Property profile

19200 Miles Rd Warrensville Heights, OH 44128

FOR SALE
Manufacturing properties
Property ID
US66-6312202
3,154 SF 0.16 ac lot Built 1950
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two industrial buildings situated on a 0.16-acre lot in Warrensville Heights, Ohio. The property, located at 19200 Miles Road, zip code 44128, comprises two structures built in 1950. The front building offers 3,154 square feet of space, while the rear building provides 2,293 square feet, previously used as an auto repair garage. The combined square footage totals between 2,293 and 3,154 square feet, offering flexibility for various uses. The property benefits from a convenient location, less than half a mile from Warrensville Center Road and within one mile of I-480, providing excellent access to major transportation routes. Its proximity to an Amazon distribution center further enhances its strategic value. The annual property taxes are $5,702.59. The parcel number is 762-12-004. This dual-building property presents a compelling opportunity for investors seeking a well-located industrial asset in a thriving area of Cuyahoga County. The buildings offer significant potential for redevelopment or continued use in their current configuration. This is a rare chance to acquire a pair of buildings in a prime location at an attractive price point.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1950
Total area 3,154 SF
Lot 0.16 ac (7,110 SF)
Zoning code U-6
APN 762-12-004
UPID US66-6312202

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

19200 Miles Rd Warrensville Heights, OH 44128
Warrensville Heights metro Census 197000 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2024
Last sale
$115,000
2 recorded transactions
2024
$115,000
2023
Price N/A

Zoning & alternative use

U-6 · Cleveland, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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