Second-Floor Office
3121 Bridge Avenue, Cleveland, OH 44113
For Sale
Contact for pricing
Tenants have access to a shared conference room and dedicated, secured parking.
Property Size5,800 SF
Price / SF$362.07
Days on Market48
Property Features for 3121 Bridge Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Floor
Property Use
Amenities
common conference room
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
Conor Coakley · License OH #2006003669
(216) 232-4102
Source:
Crexi
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 10 at 9:12AM
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 Cushman & Wakefield | CRESCO Real Estate
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Investment Insights
Based on property information with market context.
The second-floor office space totals 5,800 SF and includes access to a shared conference room on the lower level. Up to 12 dedicated parking spaces are available, with secured parking offered for each space.
At 3121 Bridge Avenue in Cleveland, Ohio City dining and coffee destinations Johnny Mango, Momocho, Phoenix Coffee, and Heck's Cafe are a one-minute walk away.
At 3121 Bridge Avenue in Cleveland, Ohio City dining and coffee destinations Johnny Mango, Momocho, Phoenix Coffee, and Heck's Cafe are a one-minute walk away.
Key Highlights
- 5,800 SF of second‑floor office space
- Up to 12 dedicated parking spaces
- Access to a shared conference room on the lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,926
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,578,520
$1.6M
Cap Rate 7%
$1,127,514
$1.1M
Cap Rate 9%
$876,956
$877.0K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$131.5K $22.68/SF
− Vacancy
−$26.3K −$4.54/SF
EGI
$105.2K $18.14/SF
− OpEx
−$26.3K −$4.54/SF
NOI
$78.9K $13.61/SF
Area
Cleveland, OH
Vacancy
20.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,578,520
Cap Rate 7%
$1,127,514
Cap Rate 9%
$876,956
Alternative Uses
Best Use
Office B
$1.13M
$986.6K – $1.32M
NOI $78,926 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,077 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,731
Businesses Nearby
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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
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Market
Properties on Market for Office Units in Cleveland
Vacancy Rate% for Office in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Office unit - Tenants have access to a shared conference room and dedicated, secured parking.
Where is this office unit located?
The property is located at 3121 Bridge Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5,800 SF of second‑floor office space; Up to 12 dedicated parking spaces; Access to a shared conference room on the lower level
