Brick Retail Storefront with
4873 Broadview Road Cleveland, OH 44109
4873 Broadview Road, Cleveland, OH, 44109
$285,000
For Sale
$285,000
Brick retail building offers two ~1,000-square-foot sections with independent entrances and updated HVAC systems.
Property Size2,000 SF
Price / SF$142.50
Days on Market162
Property Features for 4873 Broadview Road
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1951
Listing agency
RE/MAX Above & Beyond
(440) 241-5221
Listed by
Robert Cole · License #2016001279
(440) 241-5221
Source
Xome
Added: Feb 10 Updated: Jul 22 at 11:30AM Checked: Jul 22 at 11:30AM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $15.00 |
| − Vacancy | −$2.6k | −$1.28 |
| EGI | $27.5k | $13.73 |
| − OpEx | −$8.2k | −$4.12 |
| NOI | $19.2k | $9.61 |
2,000 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$274.5K
$240.2K – $320.3K
NOI $19,215 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.1K
$427.1K – $569.4K
NOI $34,164 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
SomethingFishyInc.net
(Bike/Boat/Book/etc) Store
Hanan Floral LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- In Your Vase LLC — 2226 North Ave, Parma, OH 44134
FAQs
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 Road Cleveland, OH.
What is the asking price?
The asking price for this property is $285,000.
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
