Retail Storefront with Independent
For Sale
$270,000
4873 Broadview Road, Cleveland, OH 44109
SINGLE_FAMILY - Cleveland, OH
Property Size2,000 SF
Lot Size0.18 Acres
Price / SF$135
Days on Market153
Property Features for 4873 Broadview Road
General Information
Property type
Residential
Property subtype
Retail
Parking
10
Subdivision
August Cook Allotment
Elementary school district
Cleveland Municipal - 1809
Middle school district
Cleveland Municipal - 1809
High school district
Cleveland Municipal - 1809
Directions
North of Brookpark and off of Broadview Rd
Standard status
Active
APN
010-10-003
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
78 COOKSUB 0003 ALL
Tax Annual Amount
3373
Legal Description
78 COOKSUB 0003 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1951
Listing Agency:
RE/MAX Above & Beyond · RE/MAX International
(440) 842-7200
Listed By:
Robert J Cole Sr. · License #2016001279
(440) 241-5221
Added: Mar 19
Changed: Jul 9
Last Checked: Aug 18 at 8:06AM
MLS# 5194765
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.
This 2,000-square-foot retail storefront offers a classic brick front and a layout designed for flexibility. The building is divided into two separate sections, each approximately 1,000 square feet, with independent entrances that allow each side to operate separately. Inside, the space supports a variety of retail configurations depending on merchandising needs.
Located at 4873 Broadview Road in Cleveland, OH 44109, the property includes an asphalt driveway for convenient access and parking to both entrances. The lot is fully fenced with a 6-foot wood privacy fence, which can help create a secure, contained area for customer use and potential storage.
For tenants or owners looking for a storefront setup with separation and multiple access points, the independent entrances can support different retail operations or flexible occupancy strategies within the same building. The property also includes updated mechanical systems, with a 2019 furnace and air conditioning unit to support year-round comfort, along with a hot water tank update for reliability. Overall, the combination of curb-ready exterior, practical site access, and divisible interior space makes the building workable for a range of retail uses.
Located at 4873 Broadview Road in Cleveland, OH 44109, the property includes an asphalt driveway for convenient access and parking to both entrances. The lot is fully fenced with a 6-foot wood privacy fence, which can help create a secure, contained area for customer use and potential storage.
For tenants or owners looking for a storefront setup with separation and multiple access points, the independent entrances can support different retail operations or flexible occupancy strategies within the same building. The property also includes updated mechanical systems, with a 2019 furnace and air conditioning unit to support year-round comfort, along with a hot water tank update for reliability. Overall, the combination of curb-ready exterior, practical site access, and divisible interior space makes the building workable for a range of retail uses.
Key Highlights
- Classic brick front provides excellent curb appeal.
- Two separate 1,000 sq ft sections with independent entrances offer flexibility.
- Flexible interior layout is ideal for retail business.
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
$19,215
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
7.12%
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%
$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
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
$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 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%
$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 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.1K
$427.1K – $569.4K
NOI $34,164 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Cleveland, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two separate storefront sections with independent entrances and fenced yard provide flexible retail use with on-site parking.
Where is this storefront property located?
The property is located at 4873 Broadview Road Cleveland, OH.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Classic brick front provides excellent curb appeal.; Two separate 1,000 sq ft sections with independent entrances offer flexibility.; Flexible interior layout is ideal for retail business.
