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Property profile & analytics
OFF-MARKET Estimated value $4,280,000
Flex space

1340 289th St Wickliffe, OH 44092-2304

107,700 SF 9.83 ac lot Built 1955
Entity Owned ~ Est. High Equity
Property ID
US66-6053434
Property summary
AI-generated overview

This exceptional industrial property, located at 1340 E 289th St in Wickliffe, Ohio, offers a substantial 105,610 square feet of warehouse and R&D space. The single-story building, constructed in 1955, features a 16-foot ceiling height, providing ample vertical clearance for various industrial uses. The property is zoned I: Industrial and is situated in Lake County, Ohio, with a convenient zip code of 44092. Eleven loading docks ensure efficient loading and unloading operations. The property boasts 1200 Amps of power, suitable for energy-intensive businesses. While there are no elevators, the single-story design facilitates easy access throughout the building. The space is currently fully vacant and available for lease. Multiple tenancy options are available, with a minimum divisible space of 36,010 square feet and a maximum contiguous space of 69,600 square feet. This presents a unique opportunity for businesses seeking a large, well-equipped industrial space in a prime location. The property's size and features make it ideal for a variety of industrial and research and development operations. Interested parties should inquire about lease terms and availability.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1955
Construction WOOD
Total area 107,700 SF
Lot 9.83 ac (428,195 SF)
Zoning code I
APN 29-A-008-0-00-013-0
UPID US66-6053434
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.91M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.01M
Blend (final) Blend
$4.28M
Owner & transaction history
Enpac Asset Holdings LLC
Enpac Asset Holdings LLC
since 2025
Last sale
$5.5M
7 recorded transactions
2025
Price N/A
2025
$5.5M
2023
$3.5M
2012
Price N/A
2010
Price N/A
2004
Price N/A
2000
Price N/A
Zoning & alternative use
I · Wickliffe, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $6.8M +43.4%
Warehouse, storage $6.0M +26.8%
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