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    4988 Springfield Rd Warrensville Heights, OH 44128

    For Sale
    $299,000

    High-profile commercial land, recently rezoned, near I-480 and I-271.

    Lot size:
    0.96 Acres

    Property Features for 4988 Springfield Rd

    General Information

    Lot size
    0.96 Acres

    Source: Hanna Commercial Real Estate | Ann Arbor Agent David Mrachko

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

    Overview

    Commercial Land Near Major Interstates

    This high-profile commercial land is located at the intersection of Miles Road and Richmond Road. The site benefits from its convenient access to both I-480 and I-271. Recently rezoned for commercial development, the property is surrounded by numerous retailers and businesses. The area features a growing daytime population, making it suitable for a variety of commercial ventures.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrensville Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4964717
    Latitude
    41.4253418

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    FAQs

    What type of property is this?
    Commercial land - High-profile commercial land, recently rezoned, near I-480 and I-271.
    Where is this commercial land located?
    The property is located at 4988 Springfield Rd Warrensville Heights, OH.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Price reduced to $299,000; - High profile site at Miles Rd & Richmond Rd; - Recently rezoned for commercial development
    (216) 214-1197
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    4988 Springfield Rd Warrensville Heights, OH 44128
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    Warrensville Heights, OH 44128
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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
    4988 Springfield Rd Warrensville Heights, OH 44128
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