15300 Waterloo Rd Cleveland, OH 44110-3818
- Manufacturing properties
- 58,824 SF
- 6.25 lot acres
Current Use by Public Records
- Cleveland Clinic Laundry / Laundry
- Evergreen Cooperative Laundry / Laundry Service
- CMC Monuments / Monument Maker
- Styles With Confidence / Beauty Salon
Property Details for 15300 Waterloo Rd
- Year built
- 2003
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 6.25 lot acres
- Property size
- 58,824 SF
- Zone code
- GI
- Property type
- Manufacturing properties
- APN
- 116-04-004
- APU
- 11604004
Description
This exceptional mixed-use property, located at 15300 Waterloo Rd in Cleveland, Ohio, presents a compelling investment opportunity. The building, constructed in 1916, boasts 3,600 square feet on a 0.053-acre lot and is zoned for mixed use. The property features four fully rented micro-suites on the second floor, currently operating at 80% occupancy. The ground floor offers versatile commercial space, previously used as a salon, comprising two large rooms, a smaller private office/storage area, and a bathroom. This high-visibility corner location benefits from significant foot traffic. The building is a single-story Class C structure with a gross lease type and multi-tenant occupancy. The asking price is $299,900, representing a 7.00% cap rate. This property is ideal for owner-occupants seeking a blend of business and rental income or investors looking for a strong return in a revitalizing area. The property's location in the Waterloo area of North Collinwood offers significant potential for growth and increased value. While the seller also owns a separate five-unit building at 15410-18 Waterloo Rd, this listing is solely for the property at 15300 Waterloo Rd. This is a rare opportunity to acquire a well-situated mixed-use building in a rapidly developing neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $645,000
- 6.5%
- $675,000
- 7%
- $640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $685,000
- Geo Method
- $625,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $750,000
- Retail
- $685,000
- Mixed-Use
- $550,000
- Hospitality
- $670,000
- Educational
- $680,000
- Residential Income
- $710,000
- Energy
- $620,000
- Income-Based Land
- $645,000
- Food Service
- $655,000
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5745
- Latitude
- 41.566
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
