Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21641 Tungsten Rd Euclid, OH 44117-1115
    Back to Search
    Property profile & analytics

    21641 Tungsten Rd Euclid, OH 44117-1115

    View on Map
    • Manufacturing properties
    • 8,836 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Apr 4, 2022
    $248,300
    Property ID
    US66-0452823
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 21641 Tungsten Rd

    Year built
    1965
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.37 lot acres
    Property size
    8,836 SF
    Zone code
    U6
    Property type
    Manufacturing properties
    APN
    646-03-018
    APU
    64603018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5359
    Latitude
    41.5775
    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
    $9,532
    $6,480
    $80,430
    $86,910
    -
    $18,500
    $229,800
    $248,300

    Comparable in this City

    • Value Estimation by Request
      2.53 Acres

      23555 Euclid Ave

      MANUFACTURING (LIGHT) • 2.53 Acres
      23555 Euclid Ave, Euclid, OH 44117-1703
      View Details
    • Value Estimation by Request
      10,436 SF

      19451 Roseland Ave

      MANUFACTURING (LIGHT) • 10,436 SF
      19451 Roseland Ave, Euclid, OH 44117-1307
      View Details
    • Value Estimation by Request
      4,400 SF

      21724 Saint Clair Ave

      MANUFACTURING (LIGHT) • 4,400 SF
      21724 Saint Clair Ave, Euclid, OH 44117-1026
      View Details
    • Value Estimation by Request
      4,800 SF

      1066 222nd St

      MANUFACTURING (LIGHT) • 4,800 SF
      1066 222nd St, Euclid, OH 44117-1101
      View Details
    • Value Estimation by Request
      9,981 SF

      1423 Dille Rd

      MANUFACTURING (LIGHT) • 9,981 SF
      1423 Dille Rd, Euclid, OH 44117-1405
      View Details
    • Value Estimation by Request
      7.55 Acres

      1111-1113 200th St

      MANUFACTURING (LIGHT) • 7.55 Acres
      1111-1113 200th St, Euclid, OH 44117
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      145,000 SF

      Euclid Warehouse with Crane Access

      145,000 SF warehouse featuring cranes and multiple loading docks.
      1500 East 219 St, Euclid, OH 44117
      View Details
    • Contact for pricing
      882,853 SF

      Euclid Avenue Industrial Asset

      Multitenant industrial property with redevelopment potential in Euclid, Ohio.
      20001 Euclid Ave, Euclid, OH 44117
      View Details
    • $350,000

      Versatile Multi-Tenant Warehouse Space

      12,000 sqft warehouse with flexible layout and convenient access.
      1440 Dille Rd, Euclid, OH 44117
      View Details
    • $350,000
      1.32 Acres

      Versatile Warehouse Space For Sale

      Multi-tenant warehouse with flexible layout, ideal for industrial and storage.
      1440 Dille Rd, Euclid, OH 44117
      View Details
    • $175,000
      52,278 SF

      Euclid Industrial Redevelopment Opportunity

      Gutted industrial building, 52,278 SF, 3.06 acres
      21500 Saint Clair Ave, Euclid, OH 44117
      View Details
    • Contact for pricing
      2,000 SF

      Euclid Avenue Restaurant Opportunity

      Restaurant and retail space for sale on 0.43 acres.
      19505 Euclid Ave, Euclid, OH 44117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Manufacturing and Warehouse Space Available

      Heavy manufacturing and warehouse space with cranes, power & yard.
      1500 E 219 St, Euclid, OH 44117
      View Details
    • Contact for pricing
      367,500 SF

      Industrial Build-to-Suit Opportunity

      Up to 367,500 SF available for lease in Euclid, OH.
      21800 Tungsten Rd, Euclid, OH 44117
      View Details
    • Contact for pricing

      Euclid Warehouse Space Available

      Affordable warehouse space near major freeways in Euclid, Ohio.
      1100 E 222 St, Euclid, OH 44117
      View Details
    • Contact for pricing

      Euclid Retail Space For Lease

      Retail space available for lease in Euclid, Ohio.
      22639 Euclid Ave, Euclid, OH 44117
      View Details
    • $20 SF/Yr
      61,481 SF

      Euclid Avenue Office Building Available

      Office building for lease or sale with ample parking.
      24701 Euclid Ave, Euclid, OH 44117
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21641 Tungsten Rd
    Euclid, OH 44117-1115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21641 Tungsten Rd, Euclid, OH, 44117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!