Mixed-Use Multifamily Building For
For Sale
Contact for pricing
Pending
3085 W 25th St, Cleveland, OH 44113
Income-producing mixed-use building in excellent location near Ohio City.
Property Size5,218 SF
Days on Market1368
Property Features for 3085 W 25th St
General Information
Standard status
Pending
Size
5,218 SF
Property subtype
Retail
Listing Agency:
Hoff & Leigh Fairlawn
(330) 940-9360
Listed By:
Joe Zumpano · License #OH SAL.2015004596
Source:
Crexi
Added: Nov 1, 2022
Changed: Jul 6
Last Checked: Jul 30 at 12:26PM
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 Hoff & Leigh Fairlawn
Investment Insights
Based on property information with market context.
This mixed-use multifamily building is located at Clark & W 25th, offering an excellent location between Ohio City and the MetroHealth campus. The property presents an opportunity for either a buy-and-hold strategy or future development. The building has a total size of 5218 square feet. The second floor is residential and currently leased. The first floor retail space is a value-add.
Key Highlights
- Excellent location between Ohio City and MetroHealth campus.
- Income‑producing mixed‑use multifamily building.
- Value‑add first‑floor retail space.
Financial Insights For Mixed Use
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 | $78.3k | $15.00 |
| − Vacancy | −$7.8k | −$1.50 |
| EGI | $70.4k | $13.50 |
| − OpEx | −$26.4k | −$5.06 |
| NOI | $44.0k | $8.44 |
5,218 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Apartment 5plus
$826.5K
$723.2K – $964.3K
NOI $57,857 @ 7.0% cap · market cap 11.59%
Second Best
Retail
$716.2K
$626.7K – $835.5K
NOI $50,132 @ 7.0% cap · market cap 10.05%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,135 @ 7.0% cap · market cap 17.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 44113, OH
20,291
Population
12,554
Households
1.6
Avg Household Size
33
Median Age
54%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
5,340
Density / Sq Mi
$70,140
Median Household Income
$61,204
Median Earnings
$1,374
Median Rent
$295,400
Median Home Value
Market
Properties on Market for Mixed-use properties in Cleveland
Vacancy Rate% for Retail in Cleveland, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing mixed-use building in excellent location near Ohio City.
Where is this mixed-use property located?
The property is located at 3085 W 25th St Cleveland, OH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Excellent location between Ohio City and MetroHealth campus.; Income‑producing mixed‑use multifamily building.; Value‑add first‑floor retail space.
