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2078-2080 S Taylor Rd 2,698 SF 18% Leased Retail Building Cleveland, OH 44118 $567,959 CAD ($210.51 CAD/SF) 9.59% 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 9.6% 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 |
$80,082
|
$29.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,008
|
$2.97
|
| Effective Gross Income |
$72,074
|
$26.71
|
| Taxes |
$9,089
|
$3.37
|
| Operating Expenses |
$8,528
|
$3.16
|
| Total Expenses |
$17,617
|
$6.53
|
| Net Operating Income |
$54,457
|
$20.18
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $80,082 |
| Annual Per SF | $29.68 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,008 |
| Annual Per SF | $2.97 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,074 |
| Annual Per SF | $26.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,089 |
| Annual Per SF | $3.37 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,528 |
| Annual Per SF | $3.16 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,617 |
| Annual Per SF | $6.53 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $54,457 |
| Annual Per SF | $20.18 |
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
$567,959 CAD
Price Per SF
$210.51 CAD
Cap Rate
9.59%
NOI
$54,457 CAD
Percent Leased
18%
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
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 687-05-060 | Total Assessment | $60,232 CAD (2025) |
| Land Assessment | $14,213 CAD (2025) | Annual Taxes | $9,089 CAD ($3.37 CAD/SF) |
| Improvements Assessment | $46,019 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
687-05-060
Land Assessment
$14,213 CAD (2025)
Improvements Assessment
$46,019 CAD (2025)
Total Assessment
$60,232 CAD (2025)
Annual Taxes
$9,089 CAD ($3.37 CAD/SF)
Tax Year
2026
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2078-2080 S Taylor Rd
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