Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29001 Solon Rd, Unit 29099 Solon, OH 44139-3468

    • Warehouses
    • 194,640 SF
    • 13.99 lot acres
    OFF-MARKET
    Last Sale
    Dec 15, 2021
    $7,625,000
    Value Estimations
    $6,290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2469962
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 29001 Solon Rd

    Year built
    1972
    Construction
    TYPE NOT SPECIFIED
    Lot size
    13.99 lot acres
    Property size
    194,640 SF
    Zone code
    I-2
    Property type
    Warehouses
    APN
    953-07-001
    APU
    95307001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,565,000
      ML approach
      $8,490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,455,000
      Market price range: $4.84M - $16.7M
      AI Estimate
      $4,105,000
      Market price range: $2.63M - $12.6M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $9,970,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Solon
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4738
    Latitude
    41.3893
    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
    $182,339
    $359,940
    $1,641,640
    $2,001,580
    -
    $1,028,400
    $4,690,400
    $5,718,800

    Comparable in this City

    • Value Estimation by Request

      32425 Aurora Rd

      Flex space
      32425 Aurora Rd, Solon, OH 44139
      View Details
    • Value Estimation
      $1,025,000
      161,216 SF

      30725 Solon Industrial Pkwy

      WAREHOUSE, STORAGE • 161,216 SF
      30725 Solon Industrial Pkwy, Solon, OH 44139-4338
      View Details
    • Value Estimation
      $485,000
      32,060 SF

      32333 Aurora Rd

      WAREHOUSE, STORAGE • 32,060 SF
      32333 Aurora Rd, Solon, OH 44139-2843
      View Details
    • Value Estimation
      $415,000
      32,400 SF

      31300 Bainbridge Rd

      WAREHOUSE, STORAGE • 32,400 SF
      31300 Bainbridge Rd, Solon, OH 44139-2273
      View Details
    • Value Estimation
      $320,000
      1,394 SF

      33375 Bainbridge Rd

      WAREHOUSE, STORAGE • 1,394 SF
      33375 Bainbridge Rd, Solon, OH 44139-2836
      View Details
    • Value Estimation
      $880,000
      41,454 SF

      30400 Bruce Industrial Pkwy

      WAREHOUSE, STORAGE • 41,454 SF
      30400 Bruce Industrial Pkwy, Solon, OH 44139-3940
      View Details

    Similar Nearby for Sale

    • $1,450,000
      18,386 SF

      Renovated Industrial Property For Sale

      18,386 SF renovated industrial building with flexible floor plan.
      Glenwillow, OH 44139
      View Details
    • $11,495,000
      102,990 SF

      Renovated Industrial Property with Parking

      Renovated industrial property featuring docks, drive-in access, and ample parking.
      6675 Parkland Blvd, Solon, OH 44139
      View Details
    • Contact for pricing
      10,894 SF

      Retail Property in Solon, Ohio

      Retail property with 10,894 square feet of space.
      32800 Solon Rd, Solon, OH 44139
      View Details
    • $10,000,000
      8.56 Acres

      Glenwillow, OH Industrial Property

      8.56 Acres, $10M+ Offers
      7000 Cochran Rd, Glenwillow, OH 44139
      View Details
    • $465,000
      1.02 Acres

      Solon Land in Orange School

      Exclusive 1+ acre lots in award-winning Orange School District.
      1 Neptune Oval, Solon, OH 44139
      View Details
    • Contact for pricing
      25,497 SF

      Retail Property in Uptown Solon

      Retail property surrounded by complementary retailers and high-traffic roadways.
      6130-6134 Kruse Dr, Solon, OH 44139
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      199,146 SF

      Solon Industrial Parkway Warehouse

      Large industrial space, ideal for manufacturing.
      30725 Solon Industrial Pkwy, Solon, OH 44139
      View Details
    • $5 SF/Yr
      64,737 SF

      Solon Warehouse Space Available

      64,737 SF warehouse with easy highway access. Available April 2025.
      5370 Naiman Pkwy, Solon, OH 44139
      View Details
    • Contact for pricing
      59,964 SF

      Available Industrial Space in Solon

      59,964 SF industrial space for lease in Solon, OH.
      7905 Cochran Rd, Solon, OH 44139
      View Details
    • $5 SF/Yr
      17,000 SF

      Solon Warehouse Space Available

      17,000 SF warehouse space with 24' ceilings for lease.
      6575 Davis Industrial Pkwy, Solon, OH 44139
      View Details
    • $5 SF/Yr
      81,061 SF

      Solon Industrial Warehouse Space

      81,061 SF Warehouse, Flexible Lease
      30700 Aurora Rd, Solon, OH 44139
      View Details
    • $6 SF/Yr
      6,560 SF

      Solon Industrial Area Office/Warehouse

      Well-maintained office/warehouse space in Solon industrial area.
      6551-6573 Cochran Rd, Solon, OH 44139
      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.
    29001 Solon Rd, Unit 29099
    Solon, OH 44139-3468
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.