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

    33001 Solon Rd Solon, OH 44139-2839

    • Warehouses
    • 59,470 SF
    • 6.29 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2022
    $5,620,000
    Value Estimations
    $4,495,000
    Show details
    Cap Rate Potential
    6.5%
    Warehouses
    Location Intelligence
    Property ID
    US66-5244423
    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 33001 Solon Rd

    Year built
    1981
    Lot size
    6.29 lot acres
    Property size
    59,470 SF
    Property type
    Warehouses
    APN
    952-18-016
    APU
    95218016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,570,000
      ML approach
      $4,770,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,945,000
      6.5%
      $4,565,000
      7%
      $4,240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,080,000
      Market price range: $1.48M - $5.10M
      AI Estimate
      $3,071,000
      Market price range: $803k - $3.86M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,045,000
      Current use
      MEDICAL BUILDING
      $6,460,000
      Change: +112% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $6,025,000
      Change: +98% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $5,290,000
      Change: +74% Conversion: Easy
      COMMERCIAL (GENERAL)
      $4,930,000
      Change: +62% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,400,000
      Change: +44% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Solon
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4457
    Latitude
    41.3899
    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
    $136,404
    $570,220
    $927,120
    $1,497,340
    -
    $1,629,200
    $2,648,900
    $4,278,100

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      32970 Pkwy Dr

      WAREHOUSE, STORAGE • 1,280 SF
      32970 Pkwy Dr, Solon, OH 44139
      View Details
    • Value Estimation by Request
      4,249 SF

      33141 Bainbridge Rd

      WAREHOUSE, STORAGE • 4,249 SF
      33141 Bainbridge Rd, Solon, OH 44139-2835
      View Details
    • Value Estimation by Request
      39,000 SF

      6661 Cochran Rd

      WAREHOUSE, STORAGE • 39,000 SF
      6661 Cochran Rd, Solon, OH 44139-3925
      View Details
    • Value Estimation
      $1,570,000
      40,040 SF

      29603 Hall St

      WAREHOUSE, STORAGE • 40,040 SF
      29603 Hall St, Solon, OH 44139-3948
      View Details
    • Value Estimation
      $2,515,000
      23,708 SF

      29100 Hall St

      WAREHOUSE, STORAGE • 23,708 SF
      29100 Hall St, Solon, OH 44139-3932
      View Details
    • Value Estimation
      $830,000
      43,345 SF

      31935 Aurora Rd

      WAREHOUSE, STORAGE • 43,345 SF
      31935 Aurora Rd, Solon, OH 44139-2717
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
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    • Contact for pricing
      70,068 SF

      Climate Controlled Warehouse on Corner Lot

      Corner lot warehouse with climate and humidity control.
      29601 Solon Rd, Solon, OH 44139
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    • $1,450,000
      18,386 SF

      Renovated Industrial Property For Sale

      18,386 SF renovated industrial building with flexible floor plan.
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    • Contact for pricing
      15,160 SF

      Solon Office Building For Sale

      High-end, fully furnished office building ideal for corporate headquarters.
      33095 Bainbridge Rd, 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
    • Contact for pricing

      Two-Story Office Complex For Sale

      Two-story office complex with five tenants and updated features.
      30670 Bainbridge Rd, Solon, OH 44139
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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

      Solon Industrial Building For Rent

      81,061 SF industrial building near SR 422 and I-480.
      30700 Aurora Rd, Solon, OH 44139
      View Details
    • Contact for pricing

      Solon Flex Space Available

      Flex space featuring warehouse, office, and clean room areas.
      6565 Davis Industrial 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
    • Contact for pricing
      199,146 SF

      Solon Industrial Parkway Warehouse Space

      199,146 SF industrial building in premier Solon location.
      30725 Solon Industrial Pkwy, Solon, OH 44139
      View Details
    • Contact for pricing
      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
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    Solon, OH 44139-2839
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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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