Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4900 Train Ave Cleveland, OH 44102

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $799,000

    24,322 SF industrial building suitable for distribution and warehousing.

    Property size:
    24,322 SF
    Lot size:
    0.90 Acres

    Property Features for 4900 Train Ave

    General Information

    Standard status
    Active
    Zoning
    GI-B3 (General Industry)
    Size
    24,322 SF
    Lot size
    0.90 Acres

    Building Details

    Year built
    1947

    We can help!

    Listing Contact
    Sam Everson
    Sam Everson
    Source: Crexi

    Listing Agency: JLL - Cleveland, Ohio Listing Agent: Sam Everson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Cleveland Industrial Building For Sale

    This 24,322 square foot industrial building, situated on 0.9 acres in Cleveland, Ohio, is available for sale. The property is suitable for distribution, warehousing, and light manufacturing purposes. It benefits from immediate access to Interstate 90 and is located minutes from downtown Cleveland. The building features ample office space, including former warehouse space that has been converted into modern office areas with tall ceilings and cubicle layouts. A new roof coating was installed in 2025. The property also includes a large parking lot on site, with additional vehicle parking available along the east side of the building. The building has been well-maintained.
    Location Intelligence

    Current Use by Public Records

    Healthy Cleaning Group General Contractor Phillips Brush Cosmetic Store Global Village Retail ... Business Management Consultant JFL Enterprise Inc. Production Facility Neighborly Nurse Advisors Nursing Home

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Self-Storage at U-Haul, U-Box, IncaAztec Self Storage- Clark, Supreme Storage Containers

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7209116
    Latitude
    41.472173

    Nearby Similar for Sale

    • $385,000
      1,500 SF

      Cleveland Commercial Flex Space For Sale

      Versatile commercial space with warehouse and office components in Cleveland.
      12703 Triskett Rd, Cleveland, OH 44111
      View Details
    • $430,000
      0.15 Acres

      West Park Office Building Investment

      1929 brick office building in Cleveland's West Park neighborhood.
      16903 Fischer Rd, Cleveland, OH 44107
      View Details
    • $699,900
      2,206 SF

      Tremont Mixed-Use Investment Opportunity

      Versatile Tremont property for live, work, and investment.
      2280 W 10Th St, Cleveland, OH 44113
      View Details
    • $425,000
      1,440 SF

      Established Cleveland Convenience Store Opportunity

      Established convenience store with real estate and expansion potential for sale.
      15315 Bartlett Ave, Cleveland, OH 44120
      View Details
    • $285,000
      2,000 SF

      Retail Store with Brick Front

      2,000 SF retail store with updated amenities and parking.
      4873 Broadview Rd, Cleveland, OH 44109
      View Details
    • New
      $148,000
      0.14 Acres

      Well-Maintained Commercial Property with Parking

      Commercial property with parking, multiple entrances, and highway access.
      988 E 185Th St, Cleveland, OH 44119
      View Details
    • $99,000
      0.25 Acres

      Freestanding Commercial Building on Euclid

      High-visibility commercial building suitable for salon, retail, or service businesses.
      17201 Euclid Ave, Cleveland, OH 44112
      View Details
    • $625,000
      0.10 Acres

      Historic Cleveland Building Redevelopment Opportunity

      Iconic three-story brick building near Cleveland State University and Playhouse Square.
      1740 E 17Th St, Cleveland, OH 44114
      View Details
    • $699,000
      0.40 Acres

      Turnkey Entertainment Venue Opportunity

      Over 10,000 sq ft flexible space for nightlife, dining.
      3560 E 93Rd St, Cleveland, OH 44105
      View Details
    • $399,000
      6,502 SF

      Renovated Cleveland Multifamily Investment Opportunity

      Fully renovated 4-unit property in a growing Cleveland neighborhood.
      8111 Madison Ave, Cleveland, OH 44102
      View Details
    • New
      $325,000
      3,772 SF

      Updated Turn-Key Cleveland Triplex

      Updated triplex with income potential for investors or owner-users.
      6415 Gertrude Ave, Cleveland, OH 44105
      View Details
    • New
      $375,000
      3,490 SF

      Old Brooklyn Quadruplex Opportunity

      Solid brick 4-unit property in Cleveland's Old Brooklyn neighborhood.
      4764 Pearl Rd, Cleveland, OH 44109
      View Details

    FAQs

    What type of property is this?
    Warehouse - 24,322 SF industrial building suitable for distribution and warehousing.
    Where is this warehouse located?
    The property is located at 4900 Train Ave Cleveland, OH.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Immediate access to I-90 and minutes from downtown Cleveland.; - 24,322 SF industrial building suitable for distribution, warehousing, or light manufacturing.; - New roof coating installed in 2025.
    Request Owner's contact information
    4900 Train Ave Cleveland, OH 44102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4900 Train Ave
    Cleveland, OH 44102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4900 Train Ave Cleveland, OH 44102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sam Everson
    Sam Everson
    Real Estate License ID: 2023000554
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!