17450 Engle Lk Dr, Middleburg Heights, OH 44130-8472
- Manufacturing properties
- 126,504 SF
- 9.24 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 17450 Engle Lk Dr
- Year built
- 2017
- Lot size
- 9.24 lot acres
- Property type
- Manufacturing properties
- APN
- 371-21-006
- APU
- 37121006
Description
This exceptional 25,000-square-foot industrial warehouse, located at 17450 Engle Lake Dr in Middleburg Heights, Ohio, presents a significant opportunity. Situated on a 10-acre lot, this multi-tenant property boasts excellent visibility and accessibility, fronting directly on I-71. The building features a substantial 20,500 square feet of warehouse space complemented by 4,500 square feet of office area. High ceilings, measuring 28 feet clear, provide ample vertical storage capacity. Loading and unloading are facilitated by five loading docks equipped with levelers, and a single drive-in door ensures efficient material handling. The property includes an ESFR sprinkler system, enhancing fire safety and protection. Ample parking is available with 88 spaces. The electrical service is robust, featuring 1200 AMP, 4800 Volt, 3-phase power. Currently, the entire 25,000 square feet is available for lease. This property is located in Cuyahoga County, Ohio, with a zip code of 44130. The strategic location and comprehensive features make this warehouse ideal for a variety of distribution and warehousing operations.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,950,000
- 6.5%
- $7,340,000
- 7%
- $6,815,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,479,000
- AI Estimate
- $6,325,000
Market price range: $2.63M - $9.86MMarket price range: $2.20M - $10.7M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $5,575,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $9,440,000 Change: +69% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Middleburg Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8206
- Latitude
- 41.3788
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
