Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3825 Monticello Blvd Cleveland Heights, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10,159 SF building with drive-thru and ample parking.

    Type:RETAIL
    Property size:
    10,159 SF
    Lot size:
    1.55 Acres
    Added:
    Dec 23, 2024
    Days on Market:
    491
    Last Refresh:
    Apr 5 at 10:01 pm

    Property Features for 3825 Monticello Blvd

    General Information

    Standard status
    Active
    Size
    10,159 SF
    Lot size
    1.55 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 3825 Monticello Blvd Contact us

    We can help!

    Listing Contact
    Howard Forman

    Listing agent Howard Forman

    Listing office Paran Management Company

    Listing date Dec 23, 2024

    Source Moodyscre

    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 Paran Management Company

    Overview

    Cleveland Heights Retail Building For Sale

    The property is a 10,159 square-foot building constructed in 1999, situated on a 1.55-acre lot at the signalized intersection of Noble Road and Monticello Boulevard in a densely populated area. The location is easily accessible and features a drive-thru and ample parking. Area retailers include Severance Town Center (Home Depot, Dave’s Supermarket, Marshall’s) and Oakwood Commons (Walmart, TJ Maxx, HomeGoods, Burlington).
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5429
    Latitude
    41.5316

    Nearby Similar for Sale

    • $550,000
      4,217 SF

      Updated Triplex in Little Italy

      Impeccably maintained triplex in Cleveland's Little Italy neighborhood.
      2410 Overlook Road, Cleveland Heights, OH 44106
      View Details
    • $575,000
      3,484 SF

      Updated Triplex in Little Italy

      Fully updated triplex near University Circle with income potential.
      2420 Overlook Road, Cleveland Heights, OH 44106
      View Details
    • $399,900
      3,459 SF

      Spacious Duplex in Cleveland Heights

      Large 10-bedroom duplex with income potential in Cleveland Heights.
      2580-2582 Colchester Road, Cleveland Heights, OH 44106
      View Details
    • $359,900

      Cleveland Heights Income-Generating Triplex

      Triplex in Cleveland Heights with immediate rental income potential.
      2245 Bellfield, Cleveland Heights, OH 44106
      View Details
    • $335,000
      3,344 SF

      Cleveland Heights Income Producing Duplex

      Well-maintained, fully occupied duplex near Little Italy and University Circle.
      1630 Coventry Road, Cleveland Heights, OH 44118
      View Details
    • $305,000
      3,426 SF

      Cedar Hill Multi-Family Property

      Multi-family property near Cedar Fairmount, Case Western, and University Hospitals.
      2320 Bellfield Avenue, Cleveland Heights, OH 44106
      View Details
    • $550,000

      Cleveland Heights Mixed-Use Investment Property

      Well-maintained, fully occupied mixed-use building with high income potential.
      2201 N Taylor Road, Cleveland Heights, OH 44112
      View Details
    • $339,900
      2,356 SF

      Updated Duplex in Cedar Lee

      Updated duplex in Cedar Lee District, ideal for investors.
      3221 Bradford Road, Cleveland Heights, OH 44118
      View Details
    • $399,000
      3,472 SF

      Cleveland Heights Triplex with Garage

      Triplex with three units, garage, and convenient location.
      2819 E Derbyshire Road, Cleveland Heights, OH 44118
      View Details
    • $299,900
      2,855 SF

      Cleveland Heights Multifamily Investment Opportunity

      Multifamily property near Cedar Lee corridor with immediate income potential.
      3141 Kensington Road, Cleveland Heights, OH 44118
      View Details
    • $269,000
      2,732 SF

      Renovated Duplex with Loft Apartment

      Updated duplex with income potential in Cleveland Heights, Ohio.
      2477 Lee Road, Cleveland Heights, OH 44118
      View Details
    • $330,000
      3,789 SF

      Cleveland Heights Duplex: Income Potential

      Spacious duplex in Cleveland Heights with immediate income and upside.
      3235 Oak Road, Cleveland Heights, OH 44118
      View Details

    FAQs

    What type of property is this?
    Storefront property - 10,159 SF building with drive-thru and ample parking.
    Where is this storefront property located?
    The property is located at 3825 Monticello Blvd Cleveland Heights, OH.
    What are key features of this property?
    This property features: High‑traffic location at a signalized intersection (Noble Rd. and Monticello Blvd.); 10,159 SF building suitable for sale or lease; Easily accessible with drive‑thru and ample parking
    (216) 921-5663 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Howard Forman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!