Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    799 73Rd St Cleveland, OH 44103
    Back to Search
    Property profile & analytics

    799 73Rd St, Cleveland, OH 44103

    View on Map
    • Refrigerated & Cold Storage
    • 445,682 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cleveland Truck Parking / Parking Lot & Garage

    Property Details for 799 73Rd St

    Year built
    1940
    Property type
    Refrigerated & Cold Storage
    Property subtype
    Warehouses

    Description

    This exceptional 445,682 sq ft climate-controlled storage facility in Cuyahoga County, Ohio, underwent a complete $4 million renovation in 2024. The property, built in 1940, features 22 suites, with a minimum divisible space of 1,200 sq ft and a maximum contiguous space of 50,000 sq ft currently available. Units range from 414 sq ft to over 6,000 sq ft, offering flexible options for various storage needs. The building boasts a 9-foot ceiling height and one drive-in door. Enhanced security measures include 24/7 camera surveillance and individual fencing for each unit. The facility is ideally suited for contractors, tradespeople, and small businesses seeking secure, climate-controlled storage. Units are available starting May 1st, 2024, with phased releases of additional space. The property's APN is 10515043, 10515014, and 10515027. Located at 799 E 73rd St, Cleveland, OH 44103, this facility offers an unparalleled storage experience combining competitive pricing and upgraded amenities.

    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
    -81.6373
    Latitude
    41.5323

    Comparable in this City

    • Value Estimation by Request
      24,543 SF

      4821 Superior Ave

      Distribution properties
      4821 Superior Ave, Cleveland, OH 44103
      View Details
    • Value Estimation by Request
      445,682 SF

      799 73Rd St

      Distribution properties
      799 73Rd St, Cleveland, OH 44103
      View Details
    • Value Estimation by Request
      23,640 SF

      5317 St Clair Ave

      Distribution properties
      5317 St Clair Ave, Cleveland, OH 44103
      View Details
    • Value Estimation by Request
      16,194 SF

      2101 46Th St

      Churches & religious facilities
      2101 46Th St, Cleveland, OH 44103
      View Details
    • Value Estimation by Request
      0.48 Acres

      5509 Hough Ave

      CHARITABLE ORGANIZATION
      5509 Hough Ave, Cleveland, OH 44103
      View Details
    • Value Estimation by Request
      0.34 Acres

      5902 Belvidere Ave, Unit 5908

      CHARITABLE ORGANIZATION
      5902 Belvidere Ave, Cleveland, OH 44103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,537 SF

      Industrial Property Available For Sale

      Industrial property with 10,824 SF available 04/01/2026.
      8117 Carnegie Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing
      Pending

      Cleveland Clinic Flex Space For Sale

      Retail/warehouse flex space near Cleveland Clinic main campus.
      8117 Carnegie Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing
      37,037 SF

      Warehouse, Lab, Manufacturing, Flex Space

      Warehouse, lab, manufacturing, and flex space available for lease.
      6512 Carnegie Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing
      171,680 SF

      Warehouse/Distribution Facility in Cleveland

      Turnkey warehouse/distribution facility, renovated in 2021, near I-90.
      850 E 72Nd St, Cleveland, OH 44103
      View Details
    • Contact for pricing
      23,640 SF

      Industrial Building with Crane Bays

      Industrial building featuring crane bays and convenient highway access.
      5317 St Clair Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing
      31,158 SF

      Warehouse with Extensive Cold Storage

      High-quality warehouse with coolers, freezers, and dry storage.
      1893 E 55Th St, Cleveland, OH 44103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cleveland Tech Center Flex Space

      Flex business incubators for lease with planned renovations.
      799 E 73Rd St, Cleveland, OH 44103
      View Details
    • Contact for pricing
      14,115 SF

      Functional Industrial Space in Cleveland

      14,115 SF industrial space with office and warehouse areas.
      1789 E 45Th St, Cleveland, OH 44103
      View Details
    • Contact for pricing
      8,000 SF

      Freestanding Brick Building For Lease

      Freestanding brick building with drive-in and short dock.
      4130-4210 Commerce Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing

      Euclid Avenue Retail Space

      Retail space available for rent on Euclid Avenue.
      8000 Euclid Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing
      7,600 SF

      Euclid Avenue Retail Space Available

      Retail space available in a 109,547 SF shopping center.
      8037 Euclid Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing
      1,835 SF

      Secure Office Space with Elevator

      Office space in Cleveland's St. Clair-Superior District for lease.
      5318 St Clair Ave, Cleveland, OH 44103
      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.
    799 73Rd St
    Cleveland, OH 44103
    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
    799 73Rd St, Cleveland, OH, 44103
    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!