Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29309 Clayton Ave Wickliffe, OH 44092
    Back to Search
    Property profile & analytics

    29309 Clayton Ave Wickliffe, OH 44092

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 29309 Clayton Ave

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at 29309 Clayton Ave, Wickliffe, OH 44092, offers 55,610 square feet of versatile space ideal for manufacturing or warehousing operations. The single-tenant building boasts a 22-foot clear ceiling height, providing ample room for storage and operations. Eight loading docks and two drive-in doors ensure efficient loading and unloading, while the 2,500 square feet of included office space provides comfortable administrative areas. The property is zoned for industrial use and features essential amenities including wet sprinklers and unit heaters. Power is supplied by a robust 480V/600A, 3-phase system. Conveniently situated on Clayton Avenue and near Lloyd Road in Lake County, this location offers excellent access to major transportation routes. The space is contiguous (1305-1311) but can also be leased separately, offering flexibility to suit various business needs. This is a rare opportunity to secure a high-quality industrial space in a desirable location. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wickliffe
    County
    Lake
    State
    Ohio
    Longitude
    -81.4775
    Latitude
    41.6087

    Comparable in this City

    • Value Estimation by Request
      71,722 SF

      1305 Lloyd Rd

      Flex space • 71,722 SF
      1305 Lloyd Rd, Wickliffe, OH 44092
      View Details
    • Value Estimation by Request

      29319 Clayton Ave

      Life science properties
      29319 Clayton Ave, Wickliffe, OH 44092
      View Details
    • Value Estimation by Request
      290,000 SF

      1400 Worden Rd

      Distribution properties • 290,000 SF
      1400 Worden Rd, Wickliffe, OH 44092
      View Details
    • Value Estimation by Request
      210,000 SF

      1400 Worden Rd

      Distribution properties • 210,000 SF
      1400 Worden Rd, Wickliffe, OH 44092
      View Details
    • Value Estimation by Request
      24,957 SF

      30040 Lakeland Blvd

      Distribution properties • 24,957 SF
      30040 Lakeland Blvd, Wickliffe, OH 44092
      View Details
    • Value Estimation by Request
      7,760 SF

      30831 Euclid Ave

      MINI-WAREHOUSE, STORAGE • 7,760 SF
      30831 Euclid Ave, Wickliffe, OH 44092-1042
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      67,000 SF

      Wickliffe Industrial Property

      67,000 SF Warehouse/Manufacturing Space
      29201 Anderson Rd, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      67,000 SF

      Wickliffe Warehouse/Manufacturing Space For Sale

      67,000 SF warehouse/manufacturing space on 3.02 acres.
      29201 Anderson Rd, Wickliffe, OH 44092
      View Details
    • Contact for pricing

      Wickliffe Commercial Property with Warehouses

      3.22 acres with three buildings, retail, and warehouse space.
      30150 Lakeland Blvd, Wickliffe, OH 44092
      View Details
    • Contact for pricing

      Industrial Warehouse Facility Near I-90

      210,000 SF industrial warehouse on 16.9 acres near I-90.
      1400 Worden Rd, Wickliffe, OH 44092
      View Details
    • Contact for pricing

      Euclid Avenue Land For Sale

      3.167 acres suitable for self-storage with high traffic.
      30555 Euclid Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      4.33 Acres

      Wickliffe Commercial Land Opportunity

      4.33 Acres, High Traffic Area, Development Potential
      29707 Euclid Ave, Wickliffe, OH 44092
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      41,329 SF

      Wickliffe Industrial Space Available

      Industrial space available for lease in Wickliffe, Ohio.
      1305-1311 Lloyd Rd, Wickliffe, OH 44092
      View Details
    • $4 SF/Yr
      50,000 SF

      Wickliffe Warehouse with Office Space

      19,556 SF warehouse with 1,000 SF office space.
      29325 Clayton Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      21,000 SF

      Wickliffe Warehouse/Office Space Available

      21,000 SF warehouse/office space for lease in Wickliffe, OH.
      29000 Lakeland Blvd, Wickliffe, OH 44092
      View Details
    • $5 SF/Yr
      16,665 SF

      Wickliffe Warehouse with Office Space

      16,665 SF warehouse with 1,750 SF office space.
      29315 Clayton Ave, Wickliffe, OH 44092
      View Details
    • $4 SF/Yr
      55,610 SF

      Wickliffe Warehouse Space Available

      55,610 SF warehouse space for lease in Wickliffe.
      29309 Clayton Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing

      Wickliffe Commercial Property for Lease

      Commercial property available for lease in Wickliffe, Ohio.
      1400 Worden Rd, Wickliffe, OH 44092
      View Details
    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.
    29309 Clayton Ave
    Wickliffe, OH 44092
    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

    Thank You for Inquiry
    29309 Clayton Ave, Wickliffe, OH, 44092
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!