Building Details

Building Size 1,699 SF

Year Built 1926

Buildings 1

Construction brick

Tenancy Single

Listing Agency: Show Phone

Listed By: Patrick Lucey

Source: Karenullomrealty

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 4:22PM

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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 Patrick Lucey

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Investment Insights

Based on property information with market context.

Built in 1926, this all-brick storefront contains 1,699 square feet on a 0.0884-acre parcel and is zoned Commercial. A cigar bar currently occupies the building. Updated electrical, HVAC, and plumbing systems are among its existing improvements. The sale is as-is and includes equipment and televisions on site.

The property fronts E. 200th Street in Euclid, with access to major highways and Downtown Cleveland. Nearby businesses include retail stores and restaurants, alongside parks and neighborhood-serving businesses. Rear parking and street parking are available.

Key Highlights

• 1,699‑square‑foot all‑brick storefront
• 0.0884‑acre parcel zoned Commercial
• Currently occupied by a cigar bar

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,243

Cap Rate

8.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$324,860 $324.9K

Cap Rate 7%

$232,043 $232.0K

Cap Rate 9%

$180,478 $180.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,700 SF

Gross rent

$25.5K $15.00/SF

− Vacancy

−$2.3K −$1.35/SF

EGI

$23.2K $13.65/SF

− OpEx

−$7.0K −$4.10/SF

NOI

$16.2K $9.56/SF

Area

Cuyahoga County, OH

Vacancy

9.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$324,860

Cap Rate 7%

$232,043

Cap Rate 9%

$180,478

Alternative Uses

Best Use

Specialty Retail

$265.7K

$232.5K – $310.0K (±1% cap)

NOI $18,597 @ 7.0% cap · market cap 9.79%

Second Best

Retail

$232.0K

$203.0K – $270.7K (±1% cap)

NOI $16,243 @ 7.0% cap · market cap 8.55%

Theoretical Best

Warehouse

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,348 @ 7.0% cap · market cap 50.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Cafe & Coffee Shop Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

895

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 44119, OH

12,134

Population

6,941

Households

1.7

Avg Household Size

44

Median Age

19%

College-Educated

94%

High-School Grad

2.2 sq mi

ZIP Area

5,515

Density / Sq Mi

$48,268

Median Household Income

$36,556

Median Earnings

$927

Median Rent

$109,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - The 1,699-square-foot property is occupied by a cigar bar and includes updated electrical, HVAC, and plumbing systems.

Where is this storefront property located?

The property is located at 524 E 200th Street Euclid, OH.

What is the asking price?

The asking price for this property is $189,900.

What are key features of this property?

This property features: 1,699‑square‑foot all‑brick storefront; 0.0884‑acre parcel zoned Commercial; Currently occupied by a cigar bar