Two-Building Flex Industrial
33801 & 33851 Curtis Blvd., Willoughby, OH 44095
For Sale
Contact for pricing
Varied loading access and a multi-suite layout serve light industrial and flex operations.
Property Size114,293 SF
Price / SF$65.74
Days on Market8
Property Features for 33801 & 33851 Curtis Blvd.
General Information
Standard status
Size
Property subtype
Occupancy
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Tenancy
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Forest Bender · License #IN AB21405968
(765) 748-6570
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 6:10PM
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 Marcus & Millichap - Indianapolis
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 114,293 SF flex property comprises two buildings and 19 units, with 82.96% occupancy. The current configuration includes 19' clear height, 23 dock-high doors, and 9 grade-level drive-in doors, providing 32 loading doors in total. Building work since 2016 has addressed the roof, HVAC systems, façade, paved areas, and interiors; further roof, drainage, and drive-lane work is planned through 2026.
At 33801 and 33851 Curtis Blvd. in Willoughby, Ohio, the property is situated in an industrial setting that includes warehouse, manufacturing, flex, distribution, and service businesses. Lake County industrial vacancy is cited at 3.1%. The property has 17.04% vacancy, representing approximately 19,480 SF of available space. Existing gross leases are expected to convert to NNN as they expire.
At 33801 and 33851 Curtis Blvd. in Willoughby, Ohio, the property is situated in an industrial setting that includes warehouse, manufacturing, flex, distribution, and service businesses. Lake County industrial vacancy is cited at 3.1%. The property has 17.04% vacancy, representing approximately 19,480 SF of available space. Existing gross leases are expected to convert to NNN as they expire.
Key Highlights
- Two‑building flex property totals 114,293 SF across 19 units
- 82.96% occupancy, with 17.04% vacancy and approximately 19,480 SF available
- 19' clear height and 32 loading doors: 23 dock‑high and 9 grade‑level drive‑in
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$534,196
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,683,920
$10.7M
Cap Rate 7%
$7,631,371
$7.6M
Cap Rate 9%
$5,935,511
$5.9M
Market Conditions
NOI Build-Up for 114,293 SF
Gross rent
$652.6K $5.71/SF
− Vacancy
−$24.1K −$0.21/SF
EGI
$628.5K $5.50/SF
− OpEx
−$94.3K −$0.82/SF
NOI
$534.2K $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 Rate 5%
$10,683,920
Cap Rate 7%
$7,631,371
Cap Rate 9%
$5,935,511
Alternative Uses
Best Use
Warehouse
$7.63M
$6.68M – $8.90M
NOI $534,196 @ 7.0% cap · market cap 7.11%
Second Best
Industrial
$6.28M
$5.50M – $7.33M
NOI $439,926 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$26.40M
$23.10M – $30.80M
NOI $1,847,827 @ 7.0% cap · market cap 24.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
19 ft
Clear height
23
Dock-high doors
9
Drive-in doors
83%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44095, OH
32,616
Population
15,469
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
3,584
Density / Sq Mi
$69,778
Median Household Income
$43,895
Median Earnings
$985
Median Rent
$162,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Regovich Catering (Formally The Patrician) — 33150 Lakeland Blvd, Eastlake, OH 44095
Frequently Asked Questions
What type of property is this?
Flex space - Varied loading access and a multi-suite layout serve light industrial and flex operations.
Where is this flex space located?
The property is located at 33801 & 33851 Curtis Blvd. Willoughby, OH.
What is the asking price?
The asking price for this property is $7,514,000.
What are key features of this property?
This property features: Two‑building flex property totals 114,293 SF across 19 units; 82.96% occupancy, with 17.04% vacancy and approximately 19,480 SF available; 19' clear height and 32 loading doors: 23 dock‑high and 9 grade‑level drive‑in
