18450 Miles RdCleveland, OH 44128

Property Details for 18450 Miles Rd

Year built

1961

Lot size

7.29 AC

Property size (Sq ft)

13,260 SF

Zone code

U-6

Property type

Office properties

Property subtype

Office buildings

APN

762-16-008

APU

76216008

Description

This ±140,000 square foot warehouse and distribution facility presents a significant opportunity in Warrensville Heights, Ohio. The property, situated on a 14.582-acre lot, features two buildings with a total of approximately 140,000 square feet of space. The building boasts a Class C rating and was constructed in 1961. The space includes approximately 2,500 square feet of office space. The warehouse features 9 loading docks equipped with levelers, ensuring efficient operations. Ceiling heights vary, with approximately 60,000 square feet offering 17-foot clearance and approximately 80,000 square feet providing 19-foot clearance. Column spacing is 50' x 25'. The property is fully sprinklered for fire suppression. The zoning is U-6. The property's strategic location offers excellent access to Interstates 480 and 271, providing convenient access to major transportation routes. It also benefits from immediate proximity to the North Randall Amazon Hub, and is only 10 miles from downtown Cleveland and 15 miles from Cleveland Hopkins International Airport. The lease rate is $3.95 per square foot, NNN. The property's APN is 76216008, located in Cuyahoga County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,385,473

  6.5%

  $2,201,975

  7%

  $2,044,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,240,340

  Geo Method

  $1,240,340

• Alternative Use

  Use

  Valuation

  Residential

  $2,730,449

  Hospitality

  $2,501,077

  Educational

  $2,080,866

  Medical

  $2,152,430

  Retail

  $3,236,903

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4314

Longitude

-81.5513

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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