Superior Avenue Automotive
For Sale
Contact for pricing
4616 Superior Ave, Cleveland, OH 44103
Auto shop with high visibility and recent upgrades for sale.
Property Size8,091 SF
Price / SF$80.34
Days on Market241
Property Features for 4616 Superior Ave
General Information
Standard status
Active
Size
8,091 SF
Property subtype
Industrial
Building Details
Year Built
1974
Tenancy
Single
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
Eliot Kijewski · License #OH SAL.2003003809
(216) 525-1487
Source:
Crexi
Added: Feb 7
Changed: Oct 3
Last Checked: Oct 5 at 5:07PM
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 Cushman & Wakefield | CRESCO Real Estate
Investment Insights
Based on property information with market context.
This property features a fully functioning paint booth and high visibility on Superior Avenue, which sees approximately 14,000 vehicles per day. Recent upgrades include interior and exterior paint, LED lighting, office renovations, and radiant tube heat. The location is suitable for auto repair, detailing, contractors, and other businesses. The property is conveniently located near I-90, Downtown Cleveland, and a densely populated residential area, providing strong accessibility and visibility. The property size is 8091 square feet.
Key Highlights
- Fully functioning paint booth included in sale.
- High visibility location on Superior Avenue (approx. 14,000 vehicles per day).
- Suitable for auto repair, detailing, contractors, and more.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,241
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,820
$664.8K
Cap Rate 7%
$474,871
$474.9K
Cap Rate 9%
$369,344
$369.3K
Market Conditions
NOI Build-Up for 8,091 SF
Gross rent
$49.5K $6.12/SF
− Vacancy
−$2.0K −$0.25/SF
EGI
$47.5K $5.87/SF
− OpEx
−$14.2K −$1.76/SF
NOI
$33.2K $4.11/SF
Area
Cleveland, OH
Vacancy
4.10%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,820
Cap Rate 7%
$474,871
Cap Rate 9%
$369,344
Alternative Uses
Best Use
Retail
$1.11M
$971.7K – $1.30M
NOI $77,734 @ 7.0% cap · market cap 11.96%
Second Best
Industrial
$474.9K
$415.5K – $554.0K
NOI $33,241 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,212 @ 7.0% cap · market cap 21.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44103, OH
14,469
Population
9,479
Households
1.5
Avg Household Size
43
Median Age
12%
College-Educated
78%
High-School Grad
4.1 sq mi
ZIP Area
3,529
Density / Sq Mi
$24,219
Median Household Income
$27,495
Median Earnings
$720
Median Rent
$57,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Cleveland, OH
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop with high visibility and recent upgrades for sale.
Where is this auto shop located?
The property is located at 4616 Superior Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully functioning paint booth included in sale.; High visibility location on Superior Avenue (approx. 14,000 vehicles per day).; Suitable for auto repair, detailing, contractors, and more.
