Realmo Analytics
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Property summary
This exceptional investment opportunity presents a 70,898-square-foot industrial property in Cleveland, Ohio, currently 100% occupied by SRC Worldwide Inc. under a 15-year sale-leaseback agreement. The property, situated on 3.48 acres, features 16-foot ceilings, four exterior docks, and three drive-in doors. Located in a thriving industrial area of southwest Cleveland, it benefits from excellent access to Interstates 90 and 71, and proximity to Cleveland Hopkins International Airport. The… property's General Industry Districts (GI-B3) zoning ensures flexibility. The absolute net lease structure with 3% annual rent increases and two five-year options minimizes landlord responsibilities. With a list price of $5,317,350 and a net operating income (NOI) of $425,388, this offering boasts an attractive 8.00% capitalization rate. The tenant, SRC Worldwide Inc., a leading global producer of magnesium fluxes and anhydrous magnesium chloride, uses the property as its corporate headquarters. This sale-leaseback provides a secure, long-term investment with significant upside potential in a robust industrial market characterized by low vacancy rates. The property's address is 3425 Service Rd, Cleveland, OH 44111, with APN 021-36-009. The building is a single-tenant, single-building structure.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 65,195 SF
- Lot area
- 3.48 ac
- Year built
- 1983
- Stories
- 1
- APN
- 021-36-009
- Zoning
- GI
- Assessed value · 2023
- $408,100
- Annual tax · 2023
- $40,758
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
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- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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