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

    3370 Warrensville Ctr Rd Shaker Heights, OH 44122-3794

    • Warehouses
    • 9,869 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6155723
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3370 Warrensville Ctr Rd

    Year built
    1957
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.98 lot acres
    Property size
    9,869 SF
    Zone code
    CM
    Property type
    Warehouses
    APN
    733-24-006
    APU
    73324006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $820,000
      6.5%
      $755,000
      7%
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $331,000
      Market price range: $131k - $332k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $505,000
      Current use
      AUTO REPAIR, GARAGE
      $880,000
      Change: +74% Conversion: Easy
      COMMERCIAL (GENERAL)
      $820,000
      Change: +62% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $730,000
      Change: +44% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Shaker Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.537
    Latitude
    41.468
    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
    $66,450
    $156,350
    $321,060
    $477,410
    -
    $446,700
    $917,300
    $1,364,000

    Comparable in this City

    • Value Estimation
      $6,080,000
      129,907 SF

      1 Lyman Cir

      WAREHOUSE, STORAGE • 129,907 SF
      1 Lyman Cir, Shaker Heights, OH 44122-2110
      View Details
    • Value Estimation by Request
      1,040 SF

      20015 Harvard Ave

      WAREHOUSE, STORAGE • 1,040 SF
      20015 Harvard Ave, Warrensville Heights, OH 44122-6804
      View Details
    • Value Estimation
      $2,115,000
      55,082 SF

      19824 Sussex Rd

      WAREHOUSE, STORAGE • 55,082 SF
      19824 Sussex Rd, Shaker Heights, OH 44122-4917
      View Details
    • Value Estimation
      $1,730,000
      102,528 SF

      23355 Mercantile Rd

      WAREHOUSE, STORAGE • 102,528 SF
      23355 Mercantile Rd, Beachwood, OH 44122-5909
      View Details
    • Value Estimation
      $955,000
      18,496 SF

      24000 Mercantile Rd

      WAREHOUSE, STORAGE • 18,496 SF
      24000 Mercantile Rd, Beachwood, OH 44122-5913
      View Details
    • Value Estimation
      $1,660,000
      73,500 SF

      23645 Mercantile Rd

      WAREHOUSE, STORAGE • 73,500 SF
      23645 Mercantile Rd, Beachwood, OH 44122-5978
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land Near Retail Corridor

      High-profile land with easy freeway access and retail proximity.
      27400 Harvard Rd, Beachwood, OH 44122
      View Details
    • $249,000
      0.39 Acres

      Buildable Homesite in Woods of Lyndhurst

      Private cul-de-sac lot for ranch or two-story home.
      1906 Woodbrook Ln, Lyndhurst, OH 44122
      View Details
    • Contact for pricing
      31.00 Acres

      Chagrin Highlands Development Site

      31-Acre Mixed-Use Land in Highland Hills, OH
      0 Millcreek Blvd, Highland Hills, OH 44122
      View Details
    • $13,000,000
      128,729 SF

      Beachwood Medical Office Building

      Prime Beachwood location, high NOI, value-add potential.
      3690 Orange Pl, Orange, OH 44122
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    • $389,000
      0.16 Acres

      Shaker Heights Duplex Near Van Aken

      Classic Shaker Heights duplex with income potential near Van Aken.
      3475 Norwood Rd, Shaker Heights, OH 44122
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    • $8,143,000
      25,684 SF

      Beachwood Retail Center Investment

      High-yield, 2-tenant retail center in prime Ohio location.
      27100 Chagrin Blvd, Orange, OH 44122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53,520 SF

      Beachwood Flex Building For Rent

      53,520 RSF flex building in the Chagrin Corridor.
      23400-23440 Commerce Park Rd, Beachwood, OH 44122
      View Details
    • Contact for pricing
      44,236 SF

      Beachwood Flex Building For Rent

      Flex building in Beachwood with individual entrances and ample parking.
      24000 Mercantile Rd | Beachwood, Beachwood, OH 44122
      View Details
    • $11 SF/Yr
      2,450 SF

      Mercantile Park Flex Space

      Flex space available for rent in Beachwood, Ohio.
      23600 Mercantile Rd, Beachwood, OH 44122
      View Details
    • $11 SF/Yr
      3,200 SF

      Flex Space in Commerce Park

      Flex space available for lease in Beachwood's Mercantile Park.
      23632 Mercantile Rd | Beachwood, Beachwood, OH 44122
      View Details
    • $15 SF/Yr
      24,000 SF

      Beachwood Flex Space For Rent

      Flex space in Beachwood, Ohio, with excellent highway access.
      23350 Mercantile Rd, Beachwood, OH 44122
      View Details
    • $7 SF/Yr
      12,560 SF

      Flexible Suites in Chagrin Corridor

      Flexible use suites with ample parking and highway access.
      23945 Mercantile Rd, Beachwood, OH 44122
      View Details
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    Shaker Heights, OH 44122-3794
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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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