Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4010 E 116Th St Cleveland, OH 44105
    Back to Search
    Property profile & analytics

    4010 E 116Th St Cleveland, OH 44105

    View on Map
    • Warehouses
    • 190,617 SF
    • 14.10 lot acres
    For Lease
    $5,500,000 SF/Yr
    View Listing →
    Prime Commercial Land Opportunity For Lease
    $5,500,000 SF/Yr

    Prime Commercial Land Opportunity

    14.01 acres of commercial land in developing area.

    4010 E 116th Street, Cleveland, OH 44105
    View Listing
    Property ID
    US66-1137124
    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

    • Commercial Induction Inc. / Professional Services

    Property Details for 4010 E 116Th St

    Year built
    1906
    Lot size
    14.10 lot acres
    Property size
    190,617 SF
    Zone code
    SI
    Property type
    Warehouses
    APN
    136-12-019
    APU
    13612019

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,579,000
      Market price range: $5.58M - $17.6M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,015,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6066
    Latitude
    41.4495
    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
    $3,917
    $12,250
    $1,750
    $14,000
    -
    $35,000
    $5,000
    $40,000

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      Un Ave

      WAREHOUSE, STORAGE • 0.12 Acres
      Un Ave, Cleveland, OH 44105
      View Details
    • Value Estimation by Request
      0.09 Acres

      Kazimer Ave

      WAREHOUSE, STORAGE • 0.09 Acres
      Kazimer Ave, Cleveland, OH 44105
      View Details
    • Value Estimation by Request
      0.65 Acres

      7700 Harvard Ave

      WAREHOUSE, STORAGE • 0.65 Acres
      7700 Harvard Ave, Cleveland, OH 44105-3937
      View Details
    • Value Estimation by Request
      0.18 Acres

      4029 86th St

      STORAGE YARD, OPEN STORAGE • 0.18 Acres
      4029 86th St, Cleveland, OH 44105-3913
      View Details
    • Value Estimation by Request
      4,752 SF

      4432-4434 Warner Rd

      WAREHOUSE, STORAGE • 4,752 SF
      4432-4434 Warner Rd, Cleveland, OH 44105
      View Details
    • Value Estimation by Request
      2,600 SF

      10807 Un Ave

      WAREHOUSE, STORAGE • 2,600 SF
      10807 Un Ave, Cleveland, OH 44105-1852
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      124,123 SF

      Industrial Property in Cleveland, OH

      Two-building industrial property totaling 124,123 SF on 5.91 AC.
      6200 Harvard Ave, Cleveland, OH 44105
      View Details
    • $799,000
      26,928 SF

      Versatile Light Industrial Property

      Light industrial property with income potential near downtown Cleveland.
      11910 Harvard Ave, Cleveland, OH 44105
      View Details
    • Contact for pricing
      266,837 SF

      Large Industrial Facility in Cleveland

      Large-scale industrial facility with heavy manufacturing amenities and direct rail.
      4600 Heidtman Pkwy, Cleveland, OH 44105
      View Details
    • Contact for pricing

      Craven Avenue Land For Sale

      Land available on Craven Avenue, Cleveland.
      12212 Craven Ave, Cleveland, OH 44105
      View Details
    • Contact for pricing
      0.07 Acres

      Residential Land in Cleveland, OH

      Land available for building a home or investment property.
      93Rd St, Cleveland, OH 44105
      View Details
    • $259,900
      0.05 Acres

      Cash Flowing Retail Opportunity

      High-traffic corner store with apartment and included licenses.
      4324 Warner Rd, Cleveland, OH 44105
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      26,687 SF

      Cleveland Industrial/Office Space For Lease

      Versatile spaces, 9,073-17,614 sq ft.
      4558 71St St, Cleveland, OH 44105
      View Details
    • $5 SF/Yr
      9,073 SF

      Office/Warehouse Space For Lease

      Office and warehouse spaces available for lease at $5.50/SF NNN.
      4558-4568 E 71St St, Cleveland, OH 44105
      View Details
    • Contact for pricing

      Office/Flex Space Available For Rent

      4,113 SF Office/Flex space available for rent.
      4558 E 71St St, Cleveland, OH 44105
      View Details
    • $5 SF/Yr
      13,186 SF

      Office/Warehouse Space Available For Lease

      Office and warehouse spaces available for lease.
      4564 East 71St St, Cleveland, OH 44105
      View Details
    • Contact for pricing
      15,000 SF

      Warehouse with Office and Dock

      15,000 sqft warehouse featuring office space and common dock.
      5906 Park Ave, Cleveland, OH 44105
      View Details
    • $20,000 /Mo
      17,732 SF

      Industrial Space Near Downtown Cleveland

      17,732 SF industrial building with highway access for lease.
      550 Harvard Ave, Newburgh Heights, OH 44105
      View Details
    View Listing
    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.
    4010 E 116Th St
    Cleveland, OH 44105
    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

    Thank You for Inquiry
    4010 E 116Th St, Cleveland, OH, 44105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!