Remodeled Office Space For
3723 Pearl Rd Cleveland, OH
For Sale
Contact for pricing
Newly remodeled office space with easy highway access.
Property Size5,824 SF
Lot Size0.10 Acres
Price / SF$111.61
Days on Market421
Property Features for 3723 Pearl Rd
General Information
Standard status
Active
Size
5,824 SF
Lot size
0.10 Acres
Property subtype
OFFICE
Properties For Sale
at 3723 Pearl Rd Contact us
Listing Agency:
Colliers | Cleveland
(216) 314-0687
Listed By:
Tim Breckner · License #SAL.0000438990
(216) 314-0687
Source:
Moodyscre
Added: Jun 3, 2025
Changed: Jul 10
Last Checked: Jul 21 at 7:04AM
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 Colliers | Cleveland
Investment Insights
Based on property information with market context.
This 5,824 square foot property features newly remodeled office space, including an updated kitchenette, restrooms, private offices, and secure storage. The property offers convenient access to I-71 and 176 Jennings Freeway. The City of Cleveland offers a Storefront Renovations Program (SRP) that provides financial assistance for exterior renovations, including signage. The intended use of the property is for office space.
Key Highlights
- Newly remodeled office space including updated kitchenette, restrooms, private offices and secure storage.
- Easy access to I‑71 and 176 Jennings Freeway.
- Storefront Renovations Program (SRP) via City of Cleveland. Financial assistance for exterior renovations including signage.
Financial Insights For Retail
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 | $87.4k | $15.00 |
| − Vacancy | −$7.4k | −$1.28 |
| EGI | $79.9k | $13.73 |
| − OpEx | −$24.0k | −$4.12 |
| NOI | $56.0k | $9.61 |
5,824 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.13M
$990.7K – $1.32M
NOI $79,253 @ 7.0% cap · market cap 12.19%
Second Best
Retail
$799.3K
$699.4K – $932.6K
NOI $55,954 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,487 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Newly remodeled office space with easy highway access.
Where is this office units located?
The property is located at 3723 Pearl Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Newly remodeled office space including updated kitchenette, restrooms, private offices and secure storage.; Easy access to I‑71 and 176 Jennings Freeway.; Storefront Renovations Program (SRP) via City of Cleveland. Financial assistance for exterior renovations including signage.
