Property profile

23640 Lakeland Blvd Euclid, OH 44132

OFF-MARKET
Warehouses
Property ID
US66-1130486
23,400 SF 1.07 ac lot Built 1990
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 23,400 SF
Lot 1.07 ac (46,696 SF)
Zoning code U6
APN 647-07-003
UPID US66-1130486

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Moving Company

Location

23640 Lakeland Blvd Euclid, OH 44132-2614
Euclid metro Census 152502 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
$2.13M
Comparable Approach Comparable
$2.01M
Blend (final) Blend
$1.81M

Owner & transaction history

since 2016
5 recorded transactions
2016
$3.0M
2015
$1.9M
2011
$2.2M
2009
Price N/A
2000
Price N/A

Zoning & alternative use

U6 · Euclid, OH
Zoning description

1359.05 SUPPLEMENTAL REGULATIONS FOR ALL USES. 1359.06 REGULATIONS FOR SPECIFIC USES. 1359.07 HEIGHT REQUIREMENTS. 1359.08 LOT AREA AND SETBACK REQUIREMENTS. CHAPTER 1360 U5 Commercial Districts (Repealed) CHAPTER 1361 U…

General category INDUSTRIAL
Top alternative use upside
Medical building $2.5M +112.2%
Neighborhood: shopping center $2.4M +97.8%
Auto repair, garage $2.1M +73.7%

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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