High Image Office
835-835 Detroit Road Cleveland, OH 44145
835-835 Detroit Road, Cleveland, OH, 44145
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For Sale
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Vibrant office condo with modern finishes and convenient location.
Property Size12,227 SF
Price / SF$149
Days on Market2333
Property Features for 835-835 Detroit Road
General Information
- Standard status
- Active
- Size
- 12,227 SF
- Property subtype
- OFFICE
Properties For Sale
at 835-835 Detroit Road Contact us
Listing Agency
Cresco Real Estate | Cleveland
(216) 525-1464
Listed by
Joseph V. Barna, SIOR
Source
Moodyscre
Added: Feb 26, 2020 Checked: Jul 17 at 5:16 am
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 Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This high image office condominium features a combination of open office space, private offices, conference rooms, and a break room. The space has modern, innovative finishes throughout. HOA fees cover property maintenance, common area cleaning, landscaping, snowplowing, trash removal, and water/sewer services. A 20 meg fiber connection is available for internet access. The property is located off Detroit Road, providing easy access to I-90 via the Columbia Road or Clague Road interchange. It is also situated minutes away from Crocker Park, University Hospital Westlake, Cleveland Clinic Westlake, and Fairview Hospital Westlake Medical Campus. The property offers 12227 square feet of space. A potential sale-leaseback arrangement is possible for part of the space, presenting an ideal opportunity for a user or user investor.
Key Highlights
- Excellent combination of open office space, private offices, conference rooms, and break room.
- Ideal user or user investor opportunity with potential sale‑leaseback for part of the space.
- Convenient location off Detroit Road with easy access to I‑90.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $277.3k | $22.68 |
| − Vacancy | −$55.5k | −$4.54 |
| EGI | $221.8k | $18.14 |
| − OpEx | −$55.5k | −$4.54 |
| NOI | $166.4k | $13.61 |
12,227 SF · lease $22.68/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.38M
$2.08M – $2.77M
NOI $166,385 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,865 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Vibrant office condo with modern finishes and convenient location.
Where is this office units located?
The property is located at 835-835 Detroit Road Cleveland, OH.
What is the asking price?
The asking price for this property is $1,834,000.
What are key features of this property?
This property features: Excellent combination of open office space, private offices, conference rooms, and break room.; Ideal user or user investor opportunity with potential sale‑leaseback for part of the space.; Convenient location off Detroit Road with easy access to I‑90.
