Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    27000 Richmond Rd Solon, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space available with excellent highway access and parking.

    Type:INDUSTRIAL
    Property size:
    2,500 SF
    Lot size:
    6.83 Acres
    Added:
    Mar 10, 2025
    Days on Market:
    415
    Last Refresh:
    Apr 5 at 9:15 pm

    Property Features for 27000 Richmond Rd

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    6.83 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 27000 Richmond Rd Contact us

    We can help!

    Listing Contact
    Rico A. Pietro, SIOR

    Listing agent Rico A. Pietro, SIOR

    Listing office Cresco Real Estate | Cleveland

    Listing date Mar 10, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Cresco Real Estate | Cleveland

    Overview

    Solon Flex Space For Lease

    This flex space offers an abundance of on-site parking and monument signage. The property benefits from excellent access to I-480, I-271, and SR-422. The property is undergoing several improvements commencing in spring 2025 under new ownership and management, including parking lot improvements, a comprehensive landscaping overhaul, LED lighting, and interior painting. The available units are suitable for growing businesses, offering competitive lease options and growth opportunities. The property offers 2,500 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Solon
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4866
    Latitude
    41.4104

    Nearby Similar for Lease

    • $500/Mo

      Professional Office Space in Solon

      Flexible office space with shared amenities in Solon, Ohio.
      31320 Solon Road, Solon, OH 44139
      View Details
    • $850/Mo

      Professional Office Space in Solon

      Private office space with shared amenities in Solon, Ohio.
      31320 Solon Road, Solon, OH 44139
      View Details
    • $400/Mo

      Solon Commercial Space for Rent

      Dedicated cubicle with shared amenities in Solon business setting.
      31320 Solon Road, Solon, OH 44139
      View Details
    • $650/Mo

      Professional Office Space in Solon

      Private office with shared amenities in a professional business setting.
      31320 Solon Road, Solon, OH 44139
      View Details
    • $250 SF/Yr

      Solon Commercial Shared Workspace

      Prestigious Solon business address with shared amenities for rent.
      31320 Solon Road, Solon, OH 44139
      View Details
    • $18 SF/Yr

      Solon Office Space Available

      Professional office space for lease in the heart of Solon.
      32875 Solon Road, Solon, OH 44139
      View Details
    • $9,277/Mo

      Modern Office/Medical Building in Solon

      Modern 5,060 sq ft building near highway with high visibility.
      34570 Aurora Road, Solon, OH 44139
      View Details
    • $10 SF/Yr

      Solon Flex Space Available

      Flex space featuring warehouse, office, and clean room areas.
      6565 Davis Industrial Parkway, Solon, OH, 44139
      View Details
    • Sponsored
      Contact for pricing

      OH, Solon - Bainbridge Rd

      30575 Bainbridge Rd, Unit 130, Solon, OH 44139
      View Details
    • $8 SF/Yr

      Solon Flex Space Available

      17,093 RSF flex space available through May 2027.
      28900 Fountain Parkway, Solon, OH, 44139
      View Details
    • $6 SF/Yr

      Solon Industrial Area Office/Warehouse

      Well-maintained office/warehouse space in Solon industrial area.
      6551-6573 Cochran Rd, Solon, OH
      View Details
    • $5 SF/Yr

      Solon Office/Warehouse Space Available

      Office and warehouse space with freeway access in Solon, OH.
      31005 Bainbridge Rd, Solon, OH
      View Details

    FAQs

    What type of property is this?
    Industrial property - Flex space available with excellent highway access and parking.
    Where is this industrial property located?
    The property is located at 27000 Richmond Rd Solon, OH.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Excellent access to I‑480, I‑271, and SR‑422; Abundance of on site parking; Ideal units for growing businesses with competitive lease offerings and growth opportunities
    (216) 520-1200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rico A. Pietro, SIOR
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!