Two-Building Mixed-Use
6624/6626 Engle Road, Middleburg Heights, OH 44130
For Sale
$398,000
Both buildings have mixed-use zoning, separate utility meters, and on-site parking.
Property Size2,776 SF
Price / SF$143.37
Days on Market300
Property Features for 6624/6626 Engle Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Utilities to Site
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
2000 Professional Realty
Listed By:
Robin Siciliano · License #370930
(440) 390-8978
Source:
Lifestagesrealty
Added: Jan 13
Changed: Nov 6
Last Checked: Nov 7 at 2:43PM
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 2000 Professional Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering includes two buildings at 6624 and 6626 Engle Road, each zoned for mixed-use and equipped with separate utility meters. Both structures received new roofs in 2023, and each has its own parking area. The furnace at 6626 Engle Road was also replaced in 2023.
The property is near interstate access and Hopkins Airport. The two buildings are offered together.
The property is near interstate access and Hopkins Airport. The two buildings are offered together.
Key Highlights
- Two buildings included in the sale
- Mixed‑use zoning at both buildings
- Seven parking spaces at each building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,732
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,640
$574.6K
Cap Rate 7%
$410,457
$410.5K
Cap Rate 9%
$319,244
$319.2K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$50.0K $18.00/SF
− Vacancy
−$4.0K −$1.44/SF
EGI
$46.0K $16.56/SF
− OpEx
−$17.2K −$6.21/SF
NOI
$28.7K $10.35/SF
Area
ZIP 44130
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,640
Cap Rate 7%
$410,457
Cap Rate 9%
$319,244
Alternative Uses
Best Use
Mixed Use
$410.5K
$359.2K – $478.9K
NOI $28,732 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.7K
$457.4K – $609.8K
NOI $36,588 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 44130, OH
50,825
Population
23,819
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
92%
High-School Grad
17.1 sq mi
ZIP Area
2,972
Density / Sq Mi
$68,099
Median Household Income
$43,474
Median Earnings
$1,045
Median Rent
$184,900
Median Home Value
Market
Properties on Market for Mixed-use properties in Cuyahoga County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Both buildings have mixed-use zoning, separate utility meters, and on-site parking.
Where is this mixed-use property located?
The property is located at 6624/6626 Engle Road Middleburg Heights, OH.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Two buildings included in the sale; Mixed‑use zoning at both buildings; Seven parking spaces at each building
