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    29215 Euclid Ave Wickliffe, OH 44092

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    29215 Euclid Ave Wickliffe, OH 44092

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    • Strip malls
    • 27,653 SF
    • 1.62 lot acres
    For Lease
    View Listing →
    Suites Available on Euclid Avenue For Lease
    Contact for pricing

    Suites Available on Euclid Avenue

    Two suites available at signalized corner with monument signage.

    29215 Euclid Ave, Wickliffe, OH 44092
    View Listing
    Property ID
    US66-1569392
    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

    • Strip malls

    Property Details for 29215 Euclid Ave

    Year built
    1964
    Lot size
    1.62 lot acres
    Property size
    27,653 SF
    Zone code
    GB
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    29-A-004-E-00-001-0
    APU
    29A004E000010

    Description

    This exceptional single-story commercial property, Lloyd-Euclid Plaza, located at 29215 Euclid Ave, Wickliffe, OH 44092, offers 26,581 square feet of versatile space ideal for creative office or retail uses. Currently, a significant 11,650 square feet of contiguous space is immediately available, with a minimum divisible space of 3,150 square feet. The building features two total suites. The property boasts a highly visible location at a signalized corner with a monument sign, ensuring maximum exposure for your business. Zoned for retail, office, and showroom uses, this property is situated in the Northeast submarket of Lake County, within the Euclid-Wickliffe-Willowick cluster. The building is conveniently located near the Lloyd cross street. While there are no elevators, the single-story design provides easy accessibility. This is a rare opportunity to secure prime commercial space in a thriving location. The available space is perfect for businesses seeking high visibility and convenient access. Don't miss this chance to establish your presence in this dynamic area.

    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
    Wickliffe
    County
    Lake
    State
    Ohio
    Longitude
    -81.4753
    Latitude
    41.6058
    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
    $24,959
    $87,890
    $139,000
    $226,890
    -
    $251,110
    $397,140
    $648,250

    Comparable in this City

    • Value Estimation
      $540,000
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      27910 Chardon Rd, Unit 28090

      SHOPPING CENTER, STRIP CENTER • 32,557 SF
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      View Details
    • Value Estimation by Request
      34,266 SF

      30432 Euclid Ave

      SHOPPING CENTER, STRIP CENTER • 34,266 SF
      30432 Euclid Ave, Wickliffe, OH 44092-1578
      View Details
    • Value Estimation by Request
      15,352 SF

      27505-2784 Euclid Chardon Rd

      SHOPPING CENTER, STRIP CENTER • 15,352 SF
      27505-2784 Euclid Chardon Rd, Willoughby Hills, OH 44092
      View Details
    • Value Estimation by Request
      12,480 SF

      2830 Bishop Rd

      SHOPPING CENTER, STRIP CENTER • 12,480 SF
      2830 Bishop Rd, Willoughby Hills, OH 44092-2604
      View Details
    • Value Estimation by Request
      14,000 SF

      29610 Euclid Ave

      SHOPPING CENTER, STRIP CENTER • 14,000 SF
      29610 Euclid Ave, Wickliffe, OH 44092-1829
      View Details
    • Value Estimation by Request
      20,403 SF

      28112-2828 Euclid-chardon Rd

      SHOPPING CENTER, STRIP CENTER • 20,403 SF
      28112-2828 Euclid-chardon Rd, Willoughby Hills, OH 44092
      View Details

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      Wickliffe Commercial Property For Sale

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    Similar Nearby for Lease

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      Retail Space in High Traffic

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      Willoughby Hills Shopping Center Opportunities

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      Prime Corner Commercial Space

      Highly visible Wickliffe commercial space with flexible layout.
      29436 Euclid Ave, Wickliffe, OH 44092
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      Euclid Avenue Commercial Unit

      Well-kept commercial unit with flexible space on Euclid Avenue.
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      Suites Available on Euclid Avenue

      Two suites available at signalized corner with monument signage.
      29215 Euclid Ave, Wickliffe, OH 44092
      View Details
    • Contact for pricing
      24,992 SF

      Updated Building on Bishop Road

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      View Details
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    Wickliffe, OH 44092
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    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
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