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

    35400 Vine St Eastlake, OH 44095

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

    High-traffic SR 640 retail space. Flexible lease terms.

    Lot size:
    4,673 SF

    Property Features for 35400 Vine St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,673 SF

    Spaces For Lease

    at 35400 Vine St, Eastlake, OH 44095 Contact us

    We can help!

    Listing Contact
    Jeffrey Soclof
    Jeffrey Soclof

    Listing Agency: Coldwell Banker Commercial Emmco Realty Group Listing Agent: Jeffrey Soclof

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

    Learn more

    Property Insight Report

    Overview

    Centennial Plaza, located at 35400 Vine St in Eastlake, Ohio (zip code 44095), presents a remarkable retail leasing opportunity. Situated on the highly visible State Route 640, this property boasts exceptional visibility and excellent signage opportunities, ensuring maximum exposure for your business. The building is modern and well-maintained, offering a spacious interior with a versatile floor plan adaptable to a variety of commercial uses, including salons, retail stores, and showrooms. The multiple tenancy structure provides flexibility for businesses of different sizes. This prime location in Lake County, Ohio offers convenient access to major transportation routes, making it easily accessible to customers and employees alike. The property's design and location combine to create an ideal setting for businesses seeking high visibility and a strong presence in a thriving commercial area. This is a rare opportunity to secure a space in a well-established and highly trafficked location. Interested parties should inquire about available lease terms and space configurations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastlake
    County
    Lake
    State
    Ohio
    Longitude
    -81.436285340322
    Latitude
    41.64218765705

    Nearby Similar for Lease

    • $6 SF/Yr
      10,560 SF

      Eastlake Warehouse with A/C Space

      10,560 SF warehouse space with A/C production area.
      34099 Melinz Pkwy, Eastlake, OH 44095
      View Details
    • Contact for pricing
      5,950 SF

      Eastlake Retail Space Available

      Retail property available for lease in Eastlake, Ohio.
      34510 Lake Shore Blvd, Eastlake, OH 44095
      View Details
    • Contact for pricing
      933 SF

      Retail Space in Eastlake, Ohio

      Retail spaces available, from 933 SF to 49,740 SF.
      34300-34750 Vine St, Eastlake, OH 44095
      View Details
    • Contact for pricing
      4,352 SF

      Eastlake Warehouse Space Available

      Warehouse suites available in Eastlake, convenient location, individually metered.
      33801-33851 Curtis Blvd, Eastlake, OH 44095
      View Details
    • Contact for pricing
      19,914 SF

      Eastlake Warehouse and Flex Space

      Warehouse and flex space with highway access and planned improvements.
      34675 Melinz Pkwy, Eastlake, OH 44095
      View Details
    • Contact for pricing
      3,500 SF

      Eastlake Warehouse with Air Conditioning

      3,500 SF stand-alone building with air conditioning and drive-in doors.
      1453-1455 E 328Th St, Eastlake, OH 44095
      View Details
    • Contact for pricing
      3,500 SF

      Eastlake Warehouse with Air Conditioning

      Stand-alone, air-conditioned warehouse with drive-in doors and small office.
      1427-1453 E 328Th St, Eastlake, OH 44095
      View Details
    • Contact for pricing
      8,672 SF

      Eastlake Warehouse Space Available

      Warehouse space with highway access, dock doors, and incentives.
      34525 Melinz Pkwy, Eastlake, OH 44095
      View Details
    • $11 SF/Yr
      23,976 SF

      Prime Eastlake Retail Space

      Freestanding building, 23,976 sq ft, high traffic
      33459 Vine St, Eastlake, OH 44095
      View Details
    • Contact for pricing
      10,000 SF

      Eastlake Medical Office Space Available

      Prime Eastlake medical office space for lease.
      35475 Vine St, Eastlake, OH 44095
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-traffic SR 640 retail space. Flexible lease terms.
    Where is this individual retail property located?
    The property is located at 35400 Vine St Eastlake, OH.
    What are key features of this property?
    This property features: Excellent location east of SOM Center Rd/SR 91, with easy access to OH-2 and I-90.; High-traffic location ideal for fast-food businesses.; Move-in ready former salon space available.
    (216) 292-3700 Call to check price and availability
    Request Owner's contact information
    35400 Vine St Eastlake, OH 44095
    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.
    35400 Vine St
    Eastlake, OH 44095
    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
    35400 Vine St Eastlake, OH 44095
    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 Jeffrey Soclof
    Jeffrey Soclof
    (216) 292-3700 (216) 857-2075
    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!