Warehouse with Loading
For Sale
$595,000
4765 E 131st Street, Cleveland, OH 44105
The remodeled facility combines shipping infrastructure with dedicated office and staff areas.
Property Size5,980 SF
Price / SF$99.50
Days on Market23
Property Features for 4765 E 131st Street
General Information
Standard status
Active
Size
5,980 SF
Total Parking Spaces
15
Property subtype
Commercial
Site & Location
Neighborhood
Corlett
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
1
Additional Details
Asking Price
$595,000
Property Use
Light Industrial
Taxes and HOA fees
Annual Taxes
$4,974
Amenities
Office Area
Conference Room
Break Room/Kitchenette
Building Details
Building Size
5,980 SF
Year Built
1960
Listing Agency:
Keller Williams Elevate
(440) 572-1200
Listed By:
Stacy N Nugent · License #2022002552
(216) 299-5092
Source:
Kimberlysrealtycorp
Added: Oct 8
Changed: Oct 30
Last Checked: Oct 29 at 10:23PM
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 Keller Williams Elevate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse has two loading docks and a 12-foot overhead door. Its interior and exterior have been remodeled, with updated HVAC and electrical systems. Office space includes private rooms and open work areas, alongside a conference room and a break room with kitchenette.
The paved lot has new asphalt. The property is located at 4765 E 131st Street in Cleveland, Ohio.
The paved lot has new asphalt. The property is located at 4765 E 131st Street in Cleveland, Ohio.
Key Highlights
- Two loading docks support shipping and receiving
- 12‑foot overhead door
- Remodeled interior and exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,833
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,660
$596.7K
Cap Rate 7%
$426,186
$426.2K
Cap Rate 9%
$331,478
$331.5K
Market Conditions
NOI Build-Up for 5,980 SF
Gross rent
$36.6K $6.12/SF
− Vacancy
−$1.5K −$0.25/SF
EGI
$35.1K $5.87/SF
− OpEx
−$5.3K −$0.88/SF
NOI
$29.8K $4.99/SF
Area
Cleveland, OH
Vacancy
4.10%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,660
Cap Rate 7%
$426,186
Cap Rate 9%
$331,478
Alternative Uses
Best Use
Warehouse
$426.2K
$372.9K – $497.2K
NOI $29,833 @ 7.0% cap · market cap 5.01%
Second Best
Industrial
$351.0K
$307.1K – $409.5K
NOI $24,568 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,152 @ 7.0% cap · market cap 17.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44105, OH
34,100
Population
17,528
Households
1.9
Avg Household Size
38
Median Age
11%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
3,831
Density / Sq Mi
$38,294
Median Household Income
$32,389
Median Earnings
$888
Median Rent
$56,400
Median Home Value
Market
Vacancy Rate% for Industrial in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Warehouse - The remodeled facility combines shipping infrastructure with dedicated office and staff areas.
Where is this warehouse located?
The property is located at 4765 E 131st Street Cleveland, OH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two loading docks support shipping and receiving; 12‑foot overhead door; Remodeled interior and exterior
