Building Details

Buildings 1

Listing Agency: Hanna Commercial Real Estate Cleveland

Listed By: David C. Wagner · License #OH SAL.0000311505 Show Phone

Source: Crexi

Added: Apr 23 Changed: Oct 15 Last Checked: Oct 14 at 11:10PM

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Investment Insights

Based on property information with market context.

This flex property includes a 13,100-square-foot building on 4.69 acres, with 9,270 square feet dedicated to warehouse space and 3,840 square feet of office area. Three drive-in doors support movement between the building and site, while ceiling heights range from 14 to 17 feet. The property also allows for a minimum divisible area of 4,000 RSF.

Located at 34280 Solon Road in Solon, Ohio, the site combines industrial and office components within one commercial property. Its configuration provides distinct warehouse and office areas in a single building, with the scale and layout documented for both full-property use and potential division.

Key Highlights

• 13,100 SF building situated on 4.69 acres
• 9,270 SF of warehouse space and 3,840 SF of office space
• Three drive‑in doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,314

Cap Rate

3.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$946,280 $946.3K

Cap Rate 7%

$675,914 $675.9K

Cap Rate 9%

$525,711 $525.7K

Market Conditions

NOI Build-Up for 13,100 SF

Gross rent

$77.0K $5.88/SF

− Vacancy

−$4.2K −$0.32/SF

EGI

$72.8K $5.56/SF

− OpEx

−$25.5K −$1.94/SF

NOI

$47.3K $3.61/SF

Area

Cuyahoga County, OH

Vacancy

5.50%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$946,280

Cap Rate 7%

$675,914

Cap Rate 9%

$525,711

Alternative Uses

Best Use

Warehouse

$10.50M

$9.18M – $12.25M (±1% cap)

NOI $734,740 @ 7.0% cap · market cap 57.63%

Second Best

Industrial

$8.64M

$7.56M – $10.08M (±1% cap)

NOI $605,080 @ 7.0% cap · market cap 47.46%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Electrical Service HVAC Service Furniture & Home Goods Garden Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,219

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 44139, OH

25,331

Population

9,347

Households

2.7

Avg Household Size

44

Median Age

63%

College-Educated

95%

High-School Grad

22.9 sq mi

ZIP Area

1,106

Density / Sq Mi

$134,924

Median Household Income

$73,281

Median Earnings

$1,468

Median Rent

$373,800

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Single-Story Office/Flex Building

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Climate-Controlled Warehouse Facility

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Multi-Tenant Office Building

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Office-Warehouse Flex Condo

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Medical Office Building with Owner Space

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$3,500,000

1.18 Acres

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Retail Property in Uptown Solon

6130-6134 Kruse Dr, Solon, OH

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Fully Leased Solon Retail Center

6025 Kruse Dr, Solon, OH 44139

$25,185,000

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Retail Space For Sale

33113 Aurora Rd, Solon, OH 44139

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2,500 SF

View details

Similar Off Market Nearby

• Signature Catering — 33840 Aurora Rd, Cleveland, OH 44139
• City Barbeque — 6372 SOM Ctr Rd, Solon, OH 44139

Frequently Asked Questions

What type of property is this?

Flex space - Industrial-flex property combines warehouse and office areas with convenient drive-in access.

Where is this flex space located?

The property is located at 34280 Solon Road Solon, OH.

What is the asking price?

The asking price for this property is $1,275,000.

What are key features of this property?

This property features: 13,100 SF building situated on 4.69 acres; 9,270 SF of warehouse space and 3,840 SF of office space; Three drive‑in doors