Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Broadview Heights Office Space Available Title is generated by Realmo AI

    9150 S Hills Boulevard, Broadview Heights, OH

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

    Office space for rent in Broadview Heights, Ohio.

    Type:OFFICE
    Property size:
    3,388 SF
    Lot size:
    5.94 Acres
    Added:
    Nov 7, 2024
    Days on Market:
    555
    Last Refresh:
    Apr 5 at 9:56 pm

    Property Features for 9150 S Hills Boulevard

    General Information

    Standard status
    Active
    Size
    3,388 SF
    Lot size
    5.94 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 9150 S Hills Boulevard Contact us

    We can help!

    Listing Contact
    Jeffrey Cristal, SIOR

    Listing agent Jeffrey Cristal, SIOR

    Listing office Newmark | Cleveland

    Listing date Nov 7, 2024

    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 Newmark | Cleveland

    HighLights

    • On‑site maintenance staff ensures prompt attention to any issues.
    • Free to use conference room for all tenants - A great amenity for meetings.
    • Janitorial services five (5) days a week.
    • Key card access for enhanced security.

    Overview

    This property offers office space for rent and includes access to a conference room for all tenants. Key card access is provided, along with janitorial services five days a week and on-site maintenance staff. The property size is 3388 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Broadview Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6802054
    Latitude
    41.33031

    Nearby Similar for Lease

    • $22 SF/Yr
      22,796 SF

      Broadview Heights Office Space Available

      Two-story office building with suites available for lease.
      6001 East Royalton Road, Broadview Heights, OH, 44147
      View Details
    • Contact for pricing
      8,800 SF

      Freestanding Retail/Office/Daycare Opportunity

      8,800 SF freestanding building on 1.1 AC in Broadview Heights.
      8161 Broadview Road, Broadview Heights, OH, 44147
      View Details
    • $11 SF/Yr
      450 SF

      Office Space in Business Park

      Office space available in well-established Broadview Heights business park.
      700-790 Ken Mar Industrial Pkwy, Broadview Heights, OH
      View Details
    • Contact for pricing
      67,000 SF

      Broadview Heights Office Property For Rent

      Office property in Broadview Heights with tenant amenities available for lease.
      9100 South Hills Boulevard, Broadview Heights, OH 44147
      View Details
    • $18 SF/Yr
      400 SF

      Updated Office Building Suites

      Well-maintained office suites available for lease.
      150 Sprague Rd, Broadview Heights, OH
      View Details
    • Contact for pricing
      60,000 SF

      Broadview Heights Office Property For Rent

      60,000 SF office property in Broadview Heights, Ohio.
      9150 South Hills Boulevard, Broadview Heights, OH 44147
      View Details
    • Contact for pricing
      75,026 SF

      Broadview Heights Office Space Available

      Office property in Broadview Heights with tenant amenities for lease.
      9200 South Hills Boulevard, Broadview Heights, OH 44147
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space on Broadview Road

      Retail space available for lease on Broadview Road.
      7977 Broadview Rd, Broadview Heights, OH
      View Details
    • $22 SF/Yr
      6,156 SF

      Broadview Heights Office Space Available

      Two-story office building with suites available for lease.
      6001 Royalton Rd, Broadview Heights, OH
      View Details
    • Contact for pricing
      1,265 SF

      Retail Space on Broadview Road

      Retail space available in Broadview Heights, Ohio.
      7977-8005 Broadview Rd, Broadview Heights, OH
      View Details
    • $14 SF/Yr
      1,050 SF

      Retail Space in Wellpoint Plaza

      Retail space available in high-traffic Wellpoint Plaza.
      9243 Broadview Rd, Broadview Heights, OH
      View Details
    • Contact for pricing
      2,160 SF

      Turnkey Salon and Spa Space

      Salon and spa space available for rent in Broadview Heights.
      500-550 Royalton Rd , Broadview Heights, OH
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent in Broadview Heights, Ohio.
    Where is this office units located?
    The property is located at 9150 S Hills Boulevard Broadview Heights, OH.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: On‑site maintenance staff ensures prompt attention to any issues.; Free to use conference room for all tenants - A great amenity for meetings.; Janitorial services five (5) days a week.
    (216) 861-3040 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeffrey Cristal, 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

    Thank You for Inquiry
    9150 S Hills Boulevard, Broadview Heights, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!