Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18460 Syracuse Ave Cleveland, OH 44110

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18460 Syracuse Ave Cleveland, OH 44110

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

    Current Use by Public Records

    • Warehouses

    Property Details for 18460 Syracuse Ave

    Year built
    1969
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 42,265-square-foot industrial warehouse, situated on a 1.003-acre lot in Cuyahoga County, presents a compelling investment opportunity. Built in 1969 and classified as Class B, this single-tenant property boasts a two-story building with a 12-foot to 20-foot clear ceiling height. The warehouse features a comprehensive fire suppression system (fully sprinkled) and is painted white throughout, offering a clean and functional workspace. Four dock doors provide efficient loading and unloading capabilities. The property benefits from excellent freeway access, significantly reducing transportation costs and time. Power is robust, featuring 480V, 3-phase service, ideal for energy-intensive operations. The property's zoning designation is GI-B3, and its APN is 11619015. This warehouse is well-suited for a variety of manufacturing and warehousing needs, offering a combination of space, functionality, and convenient location. The property's size and features make it an attractive option for businesses seeking a well-maintained and strategically located industrial space. This is a rare opportunity to acquire a substantial industrial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5511
    Latitude
    41.5731

    Comparable in this City

    • Value Estimation by Request
      2,300 SF

      17149 St Clair Ave

      Distribution properties • 2,300 SF
      17149 St Clair Ave, Cleveland, OH 44110
      View Details
    • Value Estimation by Request
      2,300 SF

      17149 St Clair Ave

      Distribution properties • 2,300 SF
      17149 St Clair Ave, Cleveland, OH 44110
      View Details
    • Value Estimation by Request
      0.07 Acres

      St Clair Ave

      WAREHOUSE, STORAGE • 0.07 Acres
      St Clair Ave, Cleveland, OH 44110
      View Details
    • Value Estimation by Request
      0.13 Acres

      Saranac Rd

      MINI-WAREHOUSE, STORAGE • 0.13 Acres
      Saranac Rd, Cleveland, OH 44110
      View Details
    • Value Estimation by Request
      1,599 SF

      969 140th St

      WAREHOUSE, STORAGE • 1,599 SF
      969 140th St, Cleveland, OH 44110-2255
      View Details
    • Value Estimation
      $505,000
      7,500 SF

      317-321 156th St

      WAREHOUSE, STORAGE • 7,500 SF
      317-321 156th St, Cleveland, OH 44110
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,640 SF

      Industrial Warehouse with Crane System

      Industrial warehouse featuring crane system, dock leveler, and office.
      718 E 163Rd St, Cleveland, OH 44110
      View Details
    • $2,400,000
      80,000 SF

      80,000 SF Industrial Opportunity

      80,000 SF industrial space on 23.07 acres for sale.
      13600 Kuhlman Ave, Cleveland, OH 44110
      View Details
    • $1,100,000
      52,000 SF

      Industrial Facility on 6.14 Acres

      52,000-SF industrial facility with outside storage on 6.14 acres.
      1088 Ivanhoe Rd, Cleveland, OH 44110
      View Details
    • $650,000

      Cleveland Commercial Building For Sale

      12,456 SF commercial building in Cleveland's Collinwood neighborhood.
      16113 Saint Clair Ave, Cleveland, OH 44110
      View Details
    • $164,900
      0.12 Acres

      Income-Producing Duplex in Cleveland

      Well-maintained Cleveland duplex, updated units, new roof, great investment.
      701 E 157Th St, Cleveland, OH 44110
      View Details
    • $39,900
      0.46 Acres

      Commercial Land on Saint Clair

      Corner lot with high visibility in a dynamic business corridor.
      V/L St Clair Ave, Cleveland, OH 44110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cleveland Eastside Industrial Space

      Industrial, warehouse, and manufacturing space for lease in Cleveland.
      1455 E 185Th St, Cleveland, OH 44110
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      1,600 SF retail space available for lease.
      16122 Lake Shore Blvd, Cleveland, OH 44110
      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.
    18460 Syracuse Ave
    Cleveland, OH 44110
    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!