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

    940 Babbitt Rd Euclid, OH 44123

    View on Map
    For Lease
    $3,000 /Mo

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

    Property size:
    21,000 SF - 24,000 SF
    Added:
    Sep 8, 2025
    Days on Market:
    205
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 940 Babbitt Rd

    General Information

    Standard status
    Active
    Property type
    Industrial properties, Warehouses, Automotive properties
    Size
    21,000 SF - 24,000 SF
    Class
    C
    Lease Type
    NNN Lease
    Lease Term
    1-2 Years
    Rate Type
    Monthly

    We can help!

    Listing Contact
    Nona Nina

    Listing agent Nona

    Listing office

    Listing date Sep 8, 2025

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    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
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5260986
    Latitude
    41.6084299

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Property in Euclid

      Adaptable commercial space suitable for various professional uses.
      25701 Lakeland Boulevard, Euclid, OH 44132
      View Details
    • Contact for pricing

      Retail Space in Euclid, OH

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

      OH, Euclid - Euclid Ave

      26250 Euclid Ave, Unit 9TH, Euclid, OH 44132
      View Details
    • $20/mo

      Euclid Avenue Office Building Available

      Office building for lease or sale with ample parking.
      24701 Euclid Avenue, Euclid, OH, 44117
      View Details
    • Contact for pricing

      Euclid Industrial Space For Lease

      Modern industrial space equipped for safety and productivity in Euclid.
      940 Babbitt Rd, Euclid, OH 44123
      View Details
    • $7/mo

      Industrial Warehouse with Freeway Visibility

      6,615 SF warehouse with office space and gated yard.
      23600 Lakeland Blvd, Euclid, OH
      View Details
    • $12/mo

      Euclid Office Space For Rent

      Office spaces for rent with high visibility and easy access.
      721 E 200th St, Euclid, OH
      View Details
    • Contact for pricing

      Euclid Warehouse with Tax Abatement

      75,576 SF warehouse with 15-year real estate tax abatement.
      26550 Bluestone Blvd, Euclid, OH
      View Details
    • Contact for pricing

      Euclid Retail Space For Lease

      Retail and office spaces available in grocery-anchored Euclid center.
      22800-22840 Lake Shore Blvd, Euclid, OH
      View Details
    • Contact for pricing

      Euclid Warehouse with Drive-Ins

      12,255 SF warehouse with two drive-in doors for lease.
      23555 Euclid Ave, Euclid, OH
      View Details
    • Contact for pricing

      Euclid Warehouse with Tax Abatement

      71,337 SF warehouse with 15-year real estate tax abatement.
      26251 Bluestone Blvd, Euclid, OH
      View Details
    • Contact for pricing

      Euclid Retail Space Available

      Retail space for rent in established Euclid neighborhood.
      21149-21181 Euclid Ave, Euclid, OH
      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.
    (216) 832-9068
    We can help!
    Listing Contact
    Nona Nina
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!