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Property profile & analytics
OFF-MARKET
Manufacturing properties

24000 Lakeland Blvd Euclid, OH 44132-2618

0.16 ac lot
Entity Owned ~ Est. High Equity
Property ID
US66-1268203
Property summary
AI-generated overview

This expansive Euclid, OH industrial property, encompassing 49,696 square feet on a 3.29-acre lot, presents a unique investment opportunity. Priced at $995,000, the building boasts a versatile layout ideal for various industrial applications. The substantial warehouse space features five large bay doors, facilitating efficient loading and unloading of goods. Heavy-duty equipment is easily accommodated thanks to a 10-ton lift and several additional lifts strategically positioned throughout the facility. A dedicated paint station adds to the property's functionality, enhancing its suitability for businesses requiring specialized finishing processes. The seamless integration of office space, conveniently connected to the shop floor via a lift, provides a comfortable and functional environment for administrative tasks and operational oversight. Three boilers ensure reliable and consistent heating throughout the year, minimizing downtime and maximizing productivity. This property offers a compelling combination of heavy industrial capabilities and well-appointed office amenities, making it an attractive prospect for businesses seeking a versatile and efficient workspace. The ample land area provides significant potential for future expansion or outdoor storage. This is a turnkey solution for businesses seeking a ready-to-occupy industrial facility in a prime location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Lot 0.16 ac (6,882 SF)
Zoning code U5
APN 647-05-007
UPID US66-1268203
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Miles Drive LLC
Miles Drive LLC
since 2025
4 recorded transactions
2025
$650,000
2002
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
U5 · Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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