Distribution Center on
For Sale
$1,435,000
8101 Union Avenue, Cleveland, OH 44105
Industrial distribution facility offering substantial land area for commercial operations.
Property Size18,400 SF
Lot Size8.00 Acres
Price / SF$77.99
Days on Market108
Property Features for 8101 Union Avenue
General Information
Standard status
Active
Size
18,400 SF
Lot size
8.00 Acres
Property subtype
Industrial
Building Details
Building Size
18,400 SF
Listing Agency:
CBRE - Cleveland
Listed By:
Mike Petrigan · License #SAL.0000435412
(216) 363-6435
Source:
Cbre
Added: Jul 3
Changed: Oct 8
Last Checked: Oct 16 at 7:38AM
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 CBRE - Cleveland
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Investment Insights
Based on property information with market context.
This distribution center comprises an 18,400-square-foot facility situated on 8 acres. The property is located at 8101 Union Avenue in Cleveland, Ohio, 44105.
Key Highlights
- 18,400‑square‑foot distribution facility
- Situated on 8 acres
- 8101 Union Avenue location in Cleveland, OH 44105
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,792
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,840
$1.8M
Cap Rate 7%
$1,311,314
$1.3M
Cap Rate 9%
$1,019,911
$1.0M
Market Conditions
NOI Build-Up for 18,400 SF
Gross rent
$112.6K $6.12/SF
− Vacancy
−$4.6K −$0.25/SF
EGI
$108.0K $5.87/SF
− OpEx
−$16.2K −$0.88/SF
NOI
$91.8K $4.99/SF
Area
Cleveland, OH
Vacancy
4.10%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,840
Cap Rate 7%
$1,311,314
Cap Rate 9%
$1,019,911
Alternative Uses
Best Use
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,792 @ 7.0% cap · market cap 6.40%
Second Best
Industrial
$1.08M
$944.9K – $1.26M
NOI $75,594 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,313 @ 7.0% cap · market cap 21.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 44105, OH
34,100
Population
17,528
Households
1.9
Avg Household Size
38
Median Age
11%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
3,831
Density / Sq Mi
$38,294
Median Household Income
$32,389
Median Earnings
$888
Median Rent
$56,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Cleveland, OH
Frequently Asked Questions
What type of property is this?
Distribution center - Industrial distribution facility offering substantial land area for commercial operations.
Where is this distribution center located?
The property is located at 8101 Union Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $1,435,000.
What are key features of this property?
This property features: 18,400‑square‑foot distribution facility; Situated on 8 acres; 8101 Union Avenue location in Cleveland, OH 44105
