Garfield Heights, OH
Commercial Real Estate Market Trends & Data

$130 Avg asking sale price
$12 Avg asking lease rate
16,282 SF Avg unit lease size
16,831 SF Avg building size for sale
8.61% Average cap rate

Garfield Heights's Demographic Profile

Garfield Heights has 11,013 households and a median income of $49,407, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 27,483
# Households 11,013
Median age 39
Median household income $49,407
Avg household size 2.0
Renter-occupied housing units 4,742
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Garfield Heights, OH

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Nearby Retail Markets Avg Cost/SF Typical Size
Garfield Heights $234 14,394 SF
Valley View $154 356,111 SF
Maple Heights $90 30,984 SF
Independence $154 356,111 SF
Bedford $100 22,931 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Garfield Heights $77 10,042 SF 9.27%
Warrensville Heights $81 8,004 SF 7.69%
Shaker Heights $102 25,735 SF 10.79%
Cleveland $79 21,789 SF 25.00%

Commercial Properties For Sale in Garfield Heights

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

4578 E 131st St

Garfield Heights, OH 44105

  • 12,079 SF Multifamily
  • 9.27% Cap Rate
  • $879,900
For Sale

15715 Libby Rd

Maple Heights, OH 44137

  • 14,072 SF Retail Building
  • $700,000
For Sale

Harvard Industrial

Cleveland, OH 44105

  • 8,800 SF Industrial Building
  • 12.10% Cap Rate
  • $289,000
For Sale

16436 Miles Rd

Cleveland, OH 44128

  • 4,008 SF Specialty
  • $550,000
For Sale

8219 Broadway Ave

Cleveland, OH 44105

  • 2,500 SF Specialty
  • $600,000
For Sale

5203 Turney Rd

Garfield Heights, OH 44125

  • 2,400 SF Retail Building
  • $235,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Garfield Heights pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Garfield Heights $130 16,831 SF
Valley View $128 164,318 SF
Maple Heights $184 79,214 SF
Independence $106 122,317 SF
Cuyahoga Heights $75 91,802 SF

Regional Demographic Comparison

This comparison places Garfield Heights alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Garfield Heights or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Garfield Heights 27,483 11,013 39 $49,407 2 4,742 -4%
Valley View 1,759 686 51 $92,045 3 61 -4%
Maple Heights 22,840 9,415 40 $45,819 2 3,859 -2%
Independence 7,239 2,764 46 $114,975 3 242 -3%
Cuyahoga Heights 516 216 44 $63,750 2 79 -6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Garfield Heights, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Garfield Heights

View All Commercial Real Estate For Sale in Garfield Heights
Is Garfield Heights a good market for a first-time commercial real estate investor?

Garfield Heights offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Garfield Heights?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Garfield Heights. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Garfield Heights?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Garfield Heights. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Garfield Heights compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Garfield Heights. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Garfield Heights acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Garfield Heights, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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