Industrial Flex
5446 Dunham Road, Maple Heights, OH 44137
For Sale
Contact for pricing
IND-zoned flex property combines warehouse and office areas with existing tenant occupancy and additional space for users.
Property Size57,560 SF
Price / SF$43.75
Days on Market96
Property Features for 5446 Dunham Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Investment Type
Additional Details
Highway Access
Office Build-Out
Building Details
Year Built
Stories
Tenancy
Building Size
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
Eliot Kijewski · License OH SAL.2003003809
(216) 906-2414
Source:
Crexi
Added: Aug 10
Changed: Nov 10
Last Checked: Nov 12 at 5:37AM
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 Cushman & Wakefield | CRESCO Real Estate
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Investment Insights
Based on property information with market context.
Built in 1912, this 57,560-square-foot flex facility combines industrial and office components in a mixed-use configuration. The property includes 37,570 square feet available for immediate occupancy, while two existing tenants occupy approximately 12,700 square feet. An additional 7,290 square feet of second-floor office space is available for occupancy or future expansion.
The property is located at 5446 Dunham Road in Maple Heights, within Cleveland’s Industrial Corridor and near I-480. IND zoning supports its industrial positioning, while the combination of occupied and available areas provides a varied operating configuration for an owner-user or industrial occupant.
The property is located at 5446 Dunham Road in Maple Heights, within Cleveland’s Industrial Corridor and near I-480. IND zoning supports its industrial positioning, while the combination of occupied and available areas provides a varied operating configuration for an owner-user or industrial occupant.
Key Highlights
- 57,560 SF mixed‑use flex facility built in 1912
- 37,570 SF available for immediate occupancy
- Two existing tenants occupy approximately 12,700 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,236
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,444,720
$1.4M
Cap Rate 7%
$1,031,943
$1.0M
Cap Rate 9%
$802,622
$802.6K
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$117.6K $5.88/SF
− Vacancy
−$6.5K −$0.32/SF
EGI
$111.1K $5.56/SF
− OpEx
−$38.9K −$1.94/SF
NOI
$72.2K $3.61/SF
Area
Cuyahoga County, OH
Vacancy
5.50%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,444,720
Cap Rate 7%
$1,031,943
Cap Rate 9%
$802,622
Alternative Uses
Best Use
Office B
$3.07M
$2.68M – $3.58M
NOI $214,722 @ 7.0% cap · market cap 24.54%
Second Best
Flex RnD
$1.03M
$903.0K – $1.20M
NOI $72,236 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$3.72M
$3.25M – $4.33M
NOI $260,064 @ 7.0% cap · market cap 29.72%
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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44137, OH
23,759
Population
10,076
Households
2.4
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,569
Density / Sq Mi
$52,990
Median Household Income
$34,690
Median Earnings
$1,322
Median Rent
$89,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Cuyahoga County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Bonnies Catering — 15789 Broadway Ave, Maple Heights, OH 44137
Frequently Asked Questions
What type of property is this?
Flex space - IND-zoned flex property combines warehouse and office areas with existing tenant occupancy and additional space for users.
Where is this flex space located?
The property is located at 5446 Dunham Road Maple Heights, OH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 57,560 SF mixed‑use flex facility built in 1912; 37,570 SF available for immediate occupancy; Two existing tenants occupy approximately 12,700 SF
