16605 Miles Ave Cleveland, OH 44128
Property profile & analytics
16605 Miles Ave Cleveland, OH 44128
- Retail space
- 8,400 SF
- 0.90 lot acres
Property ID
US66-2082653
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 16605 Miles Ave
- Year built
- 2014
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.90 lot acres
- Property size
- 8,400 SF
- Zone code
- LLR
- Property type
- Retail space
- APN
- 143-05-003
- APU
- 14305003
Description
This exceptional 8,400 square foot freestanding retail building presents a unique sublease opportunity at 16605 Miles Avenue. Situated on a 0.9-acre lot, the property boasts unparalleled visibility along Miles Avenue, a high-traffic thoroughfare with a daily vehicle count of 13,150. The building's zoning is designated as Limited Retail Business, making it ideal for a variety of retail uses. The current lease term extends through June 30, 2028, offering a substantial period for a new tenant to establish and grow their business. This prime location offers excellent access and exposure to a significant customer base. The substantial size of the building and the ample land provide flexibility for potential tenant improvements and expansion. The property's freestanding nature ensures high visibility and independent branding opportunities. This is a rare chance to secure a well-positioned retail space in a thriving area with strong traffic flow and excellent visibility. The existing lease provides a clear timeline for occupancy and business planning. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional property offers.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $926,000
- AI Estimate
- $514,000
Market price range: $242k - $926kMarket price range: $206k - $514k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $540,000 Current use
- MEDICAL BUILDING
- $915,000 Change: +70% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $850,000 Change: +58% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $745,000 Change: +39% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $695,000 Change: +29% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $620,000 Change: +15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5635
- Latitude
- 41.4403
- 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
$24,410
$54,920
$189,490
$244,410
-
$156,900
$541,400
$698,300
