Masonry Industrial Building with Drive-In
3444 E 65 ST, Cleveland, OH 44127
For Sale
New
Contact for pricing
The building offers two drive-in access points and convenient connections to I-77, I-90, and Opportunity Parkway.
Property Size3,159 SF
Lot Size0.18 Acres
Price / SF$68.06
Days on Market5
Property Features for 3444 E 65 ST
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Asking Price
Building Details
Buildings
Building Size
Construction
Listing Agency:
Hanna Commercial Real Estate | Cleveland
(216) 861-7200
Listed By:
David Stover, SIOR
(216) 839-2012
Source:
Moodyscre
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 4:36PM
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 Hanna Commercial Real Estate | Cleveland
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 masonry industrial building contains 3,159 square feet on a 0.18-acre parcel. Two 10-foot-by-10-foot drive-in doors provide direct vehicle access, and the interior has 12 feet of clear height.
The property has convenient access to I-77, I-90, and Opportunity Parkway. An adjoining 0.103-acre parcel, identified as PP# 125-28-031 and owned by the City of Cleveland Land Bank, may be available for purchase.
The property has convenient access to I-77, I-90, and Opportunity Parkway. An adjoining 0.103-acre parcel, identified as PP# 125-28-031 and owned by the City of Cleveland Land Bank, may be available for purchase.
Key Highlights
- 3,159‑square‑foot masonry industrial building
- Two 10' x 10' drive‑in doors
- 12' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,978
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,560
$259.6K
Cap Rate 7%
$185,400
$185.4K
Cap Rate 9%
$144,200
$144.2K
Market Conditions
NOI Build-Up for 3,159 SF
Gross rent
$19.3K $6.12/SF
− Vacancy
−$793 −$0.25/SF
EGI
$18.5K $5.87/SF
− OpEx
−$5.6K −$1.76/SF
NOI
$13.0K $4.11/SF
Area
Cleveland, OH
Vacancy
4.10%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,560
Cap Rate 7%
$185,400
Cap Rate 9%
$144,200
Alternative Uses
Best Use
Industrial
$185.4K
$162.2K – $216.3K
NOI $12,978 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$770.9K
$674.5K – $899.4K
NOI $53,963 @ 7.0% cap · market cap 25.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 44127, OH
4,179
Population
2,182
Households
1.9
Avg Household Size
37
Median Age
10%
College-Educated
67%
High-School Grad
1.8 sq mi
ZIP Area
2,322
Density / Sq Mi
$32,955
Median Household Income
$29,000
Median Earnings
$657
Median Rent
$50,600
Median Home Value
Market
Average Price Trend$/SF for Industrial properties in Cleveland, OH
Properties on Market for Industrial properties in Cleveland
Vacancy Rate% for Industrial in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Industrial property - The building offers two drive-in access points and convenient connections to I-77, I-90, and Opportunity Parkway.
Where is this industrial property located?
The property is located at 3444 E 65 ST Cleveland, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 3,159‑square‑foot masonry industrial building; Two 10' x 10' drive‑in doors; 12' clear height
