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    4172-4174-4178 Rocky Riv Dr Cleveland, OH 44135

    Sponsored
    For Sale
    $799,000

    11,800 SF, Fully Leased, Value-Add

    Property size:
    11,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 4172-4174-4178 Rocky River Drive in Cleveland, Ohio, presents a compelling value-add investment opportunity. The 11,800 square foot building sits on a 0.57-acre lot and comprises two buildings, each two stories high. The property features a fully leased 6,251 square foot retail space occupied by "Flight Rentals" and "Dante's Pizza," generating consistent rental income. In addition, the property includes six fully leased apartments – three one-bedroom units and three two-bedroom units. The apartments underwent renovations in 2018 and 2023. Recent capital improvements include a new roof and boiler installed in 2024. The property also boasts a three-car garage (880 square feet), offering additional utility. The asking price is $799,000, translating to $67.71 per square foot. The property benefits from high traffic volume due to its prime location in the Kamms Corner District, with convenient access to Interstates 71 and 90. The property's zoning is LR-C1, Local Retail Business. The owner is responsible for water/sewer, gas, real estate taxes, property maintenance, and CAM fees

    Property Features for 0 4172-4174-4178 Rocky Riv Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,800 SF
    Lot Size
    24,829 SF

    Building Details

    Year Renovated
    2018
    Buildings
    2
    Stories
    2

    HighLights

    • Fully leased, 11,800 SF mixed‑use building in Cleveland, OH.
    • 6,251 SF of retail space leased to Flight Rentals and Dante's Pizza.
    • Six leased apartments (three one‑bedroom, three two‑bedroom), renovated in 2018 and 2023.
    • Features an 880 SF three‑car garage.
    • Recent capital improvements include a new roof and boiler (2024).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.81938104636
    Latitude
    41.441486156785

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    FAQs

    What type of property is this?
    Individual retail property - 11,800 SF, Fully Leased, Value-Add
    Where is this individual retail property located?
    The property is located at 4172-4174-4178 Rocky Riv Dr Cleveland, OH.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Fully leased, 11,800 SF mixed-use building in Cleveland, OH.; 6,251 SF of retail space leased to Flight Rentals and Dante's Pizza.; Six leased apartments (three one-bedroom, three two-bedroom), renovated in 2018 and 2023.
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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
    4172-4174-4178 Rocky Riv Dr Cleveland, OH 44135
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