OFFICE/FLEX SPACE FOR LEASE
Price
Price on request
Square Feet
4,113
Price/Sq Ft
$5.50
Description
OFFICE/FLEX SPACE FOR LEASE − Available Space Unit 4565, Unit B - 4,113 SF Office/Warehouse Space Unit 4558 LL - 9,073 SF Office Space − Lease Rate - $5.50/SF NNN − HVAC - Unit heaters in warehouse; Office – Package unit − Lighting - High-efficiency T8 − Year Built - 1966 − Sprinklers - Wet − Zoning - Industrial − Parking - Abundant
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Property Details
Lease Details
Financial Details
Market Context
This industrial in Cleveland, OH is listed for lease across 4,113 SF ($6/SF). It has been on the market for 147 days.
As of Q1 2026, the Cleveland industrial market showed a 8.8% vacancy rate, and cap rates around 10.5%. Source: multiple brokerages Q1 2026 market report.
Projected current pricing
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Cleveland industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 5.5%–7.3%, asking rent trend-adjusted to today).
Compare it against other industrial listings for lease in Cleveland, OH to benchmark pricing and space — view the full market.
Industrial market FAQ
- What is the typical cap rate for industrial in Cleveland?
- About 10.5% as of Q1 2026, per multiple brokerages.
- Is the Cleveland industrial market tightening or softening?
- Vacancy is around 8.8% (Q1 2026).
Unified Estimate
Very Low ConfidenceRate-first confidence-weighted blend with cost-of-business adjustment.
No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market san-antonio (similarity: 98%) with 9 comparable listings.
Lease Rate & Market Trend
Market report quarterly trend fallback
- Avg Rent ($/SF/mo) (market data)
- Vacancy %
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Effective Rent
$271,458
$5.5/sqft/mo × 4,113 sqft × 12 months
Rent vs. Market
$5.5
On par with market
Listed at $5.5/sqft/mo vs. market avg $5.50/sqft/mo
Assumptions
- Market comparison: industrial in cleveland, OH
More Industrial for Lease in Cleveland, OH(5)
Prime Industrial Building Expansion ±20,000 SF Manufacturing/Warehouse Space
cleveland, OH
Price on request
Cap Rate
N/A
Price/SF
4.0/sf
SF
N/A
WAREHOUSE OR MANUFACTURING SPACE - 16,665 SF AVAILABLE
wickliffe, OH
Price on request
Cap Rate
N/A
Price/SF
5.3/sf
SF
16.7K
WAREHOUSE OR MANUFACTURING SPACE AVAILABLE
wickliffe, OH
Price on request
Cap Rate
N/A
Price/SF
4.5/sf
SF
19.6K
Up to 39k sf warehouse/industrial space newly available For Lease in Akron
akron, OH
Price on request
Cap Rate
N/A
Price/SF
5.0/sf
SF
N/A
OFFICE OR WAREHOUSE SPACE AVAILABLE
leetonia, OH
$500,000
Cap Rate
N/A
Price/SF
4.0/sf
SF
N/A
