Industrial Building with Spray
For Sale
Contact for pricing
3881 W 150 St, Cleveland, OH 44111
Manufacturing facility with a spray booth, air compressors, and dust and chip collection system.
Property Size40,909 SF
Lot Size1.75 Acres
Price / SF$57.44
Days on Market796
Property Features for 3881 W 150 St
General Information
Standard status
Active
Size
40,909 SF
Total Parking Spaces
45
Lot size
1.75 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
JLL | Cleveland
(216) 861-7171
Listed By:
Donald G Bain · License #SAL.0000314090
(216) 952-8895
Source:
Moodyscre
Added: Aug 26, 2024
Changed: Oct 26
Last Checked: Oct 28 at 9:29AM
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
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Investment Insights
Based on property information with market context.
This manufacturing property includes air compressors on site and, prior to decommissioning, a spray booth with supporting pumps plus a dust and chip collection system. The facility sits on a 1.75-acre site with a total building size of 40,909 SF.
The property is located on W. 150th Street just south of Lorain Avenue, with properrty signage along W 150th Street. It offers easy access to I-90 via Warren Road and to I-71; the access described is just over 1/2 mile to the south. Parking is available with 15 spaces in the front lot and 30 spaces in the back lot.
With its existing industrial process equipment package and vehicle parking on a sizable site, the building is well-suited for tenants seeking an operational manufacturing environment and straightforward access to major interstates.
The property is located on W. 150th Street just south of Lorain Avenue, with properrty signage along W 150th Street. It offers easy access to I-90 via Warren Road and to I-71; the access described is just over 1/2 mile to the south. Parking is available with 15 spaces in the front lot and 30 spaces in the back lot.
With its existing industrial process equipment package and vehicle parking on a sizable site, the building is well-suited for tenants seeking an operational manufacturing environment and straightforward access to major interstates.
Key Highlights
- 1.75‑acre manufacturing site with 40,909 SF building
- Spray booth (prior to decommissioning) with supporting pumps
- Dust and chip collection system included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,310
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,146,200
$3.1M
Cap Rate 7%
$2,247,286
$2.2M
Cap Rate 9%
$1,747,889
$1.7M
Market Conditions
NOI Build-Up for 40,909 SF
Gross rent
$230.7K $5.64/SF
− Vacancy
−$6.0K −$0.15/SF
EGI
$224.7K $5.49/SF
− OpEx
−$67.4K −$1.65/SF
NOI
$157.3K $3.85/SF
Area
ZIP 44111
Vacancy
2.60%
Lease Rate
$5.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,146,200
Cap Rate 7%
$2,247,286
Cap Rate 9%
$1,747,889
Alternative Uses
Best Use
Industrial
$2.25M
$1.97M – $2.62M
NOI $157,310 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.70M
$6.74M – $8.99M
NOI $539,186 @ 7.0% cap · market cap 22.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 44111, OH
41,045
Population
19,041
Households
2.2
Avg Household Size
38
Median Age
25%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
6,315
Density / Sq Mi
$54,790
Median Household Income
$38,151
Median Earnings
$938
Median Rent
$130,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility with a spray booth, air compressors, and dust and chip collection system.
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: 1.75‑acre manufacturing site with 40,909 SF building; Spray booth (prior to decommissioning) with supporting pumps; Dust and chip collection system included
