Property profile

5401 Hamilton Ave Cleveland, OH 44114

FOR LEASE
Manufacturing properties
Property ID
US66-0710232
0.72 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This expansive industrial warehouse, located at 5401 Hamilton Ave in Cleveland, Ohio (Cuyahoga County, zip code 44114), offers a significant amount of space ideal for various industrial uses. The property encompasses a total of 321,239 square feet, with a minimum divisible space of 4,400 square feet and a maximum contiguous space of 48,000 square feet. Currently, 144,105 square feet is vacant and available for lease. The building sits on a substantial 7.04-acre lot, providing ample room for maneuvering and potential expansion. Features include ceiling heights ranging from 12 to 32 feet, offering versatile storage and operational capabilities. Efficient loading and unloading is facilitated by 8 loading docks and 12 drive-in doors. The property boasts a substantial power supply of 3200 KVA, ensuring sufficient energy for demanding industrial operations. This multi-tenant warehouse is conveniently located minutes from downtown Cleveland, offering easy access to major transportation routes and a skilled workforce. The property is well-suited for businesses seeking a large, functional, and strategically located warehouse space in the heart of Cleveland. Inquire today to learn more about leasing opportunities.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Lot 0.72 ac (31,250 SF)
Zoning code GI
APN 104-06-005
UPID US66-0710232

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Photography Service (Bike/Boat/Book/etc) Store
  • General Contractor
  • Theater & Performing Art Venue
  • Production Facility Furniture & Home Goods
  • Training Center Tutoring Service

Location

5401 Hamilton Ave Cleveland, OH 44114
Cleveland metro Census 108201 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2005
$235,000

Zoning & alternative use

GI · 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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