Brick Retail Storefront with
For Sale
$265,000
4873 Broadview Rd, Cleveland, OH 44109
Brick retail building offers two ~1,000-square-foot sections with independent entrances and updated HVAC systems.
Property Size2,000 SF
Price / SF$132.50
Days on Market182
Property Features for 4873 Broadview Rd
General Information
Standard status
Active
Size
2,000 SF
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1951
Construction
classic brick front
Listing Agency:
RE/MAX Above & Beyond
Listed By:
Robert J Cole Sr. · License #2016001279
(440) 241-5221
Source:
Theacclaimedrealty
Added: Apr 24
Changed: Oct 16
Last Checked: Oct 21 at 1:32AM
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 RE/MAX Above & Beyond
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Investment Insights
Based on property information with market context.
This 2,000-square-foot brick retail storefront features a classic exterior and a flexible interior layout designed for retail operations. The building is divided into two separate sections, each at approximately 1,000 square feet, with independent entrances for easy access to either side. The property is supported by modern mechanical updates, including a 2019 furnace and air conditioning unit, along with an updated hot water tank.
A convenient asphalt driveway provides access for customers and vehicles, supporting practical parking needs for the business. The lot is fully fenced with a 6-foot wood privacy fence, creating a defined, enclosed area suitable for customer use and potential on-site storage.
The current configuration is a retail storefront, with ample space for merchandise display and customization to fit different retail layouts.
A convenient asphalt driveway provides access for customers and vehicles, supporting practical parking needs for the business. The lot is fully fenced with a 6-foot wood privacy fence, creating a defined, enclosed area suitable for customer use and potential on-site storage.
The current configuration is a retail storefront, with ample space for merchandise display and customization to fit different retail layouts.
Key Highlights
- 2,000 SF retail building with classic brick front and flexible interior layout
- Divided into two ~1,000‑SF sections, each with an independent entrance
- 2019 furnace and air conditioning unit for year‑round heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,215
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,300
$384.3K
Cap Rate 7%
$274,500
$274.5K
Cap Rate 9%
$213,500
$213.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$2.6K −$1.28/SF
EGI
$27.5K $13.73/SF
− OpEx
−$8.2K −$4.12/SF
NOI
$19.2K $9.61/SF
Area
Cleveland, OH
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,300
Cap Rate 7%
$274,500
Cap Rate 9%
$213,500
Alternative Uses
Best Use
Retail
$274.5K
$240.2K – $320.3K
NOI $19,215 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.1K
$427.1K – $569.4K
NOI $34,164 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44109, OH
39,121
Population
19,588
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
81%
High-School Grad
7.1 sq mi
ZIP Area
5,510
Density / Sq Mi
$43,130
Median Household Income
$34,050
Median Earnings
$861
Median Rent
$112,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Cleveland, OH
Similar Off Market Nearby
- In Your Vase LLC — 2226 North Ave, Parma, OH 44134
Frequently Asked Questions
What type of property is this?
Storefront property - Brick retail building offers two ~1,000-square-foot sections with independent entrances and updated HVAC systems.
Where is this storefront property located?
The property is located at 4873 Broadview Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,000 SF retail building with classic brick front and flexible interior layout; Divided into two ~1,000‑SF sections, each with an independent entrance; 2019 furnace and air conditioning unit for year‑round heating and cooling
