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

    6050 Oak Tree Blvd, Independence, OH

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

    Office space available for rent in Independence, Ohio.

    Type:OFFICE
    Property size:
    1,518 SF
    Lot size:
    19.99 Acres
    Added:
    Feb 25, 2020
    Days on Market:
    2265
    Last Refresh:
    Apr 5 at 10:20 pm

    Property Features for 6050 Oak Tree Blvd

    General Information

    Standard status
    Active
    Size
    1,518 SF
    Lot size
    19.99 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 6050 Oak Tree Blvd Contact us

    We can help!

    Listing Contact
    Abram Schwarz, SIOR
    Abram Schwarz, SIOR

    Listing agent Abram Schwarz, SIOR

    Listing office Lee & Associates | Cleveland

    Listing date Feb 25, 2020

    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 Lee & Associates | Cleveland

    HighLights

    • Substantial Building Size: 141,999 SF provides ample space.
    • Abundant Parking: 520 surface spaces.
    • Heated Underground Parking: Additional 41 heated underground spaces offer convenience.
    • Prime Location: Situated at Park Center Plaza III, 6150 Oak Tree Blvd., Independence, OH 44131.
    • Surface Parking: On‑site surface parking available.
    • Price Dependent on Construction: Flexibility in pricing based on construction specifications.

    Overview

    Office space is available for rent at 6050 Oak Tree Blvd in Independence, Ohio. The building, known as Park Center Plaza III, has a total size of 141,999 square feet. Parking is provided with 520 surface spaces, in addition to 41 heated underground spaces. The price is dependent on construction. The available space is 1,518 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Pharmacy Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6625
    Latitude
    41.3969

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Independence

      6100 Oak Tree Blvd, Unit 200, Independence, OH 44131
      View Details
    • $16 SF/Yr

      Four-Story Office Building Available

      42,050 RSF office building near I-77 and amenities.
      4401 Rockside Road, Independence, OH, 44131
      View Details
    • $21 SF/Yr

      Office Space in Summit Park

      Office space with amenities and highway access for lease.
      3 Summit Park Drive, Independence, OH, 44131
      View Details
    • Contact for pricing

      Class A Suburban Office Building

      Six-story office building with best-in-class amenities and convenient highway access.
      6055 Rockside Woods Boulevard North, Independence, OH, 44131
      View Details
    • Contact for pricing

      Updated Office Suites For Rent

      Office suites available with updated amenities and common areas.
      6060 Rockside Woods Blvd N, Independence, OH 44131
      View Details
    • $21 SF/Yr

      Four-Story Office Building For Rent

      Four-story office building with ample parking and convenient highway access.
      4511 Rockside Road, Independence, OH, 44131
      View Details
    • $18 SF/Yr

      Class A Office Building

      Three-story office building with lush landscaping and wooded surroundings.
      7100 Pleasant Valley Rd, Independence, OH
      View Details
    • $19 SF/Yr

      Five-Story Office Building for Lease

      Office suites available in a convenient location near I-77.
      6000 Freedom Square Drive, Independence, OH, 44131
      View Details
    • $16 SF/Yr

      Remodeled Office Space Available

      Office space for rent with remodeled common areas.
      4500 Rockside Rd, Independence , OH
      View Details
    • $12 SF/Yr

      Versatile Office Space in Independence

      Office space with amenities in Rockside Corridor, Independence, OH.
      6200 Oak Tree Boulevard, Independence, OH, 44131
      View Details
    • $21 SF/Yr

      Four-Story Office Building Available

      Two four-story office buildings with fitness center and ample parking.
      6155 Rockside Rd, Independence, OH
      View Details
    • $16 SF/Yr

      Office Space with Tenant Amenities

      Office space for rent with conference rooms, fitness center.
      4 Summit Park Drive, Independence, OH, 44131
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for rent in Independence, Ohio.
    Where is this office units located?
    The property is located at 6050 Oak Tree Blvd Independence, OH.
    What are key features of this property?
    This property features: Substantial Building Size: 141,999 SF provides ample space.; Abundant Parking: 520 surface spaces.; Heated Underground Parking: Additional 41 heated underground spaces offer convenience.
    (216) 470-7555 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Abram Schwarz, SIOR
    Abram Schwarz, 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
    6050 Oak Tree Blvd, Independence, 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!