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Property profile & analytics

1192 40Th St Cleveland, OH 44114

  • Warehouses
  • 17,985 SF
  • 1.03 lot acres
For Sale
Last Sale
Dec 07, 2020
$100,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US66-6180028
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • BML E40th Street, LLC / Warehouse & Storage
  • The 3rd Floor / Nightclub / Music Venue

Property Details for 1192 40Th St

Year built
1900
Construction
TYPE NOT SPECIFIED
Lot size
1.03 lot acres
Property size
17,985 SF
Zone code
GI
Property type
Warehouses
APN
102-14-002
APU
10214002

Description

This exceptional industrial property, located at 1192 E 40th St in Cleveland, Ohio, offers a substantial 79,905 square feet of space. The building, constructed of brick, boasts stunning lake and city views. The property includes a spacious 66,322 square foot warehouse area complemented by a three-story office space totaling 13,583 square feet, with each floor offering approximately 5,593 square feet (except the first floor, which is 2,397 square feet). Situated on a 1.03-acre corner lot, this property is zoned GI-B3, General Industrial, providing flexibility for various uses. The warehouse features three loading docks, two drive-in doors (8'x10' and 16'x12'), and two freight elevators. Modern amenities include a dry sprinkler system, a Vector security system, and updated features such as newer T8 lighting, a newer roof, and newer Reznor heaters in the warehouse. The first-floor office area also benefits from a newer furnace. The property offers 12-16 foot clear ceiling heights and ample power with 600 amp, 240 volt and 100 amp, 480 volt, 3-phase power, separately metered (8 meters). Conveniently located minutes from downtown Cleveland and major highways (State Route 2, Interstates 90, 77, and 71), this property provides excellent accessibility and visibility. The property also includes 8 total parking spaces. This is a rare opportunity to acquire a well-maintained, versatile industrial property in a prime Cleveland location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Cleveland
County
Cuyahoga
State
Ohio
Longitude
-81.6672
Latitude
41.5188
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,230
$30,910
$41,480
$72,390
-
$88,300
$118,500
$206,800
More about this property
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