Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29215 Euclid Ave Wickliffe, OH 44092

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Wickliffe Office/Retail, 11,650 SF Available

    Lot size:
    26,581 SF

    Property Features for 29215 Euclid Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,581 SF
    Total Rate
    11075.42

    Building Details

    Stories
    1

    Spaces For Lease

    at 29215 Euclid Ave, Wickliffe, OH 44092 Contact us
    Unit Unit E

    $9 /Mo

    Size
    8,500 SF
    Contact us

    We can help!

    Listing Contact
    Hiedi Winston
    Hiedi Winston

    Listing Agent: Hiedi Winston

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional single-story commercial property, Lloyd-Euclid Plaza, located at 29215 Euclid Ave, Wickliffe, OH 44092, offers 26,581 square feet of versatile space ideal for creative office or retail uses. Currently, a significant 11,650 square feet of contiguous space is immediately available, with a minimum divisible space of 3,150 square feet. The building features two total suites. The property boasts a highly visible location at a signalized corner with a monument sign, ensuring maximum exposure for your business. Zoned for retail, office, and showroom uses, this property is situated in the Northeast submarket of Lake County, within the Euclid-Wickliffe-Willowick cluster. The building is conveniently located near the Lloyd cross street. While there are no elevators, the single-story design provides easy accessibility. This is a rare opportunity to secure prime commercial space in a thriving location. The available space is perfect for businesses seeking high visibility and convenient access. Don't miss this chance to establish your presence in this dynamic area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wickliffe
    County
    Lake
    State
    Ohio
    Longitude
    -81.475185441822
    Latitude
    41.605241471874

    Nearby Similar for Lease

    • $2,100 /Mo
      13,251 SF

      Versatile Commercial Space in Wickliffe

      Flexible commercial space ideal for offices, retail, or wellness practices.
      29436 Euclid Ave, Wickliffe, OH 44092
      View Details
    • $4 SF/Yr
      50,000 SF

      Wickliffe Warehouse with Office Space

      30,803 SF warehouse with 1,000 SF office space available.
      29319 Clayton Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      1,944 SF

      Retail Space in High Traffic

      Neighborhood center with retail, office, and showroom zoning.
      29229-29231 Euclid Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      24,992 SF

      Updated Building on Bishop Road

      Modern retail building with expansion possibilities on high-traffic road.
      2821 Bishop Rd, Wickliffe, OH 44092
      View Details
    • $5 SF/Yr
      16,665 SF

      Wickliffe Warehouse with Office Space

      16,665 SF warehouse with 1,750 SF office space.
      29315 Clayton Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      1,800 SF

      Wickliffe Office Space Available

      1,800 SF office space for lease in Wickliffe, OH.
      2775 Bishop Rd, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      46,088 SF

      Wickliffe Industrial Space Available

      Industrial space available for lease in Wickliffe, Ohio.
      1305-1311 Lloyd Rd, Wickliffe, OH 44092
      View Details
    • $12 SF/Yr
      5,244 SF

      Wickliffe QSR - 5,244 SF

      Prime Euclid Ave. QSR, 1.28 acres, high visibility.
      28711 Euclid Ave, Wickliffe, OH 44092
      View Details
    • $4 SF/Yr
      30,803 SF

      Prime Lake County Industrial Space

      30,803 SF Manufacturing/Warehouse
      29319 Clayton Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      290,000 SF

      Prime Wickliffe Industrial Campus

      Large Flex Space Available, Ohio
      1400 Worden Rd, Wickliffe, OH 44092
      View Details

    FAQs

    What type of property is this?
    Office space - Prime Wickliffe Office/Retail, 11,650 SF Available
    Where is this office space located?
    The property is located at 29215 Euclid Ave Wickliffe, OH.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 26,581 SF single-story commercial building at 29215 Euclid Ave, Wickliffe, OH.; 11,650 SF of contiguous space immediately available, divisible to 3,150 SF minimum.; High-visibility corner location with monument signage in the Euclid-Wickliffe-Willowick cluster of Lake County's Northeast submarket.
    (440) 752-2617 Call to check price and availability
    Request Owner's contact information
    29215 Euclid Ave Wickliffe, OH 44092
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29215 Euclid Ave
    Wickliffe, OH 44092
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    29215 Euclid Ave Wickliffe, OH 44092
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hiedi Winston
    Hiedi Winston
    Real Estate License ID: SAL.2012001051
    (440) 752-2617 (216) 831-3310 (216) 455-0886
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!