Corner
5199 Mayfield Rd, Lyndhurst, OH 44124
For Sale
$550,000
A window-lined retail property with dedicated customer parking occupies a corner in an established community.
Property Size2,739 SF
Price / SF$200.80
Days on Market37
Property Features for 5199 Mayfield Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Corner Location
Building Details
Year Built
Listing Agency:
Keller Williams Chervenic Rlty
Listed By:
Patricia S Kurtz · License #C2006007481
(330) 802-1675
Source:
Mynexthomeonline
Added: Oct 4
Changed: Nov 8
Last Checked: Nov 8 at 6:37AM
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 Keller Williams Chervenic Rlty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,739-square-foot storefront was built in 1946 and features abundant windows. Twelve dedicated parking spaces are positioned at the front and side of the building.
At 5199 Mayfield Rd in Lyndhurst, the property sits at the corner of Mayfield and Willshire Roads, adjacent to a medical emergency facility.
At 5199 Mayfield Rd in Lyndhurst, the property sits at the corner of Mayfield and Willshire Roads, adjacent to a medical emergency facility.
Key Highlights
- 2,739‑square‑foot storefront built in 1946
- 12 dedicated parking spaces at the front and side of the building
- Corner location at Mayfield and Willshire Roads in Lyndhurst
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,262
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,240
$505.2K
Cap Rate 7%
$360,886
$360.9K
Cap Rate 9%
$280,689
$280.7K
Market Conditions
NOI Build-Up for 2,739 SF
Gross rent
$39.4K $14.40/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$36.1K $13.18/SF
− OpEx
−$10.8K −$3.95/SF
NOI
$25.3K $9.22/SF
Area
ZIP 44124
Vacancy
8.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,240
Cap Rate 7%
$360,886
Cap Rate 9%
$280,689
Alternative Uses
Best Use
Retail
$360.9K
$315.8K – $421.0K
NOI $25,262 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.7K
$451.3K – $601.7K
NOI $36,100 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44124, OH
40,530
Population
20,064
Households
2
Avg Household Size
44
Median Age
51%
College-Educated
96%
High-School Grad
15.2 sq mi
ZIP Area
2,666
Density / Sq Mi
$78,895
Median Household Income
$55,741
Median Earnings
$1,132
Median Rent
$210,600
Median Home Value
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Market
Properties on Market for Storefront properties in Cuyahoga County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Studio Z Floral & Event Design — Cleveland, OH 44124
- J D Ballantine — Cleveland, OH 44124
Frequently Asked Questions
What type of property is this?
Storefront property - A window-lined retail property with dedicated customer parking occupies a corner in an established community.
Where is this storefront property located?
The property is located at 5199 Mayfield Rd Lyndhurst, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,739‑square‑foot storefront built in 1946; 12 dedicated parking spaces at the front and side of the building; Corner location at Mayfield and Willshire Roads in Lyndhurst
