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    22019 Emery Rd Warrensville Heights, OH 44128

    Sponsored
    For Sale
    $695,000

    High-Cap Rate, Two-Tenant Property

    Property size:
    6,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two freestanding buildings totaling 6,350 square feet on a 0.992-acre lot in Warrensville Heights, Ohio. The property is a fee-simple ownership, featuring a net lease structure with 100% occupancy and a strong 8.5% cap rate, generating a net operating income (NOI) of $59,010. The tenants are Georgio's Oven Fresh Pizza and Starr Automotive, a long-term tenant since 1995. Georgio's, a regional chain with over 40 locations, occupies one building, while Starr Automotive occupies the other. The buildings offer valuable restaurant and automotive build-outs. Landlord responsibilities are minimal, primarily limited to landscaping and snow removal for the automotive tenant. This prime location boasts proximity to major employers, including a large Amazon fulfillment center, and numerous national retailers such as Aldi, Wendy's, and CVS, ensuring high visibility and strong tenant demand. The asking price is $695,000, translating to $109.45 per square foot. This property offers a compelling combination of strong cash flow, long-term tenants, and a strategic location near significant commercial activity. The investment sub-type is two freestanding buildings.

    Property Features for 22019 Emery Rd

    General Information

    Property type
    Restaurants
    Square Feet
    6,350 SF
    Lot Size
    43,212 SF

    Building Details

    Buildings
    2
    Units
    2

    HighLights

    • Two‑tenant freestanding building occupied by a quick‑service restaurant and an automotive business.
    • 8.5% projected first‑year capitalization rate.
    • Low‑maintenance, freestanding buildings with minimal landlord responsibilities.
    • Strategic location near a 900,000 SF Amazon fulfillment center.
    • Georgio's Pizza, with over 40 regional locations, is a tenant.
    • Starr Automotive has been a tenant since 1995.
    Property Profile Location Intelligence

    Current Use by Public Records

    Georgio's Oven Fresh ... Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrensville Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5235938
    Latitude
    41.4355906

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    FAQs

    What type of property is this?
    Restaurant - High-Cap Rate, Two-Tenant Property
    Where is this restaurant located?
    The property is located at 22019 Emery Rd Warrensville Heights, OH.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Two-tenant freestanding building occupied by a quick-service restaurant and an automotive business.; 8.5% projected first-year capitalization rate.; Low-maintenance, freestanding buildings with minimal landlord responsibilities.
    (216) 381-8200
    Request Owner's contact information
    22019 Emery Rd Warrensville Heights, OH 44128
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    Realmo Value Estimation

    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.

    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.

    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
    22019 Emery Rd Warrensville Heights, OH 44128
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