Warehouse
For Sale
Contact for pricing
3444 East 65th Street, Cleveland, OH 44127
Warehouse building on a commercial parcel in Cleveland, Ohio.
Property Size3,159 SF
Lot Size0.18 Acres
Price / SF$68.06
Days on Market50
Property Features for 3444 East 65th Street
General Information
Standard status
Active
Size
3,159 SF
Lot size
0.18 Acres
Property subtype
Industrial
Site & Location
Neighborhood
Little Arabia
Additional Details
Asking Price
$215,000
Building Details
Building Size
3,159 SF
Listing Agency:
Hanna Commercial Real Estate Cleveland
Listed By:
David R. Stover · License #OH SAL.0000368792
Source:
Crexi
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 1 at 5:07AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a 3,159-square-foot warehouse building situated on 0.18 acres at 3444 East 65th Street in Cleveland, Ohio. The asset is classified as a warehouse and is offered for sale.
Key Highlights
- 3,159 SF warehouse building
- Located on .18 Acres
- 3444 East 65th Street, Cleveland, OH 44127
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,759
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,180
$315.2K
Cap Rate 7%
$225,129
$225.1K
Cap Rate 9%
$175,100
$175.1K
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
−$2.8K −$0.88/SF
NOI
$15.8K $4.99/SF
Area
Cleveland, OH
Vacancy
4.10%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,180
Cap Rate 7%
$225,129
Cap Rate 9%
$175,100
Alternative Uses
Best Use
Warehouse
$225.1K
$197.0K – $262.7K
NOI $15,759 @ 7.0% cap · market cap 7.33%
Second Best
Industrial
$185.4K
$162.2K – $216.3K
NOI $12,978 @ 7.0% cap · market cap 6.04%
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
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Cleveland, OH
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse building on a commercial parcel in Cleveland, Ohio.
Where is this warehouse located?
The property is located at 3444 East 65th Street 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 SF warehouse building; Located on .18 Acres; 3444 East 65th Street, Cleveland, OH 44127
