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    Property profile & analytics

    1975 Noble Rd East Cleveland, OH 44112

    • Manufacturing properties
    • 73.87 lot acres
    For Lease
    View listing
    Value Estimation
    $4,120,000
    Last Sale
    May 17, 2022
    $5,000,000
    Location Intelligence
    Property ID
    US66-1405163
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1975 Noble Rd

    Lot size
    73.87 lot acres
    Zone code
    U5
    Property type
    Manufacturing properties
    APN
    673-35-001
    APU
    67335001

    Description

    Nela Park, a landmark property in East Cleveland, Ohio, presents a unique investment opportunity. This expansive 94-acre campus boasts 26 buildings totaling 1,072,296 square feet of versatile space, ideal for medical office, industrial, or laboratory uses. Currently, 890,070 square feet are vacant, offering significant potential for redevelopment or expansion. The property is zoned for General Industry and features a minimum divisible space of 2,920 square feet, with a maximum contiguous space of 890,070 square feet. Built in 1911, Nela Park is listed on the National Register of Historic Places, showcasing a rich history while benefiting from numerous upgrades and renovations. The campus includes unique features such as underground tunnels connecting many buildings. Located at 1975 Noble Rd, East Cleveland, OH 44112, this property offers a compelling blend of historical significance and modern functionality, making it an exceptional opportunity for a variety of uses. The multiple tenancy structure allows for flexibility in leasing arrangements. This is a rare chance to acquire a substantial, historically significant property with significant potential for future development. The property's size and location in Cuyahoga County provide excellent access to transportation and a skilled workforce.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,830,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,630,000
      6.5%
      $4,870,000
      7%
      $4,505,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,955,000
      Geo Method
      $4,880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,580,000
      Retail
      $5,230,000
      Mixed-Use
      $4,300,000
      Hospitality
      $3,950,000
      Educational
      $4,675,000
      Residential Income
      $4,510,000
      Energy
      $4,270,000
      Income-Based Land
      $4,595,000
      Food Service
      $5,470,000

    Location Insight

    • Map
    • Local Demand
    City
    East Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5603
    Latitude
    41.5415
    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
    $307,575
    $609,530
    $2,153,970
    $2,763,500
    -
    $1,741,500
    $6,154,200
    $7,895,700

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    Similar Nearby for Lease

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      265,000 SF industrial property with ample parking and excellent access.
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      Nela Park: Premier East Cleveland Campus

      Historic Industrial/Medical Office Space
      1975 Noble Rd, East Cleveland, OH 44112
      View Details
    • $3 SF/Yr
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    1975 Noble Rd
    East Cleveland, OH 44112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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