Office/Warehouse Space for
3818 Lorain Ave Cleveland, OH
3818 Lorain Ave, Cleveland, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Convertible office/warehouse space with overhead doors and storage basement.
Property Size15,702 SF
Lot Size1.16 Acres
Price / SF$95.47
Days on Market279
Property Features for 3818 Lorain Ave
General Information
- Standard status
- Active
- Size
- 15,702 SF
- Lot size
- 1.16 Acres
- Property subtype
- FLEX_R_AND_D
Listing Agency
Green Bridge Real Estate
(216) 469-0030
Listed by
John M. Wagner
(216) 469-0030
Source
Moodyscre
Added: Oct 12, 2025 Checked: Jul 17 at 5:59 am
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 Green Bridge Real Estate
Investment Insights
Based on property information with market context.
This property features office and warehouse space suitable for conversion into lofts and retail spaces. It includes overhead doors that provide access from the back courtyard and alley. The building has a two-story office area at the front, along with commercial shop space. A basement is available and was previously used for storage. The property offers a total size of 15702 square feet.
Key Highlights
- Office/warehouse space suitable for conversion to lofts and retail
- Overhead doors providing access from the back courtyard and alley
- Two‑story office space in the front
Local Financial Insights For Warehouse
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 | $96.1k | $6.12 |
| − Vacancy | −$3.9k | −$0.25 |
| EGI | $92.2k | $5.87 |
| − OpEx | −$13.8k | −$0.88 |
| NOI | $78.3k | $4.99 |
15,702 SF · lease $6.12/SF/yr · vacancy 4.10% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.05M
$2.67M – $3.56M
NOI $213,673 @ 7.0% cap · market cap 14.25%
Second Best
Warehouse
$1.12M
$979.2K – $1.31M
NOI $78,333 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,225 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Suburban Press Inc
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Convertible office/warehouse space with overhead doors and storage basement.
Where is this office units located?
The property is located at 3818 Lorain Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Office/warehouse space suitable for conversion to lofts and retail; Overhead doors providing access from the back courtyard and alley; Two‑story office space in the front
