Industrial Property for Sale in Independence, OH

  • Price: $53.9M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Independence, OH 44131
  • Size: 670,702 SF

Description

The building located at 7711 E. Pleasant Valley Rd contains over 500,000 SF of warehouse space and close to 100,000 SF of office space. It sits in a park-like setting, also has a courtyard. It is within a preferred southern suburban location with excellent freeway access.

Market Context

This industrial in Independence, OH is listed for sale at $53,913,720 across 670,702 SF. It has been on the market for 5 days. Compare it against other industrial listings for sale in Independence, OH — <a href="/search/sale/industrial/ohio/independence">view the full market</a>.

As of Q1 2026, the Cleveland industrial market showed a 8.8% vacancy rate, and cap rates around 10.5%. Source: Consensus Q1 2026 market report.

Industrial market FAQ

What is the typical cap rate for industrial in Cleveland?
About 10.5% as of Q1 2026, per Consensus.
Is the Cleveland industrial market tightening or softening?
Vacancy is around 8.8% (Q1 2026).

Unified Estimate

Very Low Confidence

$6.80/SF – $9.20/SF

Mid: $8.00/SF

Total estimate for 670,702 SF: $5,365,616

Cost-of-business estimate only; rate estimator unavailable.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market minneapolis (similarity: 99%) with 4 comparable listings.

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