19-Unit Flex
33851 Curtis Blvd, Eastlake, OH 44095
For Sale
New
$7,514,000
Two buildings provide a multi-tenant configuration for flex and light industrial occupants.
Property Size114,293 SF
Price / SF$65.74
Days on Market2
Property Features for 33851 Curtis Blvd
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Cap Rate
Tenant in Place
Property Use
Amenities
Convert Gross Leases to Triple-Net Leases
Low Vacancy Points to Limited Available Industrial Space in the County. Surrounding Warehouse, Manufacturing, Flex, Distribution, and Service Businesses Reinforce the Property's Industrial Setting.
Ownership has Invested Across the Roof, HVAC, Façade, Site and Interiors, Including Ongoing Roof Section Replacements, Drainage Improvements and 2026 Paving Work.
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Forest Bender
(317) 218-5346
Source:
Marcusmillichap
Added: Nov 12
Last Checked: Nov 12 at 2:38PM
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 flex property consists of two buildings divided into 19 units. The site was developed in 1985 and has 84.65% occupancy. Approximately 17,193 square feet of space is vacant.
Located at 33851 Curtis Blvd in Eastlake, Ohio, the property is identified as an industrial/flex asset.
Located at 33851 Curtis Blvd in Eastlake, Ohio, the property is identified as an industrial/flex asset.
Key Highlights
- 19‑unit configuration across two buildings
- 84.65% occupancy
- Approximately 17,193 square feet of vacant space
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
84.7%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
592
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 - Two buildings provide a multi-tenant configuration for flex and light industrial occupants.
Where is this flex space located?
The property is located at 33851 Curtis Blvd Eastlake, 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: 19‑unit configuration across two buildings; 84.65% occupancy; Approximately 17,193 square feet of vacant space
