Brick Storefront with Rear
For Sale
$189,900
524 E 200th Street, Euclid, OH 44119
CommercialSale, Euclid, OH
Property Size1,700 SF
Lot Size0.09 Acres
Price / SF$111.71
Days on Market173
Property Features for 524 E 200th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Rooms
Basement
Parking
3
Subdivision
Monterey Heights
Elementary school district
Euclid CSD - 1813
Middle school district
Euclid CSD - 1813
High school district
Euclid CSD - 1813
Directions
Corner of E 200th and Renwood
Standard status
Active
APN
641-15-019
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
17-17 MONTHTSRES 0016 ALL
Tax Annual Amount
2224
Legal Description
17-17 MONTHTSRES 0016 ALL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s), Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1926
Number of units
1
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Jermaine N Brooks · License #2014001709
(216) 224-4326
Added: Apr 14
Changed: Sep 23
Last Checked: Oct 3 at 1:06AM
MLS# 5201126
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 approximately 1,700+ square-foot, all-brick storefront property is currently occupied by a cigar bar. The 1926 building includes a basement and has updated electrical, HVAC, and plumbing systems. Heating is provided by forced air, with central air, window units, and ceiling fans available for cooling. The sale is offered as-is and includes existing equipment, televisions, and amenities.
Located at 524 E 200th Street in Euclid, the property has rear parking along with street parking. Public water and public sewer serve the site, which covers 0.0884 acres. The corridor provides access to major highways and is situated within minutes of Downtown Cleveland, with nearby retail, restaurants, parks, and neighborhood businesses.
Located at 524 E 200th Street in Euclid, the property has rear parking along with street parking. Public water and public sewer serve the site, which covers 0.0884 acres. The corridor provides access to major highways and is situated within minutes of Downtown Cleveland, with nearby retail, restaurants, parks, and neighborhood businesses.
Key Highlights
- Approximately 1,700+ sq ft all‑brick storefront building
- Currently occupied by a cigar bar
- Updated electrical, HVAC, and plumbing systems
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
$16,243
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
8.55%
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%
$324,860
$324.9K
Cap Rate 7%
$232,043
$232.0K
Cap Rate 9%
$180,478
$180.5K
Market Conditions
NOI Build-Up for 1,700 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
$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 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%
$324,860
Cap Rate 7%
$232,043
Cap Rate 9%
$180,478
Alternative Uses
Best Use
Specialty Retail
$265.7K
$232.5K – $310.0K
NOI $18,597 @ 7.0% cap · market cap 9.79%
Second Best
Retail
$232.0K
$203.0K – $270.7K
NOI $16,243 @ 7.0% cap · market cap 8.55%
Theoretical Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,348 @ 7.0% cap · market cap 50.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Occupied cigar bar with updated building systems, public utilities, and convenient customer parking.
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: Approximately 1,700+ sq ft all‑brick storefront building; Currently occupied by a cigar bar; Updated electrical, HVAC, and plumbing systems
