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Property profile & analytics
FOR LEASE
Outlet malls

4601 Northfield Rd North Randall, OH 44128

92,281 SF 12.73 ac lot Built 1973
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US66-2592709
Property summary
AI-generated overview

This exceptional retail investment opportunity presents 23,259 square feet of space in the Randall Square Shopping Center, located at 4601 Northfield Rd, North Randall, OH 44128. Situated in Cuyahoga County, this multi-tenant property boasts a prime location in southeast Cleveland, conveniently positioned just north of I-80 and west of I-271, at the intersection of Northfield Road and Emery Road. The center currently has 23,239 square feet of vacant space available, offering significant potential for new tenants. Space is divisible to a minimum of 2,100 square feet, with a maximum contiguous space of 11,224 square feet. The property sits on a substantial 124,194 square foot lot. Strong anchor tenants, including Roses Discount Store, Dollar General, and Planet Fitness, provide excellent synergy and draw significant foot traffic. This presents a unique chance to acquire a well-located retail center with immediate occupancy potential and the benefit of established anchor tenants. The property is classified as retail, with multiple tenancy options. Warehouse space is also available, adding to the versatility of this investment. This property offers a compelling opportunity for investors seeking a high-traffic retail location in a thriving area.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1973
Construction TYPE NOT SPECIFIED
Total area 92,281 SF
Lot 12.73 ac (554,519 SF)
Zoning code C-1
APN 771-09-005
UPID US66-2592709
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$2.56M
Owner & transaction history
Gator North Randall Ptrs Lllp · 21 yrs held
Gator North Randall Ptrs Lllp
since 2004
7 recorded transactions
2019
Price N/A
2018
Price N/A
2004
$1.3M
2004
Price N/A
1997
$1.8M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-1 · North Randall, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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