Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    250 Huron Rd Cleveland, OH 44113-1410

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    250 Huron Rd Cleveland, OH 44113-1410

    View on Map
    • Office buildings
    • 6,876 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Aug 6, 2024
    $4,100,000
    Property ID
    US66-4419083
    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
    $4,100,000
    Show details
    Cap Rate Potential
    2.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • EMSplus / (Bike/Boat/Book/etc) Store / Corporate Office
    • Casino Hotel / Hotel & Motel
    • Electronic Merchant Systems / Bank / Credit Union
    • Chase ATM / Atm
    • Total Touch Point of Sale / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 250 Huron Rd

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    0.16 lot acres
    Property size
    6,876 SF
    Property type
    Office buildings
    APN
    101-23-102F
    APU
    10123102F

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,100,000
      ML approach
      $4,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6945
    Latitude
    41.4971
    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
    $70
    $350
    $350
    $700
    -
    $1,000
    $1,000
    $2,000

    Comparable in this City

    • Value Estimation by Request
      2.74 Acres

      950 Main Ave

      OFFICE BUILDING (MULTI-STORY) • 2.74 Acres
      950 Main Ave, Cleveland, OH 44113-7201
      View Details
    • Value Estimation by Request
      2.25 Acres

      950 Main Ave

      OFFICE BUILDING (MULTI-STORY) • 2.25 Acres
      950 Main Ave, Cleveland, OH 44113-7201
      View Details
    • Value Estimation
      $520,000
      2.36 Acres

      950 Main Ave

      OFFICE BUILDING (MULTI-STORY) • 2.36 Acres
      950 Main Ave, Cleveland, OH 44113-7201
      View Details
    • Value Estimation
      $24,140,000
      226,367 SF

      100 Public Sq

      OFFICE BUILDING • 226,367 SF
      100 Public Sq, Cleveland, OH 44113-2208
      View Details
    • Value Estimation
      $1,275,000
      10,998 SF

      2401 Superior Via

      OFFICE BUILDING • 10,998 SF
      2401 Superior Via, Cleveland, OH 44113-2366
      View Details
    • Value Estimation
      $790,000
      4,731 SF

      2515 Franklin Blvd

      OFFICE BUILDING • 4,731 SF
      2515 Franklin Blvd, Cleveland, OH 44113-2966
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,820 SF

      Historic Rehabbed Office Building

      Iconic building with premium finishes, highway access, and reserved parking.
      2900 Detroit Ave, Cleveland, OH 44113
      View Details
    • Contact for pricing
      22,500 SF

      Cleveland Office Building with Views

      Office building in prime location with city views.
      2206 Superior Via, Cleveland, OH 44113
      View Details
    • Contact for pricing
      15,000 SF

      Redevelopment Opportunity in Cleveland, OH

      15,000 SF property in prime location for redevelopment.
      1720-1736 Columbus Rd, Cleveland, OH 44113
      View Details
    • Contact for pricing
      3,334 SF

      Historic Warehouse District Office Space

      Office space in historic Warehouse District with attached garage.
      1448-1468 W 9Th St, Cleveland, OH 44113
      View Details
    • Contact for pricing
      8,611 SF

      Cleveland Office Building For Sale

      Office building with redevelopment potential in Cleveland, Ohio.
      1452 W 25Th St, Cleveland, OH 44113
      View Details
    • Contact for pricing
      7,266 SF

      Historic Cleveland Flats Mixed-Use Building

      Extensively renovated historic building in prime location with development potential.
      1700 Columbus Rd, Cleveland, OH 44113
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      196,465 SF

      Premier Office Space in Cleveland

      Vibrant office spaces with amenities and unmatched connectivity.
      1500 West 3Rd St, Cleveland, OH 44113
      View Details
    • Contact for pricing

      Premier Cleveland Office Building

      LEED-certified office property with high power capacity in downtown Cleveland.
      100 Public Sq, Cleveland, OH 44113
      View Details
    • Contact for pricing
      13,951 SF

      CBD Location with Modern Amenities

      Prime location with new conference facility, fitness center, and parking.
      55 Public Sq, Cleveland, OH 44113
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office building available for rent in Cleveland, OH.
      1468 W 9Th St, Cleveland, OH 44113
      View Details
    • Contact for pricing
      5,073 SF

      Office Space in Higbee Building

      Office space for lease in Cleveland's Higbee Building.
      100 Public Sq, Cleveland, OH 44113
      View Details
    • Contact for pricing

      Creative Space in Cleveland Available

      Blank canvas space with high ceilings, build-out options.
      3093 W 25Th St, Cleveland, OH 44113
      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.
    250 Huron Rd
    Cleveland, OH 44113-1410
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!