Property profile

22019 Emery Rd Warrensville Heights, OH 44128

OFF-MARKET
Retail properties & Spaces
6,350 SF 0.99 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents two freestanding buildings totaling 6,350 square feet on a 0.992-acre lot in Warrensville Heights, Ohio. The property is a fee-simple ownership, featuring a net lease structure with 100% occupancy and a strong 8.5% cap rate, generating a net operating income (NOI) of $59,010. The tenants are Georgio's Oven Fresh Pizza and Starr Automotive, a long-term tenant since 1995. Georgio's, a regional chain with over 40 locations, occupies one building, while Starr Automotive occupies the other. The buildings offer valuable restaurant and automotive build-outs. Landlord responsibilities are minimal, primarily limited to landscaping and snow removal for the automotive tenant. This prime location boasts proximity to major employers, including a large Amazon fulfillment center, and numerous national retailers such as Aldi, Wendy's, and CVS, ensuring high visibility and strong tenant demand. The asking price is $695,000, translating to $109.45 per square foot. This property offers a compelling combination of strong cash flow, long-term tenants, and a strategic location near significant commercial activity. The investment sub-type is two freestanding buildings.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,350 SF
Lot 0.99 ac (43,212 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

22019 Emery Rd Warrensville Heights, OH 44128
Warrensville Heights metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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