2139 Noble Rd
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2139 Noble Rd
4,258 SF 100% Leased Retail Building East Cleveland, OH 44112 $279,900 ($66/SF) 11.79% Cap Rate
Investment Highlights
- Newer TPO commercial roofing still under warranty, newer HVAC, recently painted exterior, recently repaved parking lot
- Tenants pay all utilities separately
- 1 Vacant Unit - Build to suit
Executive Summary
Well Maintained!! This 4258 sq ft, 3 unit retail storefront building, features a newer TPO commercial roof that is still under warranty, newer HVAC, recently painted exterior, and recently repaved parking lot. 2 units have long term tenants, and the 3rd unit is currently vacant and can be completed where some renovations have been started or built out to suit by the new owner for themselves or by the new tenant for their business. Tenants pay all utilities and are separate. Come see today!!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Building Size
4,258 SF
Year Built
1964
Price
$279,900
Price Per SF
$66
Cap Rate
11.79%
NOI
$32,989
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Frontage
80 FT on Noble
Amenities
- Bus Line
- Corner Lot
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 673-17-083 | Total Assessment | $21,980 |
| Land Assessment | $13,790 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $8,190 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
673-17-083
Land Assessment
$13,790
Improvements Assessment
$8,190
Total Assessment
$21,980
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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2139 Noble Rd
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