Office Building with Conference
446 E 131st St Cleveland, OH 44108
446 E 131st St, Cleveland, OH, 44108
Contact for pricing
For Sale
Contact for pricing
Executive and cubicle office layout includes multiple individual offices, plus a second-floor conference room and breakroom.
Property Size4,550 SF
Price / SF$181.32
Days on Market149
Property Features for 446 E 131st St
General Information
- Standard status
- Active
- Size
- 4,550 SF
- Property subtype
- INDUSTRIAL
Listing agency
Hanna Commercial Real Estate | Cleveland
(216) 469-2425
Listed by
Mac Biggar, Jr., SIOR, CCIM
(216) 469-2425
Source
Moodyscre
Added: Feb 23 Updated: Jul 21 at 11:51AM Checked: Jul 21 at 11:51AM
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 Hanna Commercial Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This office building is configured for a traditional office environment, with executive offices and cubicles alongside multiple individual offices. Interior amenities include a kitchen and breakroom to support daily operations, and a conference room located on the second floor.
The property is offered for sale and totals 4,550 square feet.
The space is well suited for businesses needing a mix of private offices and shared work areas, with dedicated conference space for meetings and collaboration.
The property is offered for sale and totals 4,550 square feet.
The space is well suited for businesses needing a mix of private offices and shared work areas, with dedicated conference space for meetings and collaboration.
Key Highlights
- Executive office and cubicle layout with multiple individual offices
- Conference room on the second floor
- Kitchen and breakroom
Local Financial Insights For Office B
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 | $103.2k | $22.68 |
| − Vacancy | −$20.6k | −$4.54 |
| EGI | $82.6k | $18.14 |
| − OpEx | −$20.6k | −$4.54 |
| NOI | $61.9k | $13.61 |
4,550 SF · lease $22.68/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$884.5K
$774.0K – $1.03M
NOI $61,916 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$971.6K – $1.30M
NOI $77,724 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ohio Blow Pipe ...
Corporate Office
INNOVEYANCE
Industrial Manufacturer
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FAQs
What type of property is this?
Office building - Executive and cubicle office layout includes multiple individual offices, plus a second-floor conference room and breakroom.
Where is this office building located?
The property is located at 446 E 131st St Cleveland, OH.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Executive office and cubicle layout with multiple individual offices; Conference room on the second floor; Kitchen and breakroom
