7501 Carnegie Ave Cleveland, OH 44103-4809
Property profile & analytics
7501 Carnegie Ave Cleveland, OH 44103-4809
- Manufacturing properties
- 77,355 SF
- 4.69 lot acres
Property ID
US66-3073865
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.
Location Intelligence
Current Use by Public Records
- Souper Market Inc / Restaurant
- Central Kitchen Food Hub / Food Processing Plant
- Zero Doubt Kitchen / Restaurant
- Cleveland Kitchen / Food Processing Plant / Factory
- Garden of Flavor / Specialty Food Shop / (Bike/Boat/Book/etc) Store
Property Details for 7501 Carnegie Ave
- Year built
- 1900
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.69 lot acres
- Property size
- 77,355 SF
- Zone code
- MMUD-3
- Property type
- Manufacturing properties
- APN
- 118-15-009
- APU
- 11815009
Description
This exceptional 138,046 square foot multi-tenant industrial complex in Cleveland, Ohio, presents a compelling investment opportunity. Situated on a 4.88-acre lot at 7501 Carnegie Ave, this Class A property boasts a 100% occupancy rate with ten credit-rated tenants, including Cleveland Kraut, Garden of Flavor, and PODS. The property features a diverse mix of flex space, refrigerated/cold storage, and warehouse areas, totaling seventeen units. Originally built in 1925 with ongoing renovations since 2012, the building includes nine loading docks, seven dock-high doors, and ceiling heights reaching 26'9". Key amenities include heavy power, a building-wide sprinkler system, shop restrooms, floor drains, and food-grade racking. The property benefits from a strategic location with easy access to major interstates, a skilled workforce, and public transportation, ideally servicing the Central Business District, Midtown, Case Western Reserve University, University Hospitals, and The Cleveland Clinic. The current NOI is $1,055,644, yielding an 8.95% cap rate. The property is zoned for general industrial use and is located in an Opportunity Zone. This stabilized investment offers significant upside potential due to increasing construction costs and decreasing supply. The asking price is $11,800,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,295,000
- 6.5%
- $4,890,000
- 7%
- $4,540,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,571,000
- AI Estimate
- $6,957,000
Market price range: $1.12M - $6.57MMarket price range: $1.46M - $6.96M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $8,405,000
- NEIGHBORHOOD: SHOPPING CENTER
- $7,835,000
- AUTO REPAIR, GARAGE
- $6,880,000
- COMMERCIAL (GENERAL)
- $6,410,000
- RETAIL STORES
- $4,960,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6362
- Latitude
- 41.5023
- 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
$93,739
$196,490
$742,110
$938,600
-
$561,400
$2,120,300
$2,681,700
