on Market53
Property Features for 30405 Solon Road
General Information
Standard status
Active
Size
1,800 SF
Class
B
Property subtype
Office, Industrial
Listing Agency:
Hanna Commercial Real Estate Cleveland
Listed By:
David R. Stover · License #OH SAL.0000368792
Source:
Crexi
Added: Aug 26
Changed: Oct 11
Last Checked: Oct 16 at 6:59AM
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 Hanna Commercial Real Estate Cleveland
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Investment Insights
Based on property information with market context.
Located at 30405 Solon Road in Solon, Ohio, this 1,800-square-foot condominium unit combines office and warehouse components within a flex-space configuration. The property is classified as a flex space and is offered as a commercial condominium.
Key Highlights
- 1,800 SF office and warehouse condominium unit
- Flex‑space configuration combining office and warehouse functions
- Located at 30405 Solon Road, Solon, OH 44139
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,325
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,500
$386.5K
Cap Rate 7%
$276,071
$276.1K
Cap Rate 9%
$214,722
$214.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$34.1K $18.96/SF
− Vacancy
−$8.4K −$4.65/SF
EGI
$25.8K $14.31/SF
− OpEx
−$6.4K −$3.58/SF
NOI
$19.3K $10.74/SF
Area
Cuyahoga County, OH
Vacancy
24.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,500
Cap Rate 7%
$276,071
Cap Rate 9%
$214,722
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,957 @ 7.0% cap · market cap 46.96%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,141 @ 7.0% cap · market cap 38.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44139, OH
25,331
Population
9,347
Households
2.7
Avg Household Size
44
Median Age
63%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
1,106
Density / Sq Mi
$134,924
Median Household Income
$73,281
Median Earnings
$1,468
Median Rent
$373,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- DA LUX KITCHEN — 6150 Enterprise Pkwy, Solon, OH 44139
Frequently Asked Questions
What type of property is this?
Flex space - Condo-format flex space combines office and warehouse functions in one commercial unit.
Where is this flex space located?
The property is located at 30405 Solon Road Solon, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,800 SF office and warehouse condominium unit; Flex‑space configuration combining office and warehouse functions; Located at 30405 Solon Road, Solon, OH 44139
