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2078-2080 S Taylor Rd 2,698 SF 100% Leased Retail Building Cleveland, OH 44118 $615,735 CAD ($228.22 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$77,172
|
$28.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,717
|
$2.86
|
| Effective Gross Income |
$69,455
|
$25.74
|
| Taxes |
$8,758
|
$3.25
|
| Operating Expenses |
$8,218
|
$3.05
|
| Total Expenses |
$16,976
|
$6.29
|
| Net Operating Income |
$52,478
|
$19.45
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $77,172 |
| Annual Per SF | $28.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,717 |
| Annual Per SF | $2.86 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $69,455 |
| Annual Per SF | $25.74 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,758 |
| Annual Per SF | $3.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,218 |
| Annual Per SF | $3.05 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $16,976 |
| Annual Per SF | $6.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $52,478 |
| Annual Per SF | $19.45 |
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
$615,735 CAD
Price Per SF
$228.22 CAD
Cap Rate
8.52%
NOI
$52,478 CAD
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 | $58,165 CAD (2024) |
| Land Assessment | $13,725 CAD (2024) | Annual Taxes | $8,758 CAD ($3.25 CAD/SF) |
| Improvements Assessment | $44,439 CAD (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
687-05-060
Land Assessment
$13,725 CAD (2024)
Improvements Assessment
$44,439 CAD (2024)
Total Assessment
$58,165 CAD (2024)
Annual Taxes
$8,758 CAD ($3.25 CAD/SF)
Tax Year
2026
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2078-2080 S Taylor Rd
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