Warehouse with Loading
New
For Sale
$595,000
4765 E 131st Street, Cleveland, OH 44105
CommercialSale, Cleveland, OH
Property Size6,000 SF
Lot Size0.62 Acres
Price / SF$99.17
Days on Market3
Property Features for 4765 E 131st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Subdivision
Cranwood Park 05
Elementary school district
Garfield Heights CSD - 1815
Middle school district
Garfield Heights CSD - 1815
High school district
Garfield Heights CSD - 1815
Directions
-
Standard status
Active
APN
546-10-063
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
F 135.10 AC .6156 S/R 2006
Tax Annual Amount
4974
Legal Description
F 135.10 AC .6156 S/R 2006
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
Office Area
Conference Room
Break Room/Kitchenette
Building Details
Year built
1960
Roof type
Flat
Listing Agency:
Keller Williams Elevate · Keller Williams Realty
(440) 572-1200
Listed By:
Stacy N Nugent · License #2015003217
(216) 299-5092
Added: Oct 8
Last Checked: Oct 10 at 7:06PM
MLS# 5251551
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 6,000-square-foot warehouse sits on a 0.6156-acre lot and includes two loading docks and a 12-foot overhead door. Interior areas include private offices, open workspace, a conference room, and a kitchenette. The building has forced-air heating, central air conditioning, and an upgraded electrical system. Interior and exterior remodeling has been completed, and the lot has new asphalt paving.
Key Highlights
- 6,000‑square‑foot warehouse on a 0.6156‑acre lot
- Two loading docks and a 12‑foot overhead door
- Private offices, open workspace, conference room, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,932
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,640
$598.6K
Cap Rate 7%
$427,600
$427.6K
Cap Rate 9%
$332,578
$332.6K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$36.7K $6.12/SF
− Vacancy
−$1.5K −$0.25/SF
EGI
$35.2K $5.87/SF
− OpEx
−$5.3K −$0.88/SF
NOI
$29.9K $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%
$598,640
Cap Rate 7%
$427,600
Cap Rate 9%
$332,578
Alternative Uses
Best Use
Warehouse
$427.6K
$374.2K – $498.9K
NOI $29,932 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$352.1K
$308.1K – $410.8K
NOI $24,650 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,493 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Cleveland, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Remodeled industrial space includes private offices, a conference room, and a staff kitchenette.
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: 6,000‑square‑foot warehouse on a 0.6156‑acre lot; Two loading docks and a 12‑foot overhead door; Private offices, open workspace, conference room, and kitchenette
