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Property profile & analytics
FOR LEASE
Automotive properties

940 Babbitt Rd Euclid, OH 44123

6,086 SF 5.6 ac lot Built 1994
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US66-2542976
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 feet to a maximum contiguous space of 27,000 square feet, providing options for businesses of different sizes. The entire 45,000 square feet is currently vacant, presenting a blank canvas for a new tenant or a group of complementary businesses. This prime location in Euclid offers excellent visibility and accessibility, making it an ideal spot for retail operations seeking a strong presence in a thriving community. The property's size and flexibility make it suitable for a wide range of retail concepts, from large-format stores to smaller boutiques. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy. This is a rare opportunity to secure a significant retail presence in a desirable location.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1994
Total area 6,086 SF
Lot 5.6 ac (243,936 SF)
Zoning code U4
APN 643-19-026
UPID US66-2542976
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$1.02M
Owner & transaction history
940 Babbit LLC · 2 yrs held
940 Babbit LLC
since 2024
7 recorded transactions
2024
Price N/A
2021
Price N/A
2017
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
U4 · Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.1M +96.2%
Office building $995,000 +79.3%
Medical building $665,000 +20.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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