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For sale
Manufacturing properties
OH
Cleveland
3881 W 150 St

Industrial Property on W. 150th

3881 W 150 St, Cleveland, OH

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For Sale

Contact for pricing

Industrial property with convenient highway access and ample parking.

Type:INDUSTRIAL

Property size:

40,909 SF

Lot size:

1.94 Acres

Price / SF:

$57/SF

HighLights

Excellent Location: Easy access to I‑90 and I‑71 via Warren Road.
Ample Parking: 15 spaces in the front lot and 30 spaces in the back lot.
Sizeable Land: 1.75 Acres.
Property Signage Available along W 150th Street.
Air Compressors included with the building.
Spray Booth includes supporting pumps and dust/chip collection system (prior to decommissioning).

We can help!

Listing Contact

Donald G Bain

For Sale

Contact for pricing

Industrial property with convenient highway access and ample parking.

Type:INDUSTRIAL

Property size:

40,909 SF

Lot size:

1.94 Acres

Price / SF:

$57/SF

Added:: Aug 26, 2024
Days on Market:: 659
Last Refresh:: May 20 at 8:23 pm

Property Features for 3881 W 150 St

General Information

Standard status: Active
Size: 40,909 SF
Lot size: 1.94 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Donald G Bain

Listing agent Donald G Bain License #SAL.0000314090

Listing office JLL | Cleveland

Listing date Aug 26, 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 JLL | Cleveland

HighLights

Excellent Location: Easy access to I‑90 and I‑71 via Warren Road.
Ample Parking: 15 spaces in the front lot and 30 spaces in the back lot.
Sizeable Land: 1.75 Acres.
Property Signage Available along W 150th Street.
Air Compressors included with the building.
Spray Booth includes supporting pumps and dust/chip collection system (prior to decommissioning).

Overview

Located on W. 150th Street, south of Lorain Avenue, this industrial property offers convenient access to I-90 via Warren Road and I-71, situated just over half a mile to the south. The property features signage along W 150th Street. It includes 15 parking spaces in the front lot and 30 parking spaces in the back lot. The property size is 40909 square feet and sits on 1.75 acres. Air compressors are included with the building. Prior to decommissioning, the property had a spray booth with supporting pumps and a dust and chip collection system.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$250.4k	$6.12
− Vacancy	−$10.3k	−$0.25
EGI	$240.1k	$5.87
− OpEx	−$72.0k	−$1.76
NOI	$168.1k	$4.11

40,909 SF · lease $6.12/SF/yr · vacancy 4.10% · expense 30.00%

Alternative Uses

Best Use

Industrial

$2.40M

$2.10M – $2.80M (±1% cap)

NOI $168,069 @ 7.0% cap · market cap 7.15%

Second Best

—

no second resolved use

Theoretical Best

Office A

$9.98M

$8.74M – $11.65M (±1% cap)

NOI $698,817 @ 7.0% cap · market cap 29.74%

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

Property Profile Location Intelligence

Current Use by Public Records

Scott Fetzer Co Corporate Office CWP Technologies Inc Professional Services Readivac Home Appliance Store

Suggested Use

Location Insight

Map
Local Demand

City: Cleveland
County: Cuyahoga
State: Ohio
Longitude: -81.8006
Latitude: 41.4488

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For sale
Manufacturing properties
OH
Cleveland
3881 W 150 St

What type of property is this?

Manufacturing property - Industrial property with convenient highway access and ample parking.

Where is this manufacturing property located?

The property is located at 3881 W 150 St Cleveland, OH.

What is the asking price?

The asking price for this property is $2,350,000.

What are key features of this property?

This property features: Excellent Location: Easy access to I‑90 and I‑71 via Warren Road.; Ample Parking: 15 spaces in the front lot and 30 spaces in the back lot.; Sizeable Land: 1.75 Acres.

3881 W 150 St, Cleveland, OH

Industrial property with convenient highway access and ample parking.

Property Features for 3881 W 150 St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Freestanding Office Building

Turnkey Retail Building in Cleveland

Asian Town Mixed-Use Assemblage

Renovated Three-Unit Multifamily

Remodeled Six-Plex on Dead-End Street

Daycare Facility in Cleveland, OH

Mixed-Use Office and Residential Property

Turnkey Bar and Restaurant with Banquet Hall

Retail Store with Brick Front

Turnkey Triplex in South Collinwood

Turnkey Entertainment Venue Opportunity

Spacious Cleveland Duplex Investment Opportunity

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