For Sale
Garfield Heights, OH
Commercial Real Estate Market Trends & Data
$128
Avg asking sale price
$12
Avg asking lease rate
14,176 SF
Avg unit lease size
16,762 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
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Garfield Heights | $234 | 14,394 SF |
| Valley View | $154 | 356,111 SF |
| Maple Heights | $99 | 30,558 SF |
| Independence | $154 | 356,111 SF |
| Bedford | $88 | 27,221 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 | $86 | 22,906 SF | 10.79% |
| Cleveland | $77 | 27,143 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
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $128 | 16,762 SF |
| Valley View | $141 | 182,731 SF |
| Maple Heights | $168 | 98,009 SF |
| Independence | $108 | 125,834 SF |
| Cuyahoga Heights | $69 | 69,601 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.
Nearby Market Trends
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