Property profile

4479 State Rd Cleveland, OH 44109

FOR SALE
Retail space
Property ID
US66-5933283
904 SF 0.16 ac lot Built 1910
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity in Cleveland, OH, presents two buildings on a 0.16-acre lot, totaling 3,193 square feet. The property comprises a duplex and a separate retail storefront, offering diverse income streams. The duplex provides two residential units, while the freestanding building offers a prime retail space, ideal for a variety of businesses. The combined potential gross monthly rent for all three units is estimated at $2,900, presenting a strong return on investment. Located at 4479 State Road, this property benefits from its convenient location within Cleveland. The buildings are well-maintained and ready for immediate occupancy, providing a turnkey investment opportunity for savvy investors seeking a diversified portfolio. The property's size and layout offer flexibility for future expansion or redevelopment, allowing for further potential income growth. This is a rare chance to acquire a multi-unit property with established rental income in a thriving Cleveland neighborhood. The strong rental potential and diverse income streams make this an attractive investment for both seasoned and new investors. Serious inquiries are encouraged to explore this promising opportunity. The asking price is $179,900.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction WOOD
Total area 904 SF
Lot 0.16 ac (6,873 SF)
Zoning code LR
APN 011-09-001
UPID US66-5933283

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4479 State Rd Cleveland, OH 44109
Cleveland metro Census 105900 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2022
Last sale
$175,000
5 recorded transactions
2022
$175,000
2019
$140,000
2016
Price N/A
2007
$100,000
2005
$6,000

Zoning & alternative use

LR · Cleveland, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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