Financial
Distress signals
Property profile

940 Babbitt Rd Euclid, OH 44123

FOR LEASE
Automotive properties
Property ID
US66-2542976
6,086 SF 5.6 ac lot Built 1994
Last sale Feb 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Euclid, Ohio retail property, located at 940 Babbitt Rd, offers a total of 45,000 square feet of commercial space currently available for lease. The building is situated in Cuyahoga County, zip code 44123, and presents a unique opportunity for multiple tenants or a single large occupant. The property is categorized as a multi-tenant retail space, allowing for flexible lease arrangements to suit various business needs. Individual spaces range from a minimum of 6,000 square

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$78k
Tax billed · 2023
Assessed value$709k
Assessed land$376k
Assessed improvement$333k
Effective rate10.97%

Value estimate

· Sep 2026
$390k
$351k – $429k
Submarket $/SF estimate$1.06M
NOI build-up
Gross scheduled income$1.44M
Vacancy & credit loss−$53k
Operating expenses−$416k
NOI · 32,332.53% cap applied$970k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
County average, outlier-cleaned · 241 recorded sales of this use type
Observed band · Q1–Q3$44 – $175
Qualifying comparables4

Cap rate analysis

How does the asset earn?
32,332.53%
$970k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
U4
R 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Cit...
General categoryCOMMERCIAL
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.6
Computer & Electronic Repair9.8
Smoke and Vape Shop9.7

Location

940 Babbitt Rd Euclid, OH 44123
County assessor Recorded deeds · 7 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
950 222nd, Euclid, OH 44123-3318 $210,000 Jan 2026 2,652 SF
115 206th, Euclid, OH 44123-1007 $4,000 Mar 2025 1,180 SF
22761 Shr Ctr, Euclid, OH 44123 $180,000 Jan 2025 2,262 SF
939 222nd, Euclid, OH 44123-3319 $228,500 Dec 2024 4,625 SF
219th, Euclid, OH 44123 $51,750 Jun 2023 No data
8 220th, Euclid, OH 44123 $294,900 Nov 2018 1,777 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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