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    16620 Royalton Rd Strongsville, OH

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    For Sale
    $3,150,000

    Located in a super regional retail trade area.

    Property size:
    6,187 SF
    Lot size:
    1.02 Acres

    Property Features for 16620 Royalton Rd

    General Information

    Size
    6,187 SF
    Lot size
    1.02 Acres

    Source: CBRE | Cleveland Agent Joseph Khouri

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

    Overview

    Prime Retail Location For Sale

    This property is situated at a signalized intersection with a traffic count of nearly 55,000 vehicles per day. It is an outlot to the number one Costco in Northeast Ohio and a strong-performing Chick-fil-A. The location is across from Southpark Mall and the Cleveland Clinic. The average household income within a 3-mile radius is $128,936. The property has a size of 6,187 square feet.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    Royalton Florist Strongsville OH | Flower Delivery

    Location Insight

    • Map
    • Local Demand
    City
    Strongsville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8552196
    Latitude
    41.3029994

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    FAQs

    What type of property is this?
    Storefront property - Located in a super regional retail trade area.
    Where is this storefront property located?
    The property is located at 16620 Royalton Rd Strongsville, OH.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: - Located at a signalized intersection with nearly 55,000 VPD traffic counts.; - Outlot to the #1 Costco in NE Ohio and a strong performing Chick-fil-A.; - Across from Southpark Mall & Cleveland Clinic.
    (216) 658-6120
    Request Owner's contact information
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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
    16620 Royalton Rd Strongsville, OH
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