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Property profile & analytics
OFF-MARKET Estimated value $7,245,000
Community centers

4071 Lee Rd Cleveland, OH 44128-2100

95,184 SF 1.48 ac lot Built 1950
Individually Owned 1-yr Hold Free & Clear
Property ID
US66-1099251
Property summary
AI-generated overview

This exceptional retail opportunity presents itself in the form of the Lee Harvard Shopping Center, a well-established shopping center located at 4071 Lee Rd, Cleveland, Ohio, in Cuyahoga County, zip code 44128. The property boasts a total building area of 201,491 square feet and currently offers multiple spaces available for lease. The center features a diverse tenancy, providing a strong foundation for new businesses. Individual spaces range in size from a minimum of 1,500 square feet to a maximum contiguous space of 4,046 square feet, offering flexibility for various retail concepts. Currently, there are 5,546 square feet of vacant space available, presenting a unique chance to establish a presence in this thriving Cleveland location. The property's strategic location provides excellent visibility and accessibility, ensuring high foot traffic and customer exposure. This is an ideal opportunity for businesses seeking a well-established retail location in a bustling area of Cleveland. The property is classified as a retail shopping center with multiple tenants. The address is easily accessible and situated within a vibrant commercial district. This is a rare opportunity to secure retail space in a high-traffic location. Serious inquiries are encouraged to explore this promising investment.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1950
Construction TYPE NOT SPECIFIED
Total area 95,184 SF
Lot 1.48 ac (64,543 SF)
Zoning code SC
APN 141-10-012
UPID US66-1099251
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • T-Mobile Mobile Phone Store Electronics & Wireless Store
  • Dr. Michael D. Infeld, MD Physician
  • Cleveland Dental Institute Dental Office
  • Kozik James L DDS Dental Office
  • MetroHealth Department of Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.53M
Blend (final) Blend
$7.25M
Owner & transaction history
Justin Ferguson · 1 yrs held
Justin Ferguson
since 2024
5 recorded transactions
2024
$43,500
2018
$12.8M
2018
$5.6M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SC · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $10.3M +7.3%
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