Entity Owned Property summary
This exceptional investment opportunity presents a 30,055-square-foot industrial distribution property in Cleveland, Ohio. Located at 15708 Industrial Parkway, this single-tenant asset boasts a strong 10-year absolute net lease with a reputable tenant, Modular Systems Technicians (MST), a full-service commercial furniture installation company with a 10+ year history at this location. The lease includes 3% annual rental increases and two five-year options, minimizing landlord responsibilities.… The property sits on approximately 1.17 acres and features four external docks and a 14-foot clear height. The building is predominantly warehouse/manufacturing space (86%), with minimal office build-out. This strategically located property benefits from proximity to major transportation arteries, including Interstates 71 and 480 (less than two miles), and Cleveland Hopkins International Airport (less than three miles). The property's strong location within a low-vacancy industrial park contributes to its exceptional investment potential. With a current asking price of $1,725,000, the property generates a net operating income (NOI) of $165,028, resulting in an attractive 9.57% capitalization rate. This sale-leaseback structure offers a secure, passive income stream with significant long-term growth potential in a robust Cleveland industrial market. The property's APN is 028-21-002.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 9 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,698 SF
- Lot area
- 1.17 ac
- Year built
- 1961
- Stories
- 1
- APN
- 028-21-002
- Zoning
- SI
- Assessed value · 2023
- $332,330
- Annual tax · 2023
- $33,190
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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