5403 E Schaaf Rd — Sale in Independence, OH

  • Price: $1.6M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Independence, OH 44131
  • Size: 20,075 SF

Investment Figures

Price per square foot
$80

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Independence industrial valley, close proximity to I77 and I-480

Market Context

This industrial in Independence, OH is listed for sale at $1,606,000 across 20,075 SF. It has been on the market for 53 days. Compare it against other industrial listings for sale in Independence, OH — view the full market.

As of Q1 2026, the Cleveland industrial market showed an 8.8% vacancy rate, and cap rates around 10.5%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Cleveland?
About 10.5% as of Q1 2026, per multiple brokerage reports.
Is the Cleveland industrial market tightening or softening?
Vacancy is around 8.8% (Q1 2026).

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