Two-Suite Storefront
For Sale
$155,000
8400-8402 Cedar Avenue, Cleveland, OH 44103
The building contains two retail spaces, two bathrooms, and on-site parking.
Property Size1,331 SF
Price / SF$116.45
Days on Market234
Property Features for 8400-8402 Cedar Avenue
General Information
Standard status
Active
Size
1,331 SF
Property subtype
Retail
Site & Location
Neighborhood
Fairfax
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,066
Building Details
Building Size
1,331 SF
Year Built
1954
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Schmidt Realty
Listed By:
Christopher A Frederick · License #426983
(216) 210-7653
Source:
Lifestagesrealty
Added: Mar 12
Changed: Oct 30
Last Checked: Oct 30 at 2:08AM
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 Coldwell Banker Schmidt Realty
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Investment Insights
Based on property information with market context.
This freestanding storefront building provides 1,331 square feet, with the interior divided into two retail spaces and two bathrooms. Built in 1954, it is currently occupied by an operating business. The roof was replaced one year ago, and a tankless water heater was installed two years ago.
On-site parking serves the property at 8400-8402 Cedar Avenue in Cleveland, Ohio. The existing two-space arrangement offers a defined retail layout, while the building’s interior configuration can be considered alongside a prospective business’s needs.
On-site parking serves the property at 8400-8402 Cedar Avenue in Cleveland, Ohio. The existing two-space arrangement offers a defined retail layout, while the building’s interior configuration can be considered alongside a prospective business’s needs.
Key Highlights
- Freestanding 1,331‑square‑foot storefront building
- Two retail spaces and two bathrooms
- Roof replaced one year ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,788
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,760
$255.8K
Cap Rate 7%
$182,686
$182.7K
Cap Rate 9%
$142,089
$142.1K
Market Conditions
NOI Build-Up for 1,331 SF
Gross rent
$20.0K $15.00/SF
− Vacancy
−$1.7K −$1.28/SF
EGI
$18.3K $13.73/SF
− OpEx
−$5.5K −$4.12/SF
NOI
$12.8K $9.61/SF
Area
Cleveland, OH
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,760
Cap Rate 7%
$182,686
Cap Rate 9%
$142,089
Alternative Uses
Best Use
Retail
$182.7K
$159.9K – $213.1K
NOI $12,788 @ 7.0% cap · market cap 8.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.8K
$284.2K – $378.9K
NOI $22,736 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,082
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44103, OH
14,469
Population
9,479
Households
1.5
Avg Household Size
43
Median Age
12%
College-Educated
78%
High-School Grad
4.1 sq mi
ZIP Area
3,529
Density / Sq Mi
$24,219
Median Household Income
$27,495
Median Earnings
$720
Median Rent
$57,600
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 Retail in Cleveland, OH
Similar Off Market Nearby
- Cloud Florist — 8203 Cedar Ave, Cleveland, OH 44103
- Tokar Event Design — 7029 euclid ave, cleveland, oh 44103
Frequently Asked Questions
What type of property is this?
Storefront property - The building contains two retail spaces, two bathrooms, and on-site parking.
Where is this storefront property located?
The property is located at 8400-8402 Cedar Avenue Cleveland, OH.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Freestanding 1,331‑square‑foot storefront building; Two retail spaces and two bathrooms; Roof replaced one year ago
