940 Babbitt Road Euclid, OH 44123
27,192 SF former car dealership on 5.6 acres for sale.
Property Features for 940 Babbitt Road
General Information
- Standard status
- Active
- Size
- 27,192 SF
- Lot size
- 5.60 Acres
- Property subtype
- Retail
Listing office CBRE | Cleveland (216) 658-6120
Listing date Mar 25, 2026
Source Cbre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Cleveland
Investment Insights
Based on property information with market context.
Key Highlights
- High Traffic Counts: See over 106,000 vehicles per day on Route 2.
- Strategic Location: Located across from the new Amazon distribution center and Lincoln Electric.
- High Visibility: Highway visible with frontage along Babbitt and Lakeland.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $407.9k | $15.00 |
| − Vacancy | −$36.7k | −$1.35 |
| EGI | $371.2k | $13.65 |
| − OpEx | −$111.4k | −$4.10 |
| NOI | $259.8k | $9.56 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 23886 Lakeshore Blvd, Euclid, OH 44123