Multi-Tenant Warehouse
For Sale
Contact for pricing
4780 Briar Road, Cleveland, OH 44135
Industrial warehouse building with three units, drive-in doors, LED lighting, and Reznor heating systems.
Property Size12,120 SF
Price / SF$74.17
Days on Market57
Property Features for 4780 Briar Road
General Information
Standard status
Active
Size
12,120 SF
Property subtype
Industrial
Zoning
General Industry
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
3
Building Details
Year Built
1964
Year Renovated
2025
Units
3
Tenancy
Multi
Listing Agency:
Gatto Group Inc
(216) 621-1800
Listed By:
Donny Gatto · License #2024006572
Source:
Crexi
Added: Jul 7
Changed: Aug 26
Last Checked: Aug 28 at 2:12PM
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 Gatto Group Inc
Investment Insights
Based on property information with market context.
Industrial multi-tenant warehouse property offering 12,120 square feet divided into three separate units. The building has all new electrical/wiring and plumbing throughout, along with modern LED lighting and Reznor heating systems. Each unit is served by drive-in doors sized from 10 to 14 feet and features clear heights ranging from 10 to 16 feet to support a variety of industrial configurations.
The property is located at 4780 Briar Road in Cleveland, Ohio. It is offered for sale as a warehouse facility well-suited to tenants seeking functional, unitized space with drive-in access.
The configuration is designed around clear-height warehouse functionality across three units, with new core building systems and contemporary lighting and heating.
The property is located at 4780 Briar Road in Cleveland, Ohio. It is offered for sale as a warehouse facility well-suited to tenants seeking functional, unitized space with drive-in access.
The configuration is designed around clear-height warehouse functionality across three units, with new core building systems and contemporary lighting and heating.
Key Highlights
- 1964‑built industrial multi‑tenant warehouse with 12,120 SF divided into three units
- All‑new electrical/wiring and plumbing throughout the building
- Modern LED lighting throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,463
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,209,260
$1.2M
Cap Rate 7%
$863,757
$863.8K
Cap Rate 9%
$671,811
$671.8K
Market Conditions
NOI Build-Up for 12,120 SF
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.
Gross rent
$74.2K $6.12/SF
− Vacancy
−$3.0K −$0.25/SF
EGI
$71.1K $5.87/SF
− OpEx
−$10.7K −$0.88/SF
NOI
$60.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,209,260
Cap Rate 7%
$863,757
Cap Rate 9%
$671,811
Alternative Uses
Best Use
Warehouse
$863.8K
$755.8K – $1.01M
NOI $60,463 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,037 @ 7.0% cap · market cap 23.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44135, OH
26,684
Population
12,035
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
84%
High-School Grad
10.2 sq mi
ZIP Area
2,616
Density / Sq Mi
$48,930
Median Household Income
$36,444
Median Earnings
$935
Median Rent
$119,100
Median Home Value
Market
Vacancy Rate% for Industrial in Cleveland, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage 52 — 5240 Smith Rd, Brook Park, OH 44142
- Rock-n-Roll City Harley-Davidson — 4985 W 150th St, Cleveland, OH 44135
- Corrigan Moving Systems — 13900 Keystone Pkwy, Cleveland, OH 44135
- Extra Space Storage — 4976 W 130th St, Cleveland, OH 44135
- Berea Moving & Storage Co. — 4755 W 150th St # J, Cleveland, OH 44135
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse building with three units, drive-in doors, LED lighting, and Reznor heating systems.
Where is this warehouse located?
The property is located at 4780 Briar Road Cleveland, OH.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 1964‑built industrial multi‑tenant warehouse with 12,120 SF divided into three units; All‑new electrical/wiring and plumbing throughout the building; Modern LED lighting throughout
