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    Large Industrial Facility in Cleveland Title is generated by Realmo AI

    4600 Heidtman Pkwy, Cleveland, OH

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    Large-scale industrial facility with heavy manufacturing amenities and direct rail.

    Type:INDUSTRIAL
    Property size:
    266,837 SF
    Lot size:
    33.60 Acres
    Price / SF:
    $56/SF
    Added:
    May 26, 2025
    Days on Market:
    382
    Last Refresh:
    May 20 at 9:17 pm

    Property Features for 4600 Heidtman Pkwy

    General Information

    Standard status
    Active
    Size
    266,837 SF
    Lot size
    33.60 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Coleman Sorenson
    Coleman Sorenson

    Listing agent Coleman Sorenson

    Listing office Cresco Real Estate | Cleveland

    Listing date May 26, 2025

    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 Cresco Real Estate | Cleveland

    HighLights

    • Large‑scale industrial facility suitable for heavy manufacturing.
    • 11,700 kVA of 480V power, seven 35‑ton cranes (30'-40' under‑hook height), and direct rail service (Norfolk Southern & CSX) cater to heavy manufacturing.
    • 33.31 acres provide ample outdoor storage, including capacity for up to 50,000 tons of steel coil.
    • Excellent access to Cleveland Hopkins International Airport (CLE) and the Port of Cleveland facilitates diverse shipping options.
    • Located minutes from I‑77, providing easy access to a large workforce and the interstate system.
    • Rare opportunity to own a facility of this type in the heart of Cleveland.

    Overview

    This large-scale industrial facility, located in Cleveland, presents a unique opportunity for heavy manufacturing. The property includes heavy manufacturing amenities such as 11,700 kVA of 480V power delivery, seven 35-ton cranes with under-hook heights ranging from 30 to 40 feet, and direct rail service into the building provided by Norfolk Southern & CSX. The site spans 33.31 acres, allowing for substantial outdoor storage, including capacity for up to 50,000 tons of steel coil storage. The property offers convenient access to Cleveland Hopkins International Airport (CLE) and the Port of Cleveland, facilitating diverse shipping options. Located minutes from I-77, the facility benefits from easy access to a large workforce and the interstate systems of Northeast Ohio. The building has a size of 266,837 square feet.

    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 $1.63M $6.12
    − Vacancy −$67.0k −$0.25
    EGI $1.57M $5.87
    − OpEx −$234.9k −$0.88
    NOI $1.33M $4.99
    266,837 SF · lease $6.12/SF/yr · vacancy 4.10% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $19.02M
    $16.64M – $22.19M (±1% cap)
    NOI $1,331,175 @ 7.0% cap · market cap 8.87%
    Second Best
    Industrial
    $15.66M
    $13.70M – $18.27M (±1% cap)
    NOI $1,096,261 @ 7.0% cap · market cap 7.31%
    Theoretical Best
    Office A
    $65.12M
    $56.98M – $75.97M (±1% cap)
    NOI $4,558,174 @ 7.0% cap · market cap 30.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Worthington Samuel Coil ... Factory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6622
    Latitude
    41.464

    FAQs

    What type of property is this?
    Manufacturing property - Large-scale industrial facility with heavy manufacturing amenities and direct rail.
    Where is this manufacturing property located?
    The property is located at 4600 Heidtman Pkwy Cleveland, OH.
    What is the asking price?
    The asking price for this property is $14,999,999.
    What are key features of this property?
    This property features: Large‑scale industrial facility suitable for heavy manufacturing.; 11,700 kVA of 480V power, seven 35‑ton cranes (30'-40' under‑hook height), and direct rail service (Norfolk Southern & CSX) cater to heavy manufacturing.; 33.31 acres provide ample outdoor storage, including capacity for up to 50,000 tons of steel coil.
    (216) 520-1200 Call to check price and availability
    More about this property
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