37111 Euclid Avenue Willoughby, OH 44094
Meticulously maintained retail/office asset in Willoughby's business district.
Property Features for 37111 Euclid Avenue
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- SCR-COM
Building Details
- Year Built
- 1998
Listing office Keller Williams Realty Greater Cleveland Northeast (440) 299-5190
Listing date Dec 11, 2024
Source Realnex
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in the heart of Willoughby, OH business district, directly across from a newly constructed national grocery.
- Stable income stream with nine units, occupied by six well‑established tenants, and most leases in place through 2027.
- Significant capital improvements completed in the last five years: new roof (2022), HVAC units (2017‑2021), new front supports (2023), and parking lot (2021).
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $241.6k | $21.96 |
| − Vacancy | −$55.8k | −$5.07 |
| EGI | $185.8k | $16.89 |
| − OpEx | −$46.4k | −$4.22 |
| NOI | $139.3k | $12.67 |
