Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    669 E 185Th St Euclid, OH 44119

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile retail/service building with income in prime location.

    Property size:
    6,637 SF
    Lot size:
    0.27 Acres

    Property Features for 669 E 185Th St

    General Information

    Standard status
    Active
    Size
    6,637 SF
    Lot size
    0.27 Acres

    Building Details

    Year built
    1850

    We can help!

    Listing Contact
    Robert Ross
    Source: Crexi

    Listing Agency: Russell Real Estate Services - Brecksville Listing Agent: Robert Ross

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    E. 185th St Commercial Building

    This two-story commercial building is located on the busy E. 185th Street retail corridor, serving the Cleveland and Euclid communities. Currently configured for spa, massage, and personal services, the property features multiple private rooms and flexible interior space. It can easily accommodate retail, office, wellness, or service-based businesses. The first floor could be divided into two storefronts or converted into an open retail floor plan. The second floor is occupied by a gym tenant that has been operating in the building since 1959, paying $700 per month. This provides immediate income for investors or owner-operators. Situated minutes from Lake Erie, the Waterloo Arts District, and Cleveland Metroparks, the location benefits from neighborhood foot traffic, nearby restaurants and shops, and convenient access to 1-90 and downtown Cleveland. This is an ideal opportunity for owner-occupants, retail operators, or investors seeking flexible commercial space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.549598
    Latitude
    41.58891

    Nearby Similar for Sale

    • $500,000
      0.30 Acres

      Turnkey Bar & Grill Opportunity

      Established bar and grill with real estate and equipment included.
      21702 Saint Clair Ave, Euclid, OH 44117
      View Details
    • $279,000
      0.27 Acres

      Retail/Service Building with Income

      Two-story commercial building on E. 185th Street retail corridor.
      669 E 185Th St E, Euclid, OH 44119
      View Details
    • New
      $139,900
      0.12 Acres

      Commercial Building Ready For Use

      Free standing commercial building ready for any commercial use.
      1451 E 193Rd St, Euclid, OH 44117
      View Details
    • $350,000
      1.32 Acres

      Versatile Warehouse Space For Sale

      Multi-tenant warehouse with flexible layout, ideal for industrial and storage.
      1440 Dille Rd, Euclid, OH 44117
      View Details
    • New
      $300,000
      Pending

      Sprawling Multi-Family Home on Acreage

      Unique property on nearly five acres of protected woodland.
      22791 Harms Rd, Euclid, OH 44143
      View Details
    • $950,000
      0.30 Acres

      Retail Property in Euclid, Ohio

      Retail property for sale in Euclid, Ohio.
      321 Babbitt Rd, Euclid, OH 44123
      View Details
    • New
      $190,000
      0.08 Acres

      Remodeled Duplex with Income Potential

      Fully remodeled duplex in Euclid, OH, with potential for expansion.
      18627 Abby Ave, Euclid, OH 44119
      View Details
    • $210,000
      1,656 SF

      Solid Brick Duplex with Garage

      Euclid duplex with two units, garage, and updates.
      275 E 200Th St, Euclid, OH 44119
      View Details
    • $140,000
      Pending

      Euclid Duplex: Income Opportunity

      Income-producing duplex in Euclid with separate entrances and utilities.
      19326 Tyronne Ave, Euclid, OH 44119
      View Details
    • $149,900
      Pending

      Euclid Duplex: Turnkey Investment

      Fully occupied duplex near downtown Euclid generating $2,095 monthly income.
      19830 Monterey Ave, Euclid, OH 44119
      View Details
    • $336,800
      0.11 Acres

      Euclid Multifamily Property Near Lake

      Well-maintained triplex near Lake Erie, close to Cleveland.
      21051 S Lake Shore Blvd, Euclid, OH 44123
      View Details
    • $229,900
      Pending

      Well-Maintained Brick Duplex Opportunity

      Updated duplex near major roadways, ideal for owner-occupants or investors.
      890 E 250Th St, Euclid, OH 44132
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile retail/service building with income in prime location.
    Where is this retail space located?
    The property is located at 669 E 185Th St Euclid, OH.
    What are key features of this property?
    This property features: - Prime location on the busy E. 185th Street retail corridor.; - Flexible interior space suitable for retail, office, wellness, or service-based businesses.; - Immediate income from a long-standing gym tenant.
    Request Owner's contact information
    669 E 185Th St Euclid, OH 44119
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    669 E 185Th St
    Euclid, OH 44119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    669 E 185Th St Euclid, OH 44119
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert Ross
    Real Estate License ID: SAL2020008275
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!