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    464 Richmond Rd Cleveland, OH 44143

    Picture of Medical offices at Richmond Rd 464, Cleveland, OH
    For Sale
    $1,000,000

    SINGLE_FAMILY - Cleveland, OH

    Type:Office
    Lot size:
    0.60 Acres
    Days on Market:
    21
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 464 Richmond Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    APN
    662-15-020
    Lot size
    0.60 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units
    Water source
    Public

    Building Details

    Year built
    1988

    Coldwell Banker Schmidt Realty (440) 572-0220 [email protected]

    Listing agent Frank Boldizar (330) 998-0459 License #400958

    Listing date Nov 15, 2025

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Building Investment Opportunity

    This well-maintained medical building, currently owned by a private physician with an on-site surgery center, is located in a rapidly developing commercial area. The owner may be interested in remaining as a tenant. It is ideal for physicians looking to establish their practice in a medical space while also benefiting from property ownership as a secondary income stream. The building boasts a 70 to 80% occupancy rate, ensuring strong income potential. A small music studio and a nurse training organization, with the majority being medical, occupy the building. The property, situated on a 0.6-acre lot, presents an excellent investment opportunity in a thriving market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Trailer Rental Service First Hands Health ... Nursing School Bevolve Software Company Group4 Fitness Systems Personal Trainer Cleveland Quality Healthnet Health Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Hillcrest Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.497468
    Latitude
    41.552485

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    FAQs

    What type of property is this?
    Medical office - Well-maintained medical building with high occupancy in a developing area.
    Where is this medical office located?
    The property is located at 464 Richmond Rd Cleveland, OH.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - High occupancy rate (70-80%) ensures immediate income potential.; - Existing medical building with surgery center, ideal for physicians.; - Potential for owner to remain as a tenant, providing guaranteed income.
    (330) 998-0459
    Request Owner's contact information
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    Cleveland, OH 44143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    464 Richmond Rd Cleveland, OH 44143
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