Highland Manor | 11831 Detroit Ave
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Highland Manor 11831 Detroit Ave
22,369 SF 100% Leased Retail Building Lakewood, OH 44107 $5,481,971 CAD ($245.07 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- heavy daytime foot traffic
- 6 store fronts
- lots of natural light
EXECUTIVE SUMMARY
6 store fronts and 37 apartments, two buildings.
This property is 95% occupied and in decent condition. It is sold "as is."
Brick, central heat. Average rent: $1,061, flat roof.
Parking available. Wall air condition units. Fuel is gas.
Total square footage: 40,590.
Tenants pay for electricity only.
This property is 95% occupied and in decent condition. It is sold "as is."
Brick, central heat. Average rent: $1,061, flat roof.
Parking available. Wall air condition units. Fuel is gas.
Total square footage: 40,590.
Tenants pay for electricity only.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
22,369 SF
Building Class
C
Year Built
1920
Price
$5,481,971 CAD
Price Per SF
$245.07 CAD
Cap Rate
6%
NOI
$328,918 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.43 AC
Parking
12 Spaces (0.54 Spaces per 1,000 SF Leased)
Frontage
77’ on Detroit Ave Ave
AMENITIES
- Bus Line
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Rose & Rose Realty
- Real Estate
- -
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Rose & Rose Realty | Real Estate | - | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 315-13-010 | Total Assessment | $552,182 CAD |
| Land Assessment | $57,023 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $495,159 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
315-13-010
Land Assessment
$57,023 CAD
Improvements Assessment
$495,159 CAD
Total Assessment
$552,182 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Highland Manor | 11831 Detroit Ave
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