Warehouse For
For Sale
$525,000
826 Cleveland Rd, Ravenna, OH 44266
Warehouse property offered for sale at 826 Cleveland Rd in Ravenna, Ohio.
Property Size9,665 SF
Price / SF$54.32
Days on Market235
Property Features for 826 Cleveland Rd
General Information
Standard status
Active
Size
9,665 SF
Property subtype
Industrial
Zoning
Industrial
Building Details
Building Size
9,665 SF
Listing Agency:
Hoff & Leigh Fairlawn
(330) 940-9360
Listed By:
Jeff Davis · License #2001007317
(330) 351-5202
Source:
Hoffleigh
Added: Feb 18
Changed: Oct 9
Last Checked: Oct 9 at 4:10PM
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 Hoff & Leigh Fairlawn
Investment Insights
Based on property information with market context.
This warehouse property is being offered for sale. The offering is categorized as warehouses and other warehouse-type commercial real estate.
The property address is 826 Cleveland Rd in Ravenna, Ohio 44266. No additional details on building size, condition, office buildout, utilities, or site improvements are provided in the available information.
Interested parties should confirm all specifications and use considerations directly with the listing broker.
The property address is 826 Cleveland Rd in Ravenna, Ohio 44266. No additional details on building size, condition, office buildout, utilities, or site improvements are provided in the available information.
Interested parties should confirm all specifications and use considerations directly with the listing broker.
Key Highlights
- Warehouse property for sale at 826 Cleveland Rd in Ravenna, Ohio
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,130
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,600
$922.6K
Cap Rate 7%
$659,000
$659.0K
Cap Rate 9%
$512,556
$512.6K
Market Conditions
NOI Build-Up for 9,665 SF
Gross rent
$57.8K $5.98/SF
− Vacancy
−$3.5K −$0.36/SF
EGI
$54.3K $5.62/SF
− OpEx
−$8.1K −$0.84/SF
NOI
$46.1K $4.77/SF
Area
Portage County, OH
Vacancy
6.10%
Lease Rate
$5.98 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,600
Cap Rate 7%
$659,000
Cap Rate 9%
$512,556
Alternative Uses
Best Use
Warehouse
$659.0K
$576.6K – $768.8K
NOI $46,130 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,275 @ 7.0% cap · market cap 25.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44266, OH
32,606
Population
15,036
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
91.9 sq mi
ZIP Area
355
Density / Sq Mi
$61,211
Median Household Income
$40,068
Median Earnings
$904
Median Rent
$159,900
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 Midwest region
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Similar Off Market Nearby
- Adm — 537 Oakwood St, Ravenna, OH 44266
- Flex Storage — 822 Cleveland Rd, Ravenna, OH 44266
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property offered for sale at 826 Cleveland Rd in Ravenna, Ohio.
Where is this warehouse located?
The property is located at 826 Cleveland Rd Ravenna, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Warehouse property for sale at 826 Cleveland Rd in Ravenna, Ohio; Built in 1955
