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

    940 Babbitt Rd Euclid, OH 44123

    View on Map
    Sponsored
    For Lease
    $3,000 /Mo

    MODERN INDUSTRIAL SPACE IN EUCLID YOUR PRIME LOCATION FOR GROWTH AND LOGISTICS

    Property Features for 940 Babbitt Rd

    General Information

    Property type
    Industrial properties
    Lease Type
    NNN Lease
    TSF (Total sq. ft)
    21,000-24,000 SF
    USF (Usable sq. ft)
    2,500-5,000 SF
    Class
    C
    Total Rate
    3000
    Lease Term
    1-2 Years

    Amenities

    Overview

    Euclid Industrial Space For Lease

    This industrial space, located in Euclid, Ohio, offers 24,000 square feet of space suitable for various industrial and automotive purposes. The property is equipped with loading docks, high-intensity lighting, reliable electrical systems, and ventilation, designed to support modern industrial operations, ensuring safety and productivity. Located in the 44123 postal code area, the property at 940 Babbitt Rd is positioned as a prime location for growth and logistics.

    We can help!

    Listing Contact
    Nona Nina

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Euclid
    State
    Ohio
    Longitude
    -81.5260986
    Latitude
    41.6084299

    Nearby Similar for Lease

    • $6,500 /Mo
      13,068 SF

      Retail Space in Euclid, OH

      Retail space available for rent in Euclid, Ohio.
      321 Babbitt Rd, Euclid, OH 44123
      View Details
    • Sponsored
      Contact for pricing

      OH, Euclid - Euclid Ave

      Workspaces, services and support to help you work better in Frisco Square
      26250 Euclid Ave, Euclid, OH 44132
      View Details
    • Contact for pricing
      1,037 SF

      Retail Space on Lakeshore Boulevard

      Retail space available in Euclid, Ohio shopping plaza.
      26588-26598 Lk Shr Blvd, Euclid, OH
      View Details
    • Contact for pricing
      450 SF

      Euclid Retail Space Available

      Retail space for rent in established Euclid neighborhood.
      21149-21181 Euclid Ave, Euclid, OH
      View Details
    • Contact for pricing

      Industrial Space Available For Sublease

      Sublease opportunity with dock-high and grade-level loading.
      20001 Euclid Ave, Euclid, OH 44117
      View Details
    • Contact for pricing
      11,500 SF

      Retail Space in Community Center

      Retail space available in a busy community shopping center.
      22480 Shore Center Dr, Euclid, OH 44123
      View Details
    • Contact for pricing
      1,077 SF

      Euclid Office Space For Rent

      Office spaces for rent with high visibility and easy access.
      721 E 200Th St, Euclid, OH 44119
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in Busy Center

      Community center retail space available for lease.
      22674-22690 Shore Center Dr, Euclid, OH 44123
      View Details
    • Contact for pricing
      738 SF

      Euclid Avenue Retail Space Available

      Retail space for lease in a well-established shopping center.
      22679 Euclid Ave, Euclid, OH
      View Details
    • Contact for pricing
      2,760 SF

      Community Center Retail Space Available

      Retail space available in a busy neighborhood community center.
      22451-22467 Shr Ctr Ave, Euclid, OH
      View Details
    • Contact for pricing
      351,512 SF

      Euclid Warehouse, Industrial, Flex Space

      351,512 SF warehouse, industrial, and flex space available for rent.
      27000 Bluestone Blvd, Euclid, OH
      View Details
    • Contact for pricing
      367,500 SF

      Industrial Build-to-Suit Opportunity

      Up to 367,500 SF available for lease in Euclid, OH.
      21800 Tungsten Rd, Euclid, OH 44117
      View Details

    FAQs

    What type of property is this?
    Industrial property - MODERN INDUSTRIAL SPACE IN EUCLID YOUR PRIME LOCATION FOR GROWTH AND LOGISTICS
    Where is this industrial property located?
    The property is located at 940 Babbitt Rd Euclid, OH.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features:
    (216) 832-9068
    Request Owner's contact information
    940 Babbitt Rd Euclid, OH 44123
    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.
    940 Babbitt Rd
    Euclid, OH 44123
    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
    940 Babbitt Rd Euclid, OH 44123
    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!
    Listing Contact
    Nona Nina
    (216) 832-9068
    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!