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2078-2080 S Taylor Rd 2,698 SF 100% Leased Retail Building Cleveland, OH 44118 $450,000 ($166.79/SF) 8.52% Cap Rate
Executive Summary
Terrific opportunity for investor or owner-operator. Use the available unit as your blank canvas for a new business with a tenant already in place in the smaller unit. Two-unit storefront in high-density area with a significant traffic count. Small unit is currently rented at $1200/mo, while larger storefront was restaurant renting at $3500/mo before exiting. Grossed $56,400/year in rent, with a cap rate of 8.5% make this a safe investment. Surface parking in rear. Close to major retail developments, as well as new residential development. Stable area with average household incomes of $124k within the 1 mile radius. Rare opportunity.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$56,400
|
$20.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,640
|
$2.09
|
| Effective Gross Income |
$50,760
|
$18.81
|
| Taxes |
$6,401
|
$2.37
|
| Operating Expenses |
$6,006
|
$2.23
|
| Total Expenses |
$12,407
|
$4.60
|
| Net Operating Income |
$38,353
|
$14.22
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $56,400 |
| Annual Per SF | $20.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,640 |
| Annual Per SF | $2.09 |
| Effective Gross Income | |
|---|---|
| Annual | $50,760 |
| Annual Per SF | $18.81 |
| Taxes | |
|---|---|
| Annual | $6,401 |
| Annual Per SF | $2.37 |
| Operating Expenses | |
|---|---|
| Annual | $6,006 |
| Annual Per SF | $2.23 |
| Total Expenses | |
|---|---|
| Annual | $12,407 |
| Annual Per SF | $4.60 |
| Net Operating Income | |
|---|---|
| Annual | $38,353 |
| Annual Per SF | $14.22 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,698 SF
Building Class
C
Year Built
1947
Price
$450,000
Price Per SF
$166.79
Cap Rate
8.52%
NOI
$38,353
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.13 AC
Zoning
C2
Parking
7 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
39’ on Taylor Rd
Amenities
- Signage
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 687-05-060 | Total Assessment | $42,420 (2024) |
| Land Assessment | $10,010 (2024) | Annual Taxes | $6,401 ($2.37/SF) |
| Improvements Assessment | $32,410 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
687-05-060
Land Assessment
$10,010 (2024)
Improvements Assessment
$32,410 (2024)
Total Assessment
$42,420 (2024)
Annual Taxes
$6,401 ($2.37/SF)
Tax Year
2026
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2078-2080 S Taylor Rd
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