Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5755 Granger Rd Independence, OH 44131

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($3,353 /Mo)

    Nine-story office building with updated common areas and ample parking.

    Property size:
    2,775 SF
    Lot size:
    4.04 Acres

    Property Features for 5755 Granger Rd

    General Information

    Size
    2,775 SF
    Lot size
    4.04 Acres

    We can help!

    Listing Contact
    Eric M. Schreibman
    Source: Moodyscre

    Listing Agent: Eric M. Schreibman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Independence Office Building For Lease

    This nine-story office building offers an established and professional local management. Recent updates include the lobby, corridors, and common area lighting. A freshly updated model suite is available for lease directly off the main lobby as Suite 100. The building features large windows providing excellent views and natural light. On-site amenities include a full-service cafe serving breakfast and lunch Monday through Friday, and two large conference rooms. Low-cost storage space is available on the lower level. The property provides easy access and visibility to I-77, I-480, and SR 176 (Jennings Freeway), offering an excellent location without the congestion of the Rockside Road Corridor. Ample free surface parking is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Building Supply Auto Repair Shop Wholesale Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6500394
    Latitude
    41.4156904

    Nearby Similar for Lease

    • Contact for pricing
      226 SF

      Modern Office Space Available

      High-speed elevators, advanced HVAC, and sophisticated fire safety system.
      6450-6480 Rockside Woods Blvd South | Independence, Independence, OH 44131
      View Details
    • Contact for pricing
      4,965 SF

      Renovated Office Space Available

      Full floor sublease with amenities and highway access.
      5950 W Creek Rd, Independence, OH 44131
      View Details
    • $10 SF/Yr
      55,310 SF

      Independence Square Medical Office Space

      10,725 SF Medical Office Available; Strong Co-Tenancy
      6527 Brecksville Rd, Independence, OH 44131
      View Details
    • Contact for pricing
      19,088 SF

      New Class A Office Building

      Newly constructed Class A office building with modern amenities.
      5959 Rockside Woods Blvd N, Independence, OH 44131
      View Details
    • $18 SF/Yr
      4,653 SF

      Four-Story Office Building Available

      Two four-story office buildings with fitness center and ample parking.
      6155 Rockside Rd, Independence, OH 44131
      View Details
    • $15 SF/Yr
      26,690 SF

      Independence Office Space for Lease

      Modern Executive Suites & Coworking
      6100 Oak Tree Blvd, Independence, OH 44131
      View Details
    • $21 SF/Yr
      122,000 SF

      Spectrum Building: Independence Office Space

      Class A Office Suites, Rockside Corridor
      6060 Rockside Woods Blvd, Independence, OH 44131
      View Details
    • Contact for pricing
      3,252 SF

      Independence Medical Office Building

      Prime Medical Office Space For Lease
      4801 Acorn Dr, Independence, OH 44131
      View Details
    • $18 SF/Yr
      7,714 SF

      Renovated Office Space Available

      Suites available with freeway access and nearby amenities.
      6100 Rockside Woods Blvd, Independence, OH 44131
      View Details
    • $15 SF/Yr
      1,634 SF

      Office Space in Rockside Corridor

      Office space for lease with convenient highway access.
      4807 Rockside Rd, Independence, OH 44131
      View Details
    • Contact for pricing
      18,884 SF

      Office Space with Highway Visibility

      Office space with excellent visibility and signage opportunities.
      6000-6100 W Creek Rd, Independence, OH 44131
      View Details
    • $6,000 /Mo
      4,000 SF

      Industrial Property with Fenced Yard

      Centrally located industrial property with excellent highway access and storage.
      5617 Schaff Rd, Independence, OH
      View Details

    FAQs

    What type of property is this?
    Office building - Nine-story office building with updated common areas and ample parking.
    Where is this office building located?
    The property is located at 5755 Granger Rd Independence, OH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Easy access and visibility to I-77, I-480, and SR 176 (Jennings Freeway); - Ample free surface parking; - Full service cafe off the main lobby serves breakfast and lunch (Monday through Friday)
    (216) 520-1200
    Request Owner's contact information
    5755 Granger Rd Independence, OH 44131
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5755 Granger Rd
    Independence, OH 44131
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5755 Granger Rd Independence, OH 44131
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eric M. Schreibman
    (216) 520-1200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.