20501 Euclid Ave Euclid, OH 44117-1520
Property profile & analytics
20501 Euclid Ave Euclid, OH 44117-1520
- Warehouses
- 1,080 SF
- 0.51 lot acres
Property ID
US66-2388370
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
- Warehouses
Property Details for 20501 Euclid Ave
- Year built
- 1987
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.51 lot acres
- Property size
- 1,080 SF
- Zone code
- U4
- Property type
- Warehouses
- APN
- 646-29-010
- APU
- 64629010
Description
This Euclid, Ohio retail investment offers a compelling 7.00% cap rate with a strong tenant lineup including 7-Eleven, Jiffy Lube, Take 5 Oil Change, and Auto Glass Now. The 4,888 square foot, single-building property sits on a 0.51-acre lot at a high-traffic, signalized intersection of Euclid Ave and Dile Road, experiencing over 138,300 vehicles daily. Boasting 100% occupancy with two tenants under NNN leases, the property benefits from a corporate guarantee and built-in rent bumps of 10% every five years. The property features a recently renovated roof (2021) with a transferable warranty, minimizing future capital expenditures. Take 5 Oil Change and Auto Glass Now, both subsidiaries of Driven Brands (a major automotive services company), demonstrate strong commitment with Auto Glass Now recently renewing their lease early without concessions. The property's location benefits from strong retail synergy with nearby national brands like Walgreens, McDonald's, Dollar General, and Advance Auto Parts, and a dense population base (100,461 within 3 miles, 222,075 within 5 miles). Built in 1987, this stabilized investment presents a significant opportunity for passive income generation. The property's location in Cuyahoga County, Ohio, offers a robust market for automotive services. The asking price is $1,704,239, with a net operating income (NOI) of $119,296. Lube centers qualify for bonus depreciation. The property's APN is 646-29-010.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Euclid
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5371
- Latitude
- 41.5678
- 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
$23,525
$53,800
$160,690
$214,490
-
$153,700
$459,100
$612,800
