Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    30700 Aurora Rd Solon, OH 44139

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Warehouse/industrial space with quick highway access and modern upgrades.

    Type:Industrial
    Lot size:
    5.84 Acres
    Added:
    Jun 20, 2024
    Days on Market:
    662
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 30700 Aurora Rd

    General Information

    Standard status
    Active
    Lot size
    5.84 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1994

    Spaces For Lease

    at 30700 Aurora Rd Contact us

    Unit A & B $5 /Mo

    Size
    81,061 SF
    Type
    Industrial
    Units A & B Industrial Space
    Contact us

    We can help!

    Listing Contact
    Jeffrey Calig

    Listing agent Jeffrey Calig License #OH SAL.2001000061

    Listing office NAI Pleasant Valley

    Listing date Jun 20, 2024

    Source Crexi

    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 NAI Pleasant Valley

    Overview

    Solon Warehouse and Industrial Space

    This warehouse and industrial property, constructed in 1994, offers a clear height of 20 feet and column spacing of 55 feet by 40 feet. The property includes four docks: two measuring 8 feet by 8 feet and two measuring 8 feet by 10 feet. Drive-in doors can be added to the space. Situated on a 5.84-acre lot, the property features new LED lighting with motion sensors. It provides quick access to SR 422, I-271, and I-480.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Solon
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4439
    Latitude
    41.3834

    Nearby Similar for Lease

    • $18/mo

      Solon Office Space Available

      Professional office space for lease in the heart of Solon.
      32875 Solon Road, Solon, OH 44139
      View Details
    • Contact for pricing

      Modern Office/Medical Building in Solon

      Modern 5,060 sq ft building near highway with high visibility.
      34570 Aurora Road, Solon, OH 44139
      View Details
    • $10/mo

      Solon Flex Space Available

      Flex space featuring warehouse, office, and clean room areas.
      6565 Davis Industrial Parkway, Solon, OH, 44139
      View Details
    • Sponsored
      Contact for pricing

      OH, Solon - Bainbridge Rd

      30575 Bainbridge Rd, Unit 130, Solon, OH 44139
      View Details
    • $8/mo

      Solon Flex Space Available

      17,093 RSF flex space available through May 2027.
      28900 Fountain Parkway, Solon, OH, 44139
      View Details
    • $6/mo

      Solon Industrial Area Office/Warehouse

      Well-maintained office/warehouse space in Solon industrial area.
      6551-6573 Cochran Rd, Solon, OH
      View Details
    • $5/mo

      Solon Office/Warehouse Space Available

      Office and warehouse space with freeway access in Solon, OH.
      31005 Bainbridge Rd, Solon, OH
      View Details
    • Contact for pricing

      Solon Industrial Parkway Warehouse Space

      199,146 SF industrial building in premier Solon location.
      30725 Solon Industrial Pkwy, Solon, OH 44139
      View Details
    • Contact for pricing

      Solon Office Space Available

      Office building in Solon's premier business location.
      30575 Bainbridge Road, Solon, OH, 44139
      View Details
    • Contact for pricing

      Solon Industrial Parkway Warehouse Space

      199,146 SF industrial building in premier Solon location.
      30725 Solon Industrial Pkwy, Solon, OH 44139
      View Details
    • $5/mo

      Solon Industrial Building For Rent

      81,061 SF industrial building near SR 422 and I-480.
      30700 Aurora Road, Solon, OH 44139
      View Details
    • $16/mo

      Solon Office Space Available

      Office space for rent in Solon, Ohio.
      29100 Aurora Rd, Solon, OH
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse/industrial space with quick highway access and modern upgrades.
    Where is this warehouse located?
    The property is located at 30700 Aurora Rd Solon, OH.
    What are key features of this property?
    This property features: Quick access to SR 422, I‑271 and I‑480; 5.84 acre land area; Four docks: Two (8’ x 8’), Two (8’ x 10’)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeffrey Calig
    Real Estate License ID: OH SAL.2001000061
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!