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

    36855 American Way Avon, OH

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

    Located in a fast-growing trade area with high visibility.

    Type:OFFICE
    Property size:
    2,836 SF
    Lot size:
    1.22 Acres
    Price / SF:
    $167/SF
    Added:
    Jun 17, 2024
    Days on Market:
    684
    Last Refresh:
    Apr 5 at 11:10 pm

    Property Features for 36855 American Way

    General Information

    Standard status
    Active
    Size
    2,836 SF
    Lot size
    1.22 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Shaun Brady
    Shaun Brady

    Listing agent Shaun Brady License #SAL.2010003126

    Listing office Goodman Real Estate

    Listing date Jun 17, 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 Goodman Real Estate

    Overview

    Medical/Professional Office Space Available

    This property, situated within Avon Pointe, is suitable for medical and professional services. It is located on Chester Road, west of the Interstate 90 and State Route 83 interchange, in the northwest quadrant of a rapidly developing regional trade area. The property offers prominent visibility to Interstate 90. The property size is 2836 square feet.
    Location Intelligence

    Current Use by Public Records

    Dr. Elaheh Zarchi, ... Dental Office Crowell Carolyn B Dental Office Dr. Charissa K. ... Dental Office Weston Dental Dental Office Dr. Maria Elena ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    • Petco Vaccination Clinic — 35860 Chester Rd, Avon, OH 44011, United States

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0284
    Latitude
    41.4652

    Nearby Similar for Sale

    • $1,250,000

      Historic Avon Restaurant/Bar Opportunity

      Established restaurant/bar location with long-term tenant in place.
      36816 Detroit Road, Avon, OH 44011
      View Details
    • $725,000
      11,000 SF

      Avon Flex Building on Colorado

      11,000 sq ft flex building on 1.31 acres.
      37207 Colorado Avenue, Avon, OH, 44011
      View Details
    • $995,000
      5,040 SF

      Industrial Building on Five Acres

      5,040 SF industrial building on 5 acres for sale.
      34550 Chester Rd, Avon, OH 44011
      View Details
    • $1,668,000

      Profitable Investment Opportunity in Avon

      Two adjacent condos leased to Buckeye Bank and R.A.B. Financial.
      36901 American Way, Avon, OH
      View Details
    • $19,840,000
      60,000 SF

      60,000 SF Dick's Sporting Goods

      60,000 SF single-tenant retail property leased to Dick's Sporting Goods.
      35521 Chester Rd, Avon, OH 44011
      View Details
    • $350,000

      Avon Office Investment Opportunity

      Professional office in Avon, remodeled in 2017 with long-term tenants.
      37040 Colorado Ave, Avon, OH, 44011-1524
      View Details
    • $350,000

      Avon Office Building For Sale

      Professional office building in Avon, remodeled in 2017.
      37040 Colorado Avenue, Avon, OH 44011
      View Details
    • $32,604,000
      34,000 SF

      Topgolf Absolute Net Lease Property

      New construction Topgolf property with a 20-year corporate net lease.
      35343 Chester Rd, Avon, OH 44011
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Located in a fast-growing trade area with high visibility.
    Where is this medical office space located?
    The property is located at 36855 American Way Avon, OH.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Prominent visibility to Interstate 90; Located in a fast‑growing, regional trade area; Positioned in the northwest quadrant of the I‑90 and State Route 83 interchange
    (440) 567-8768 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shaun Brady
    Shaun Brady
    Real Estate License ID: SAL.2010003126
    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

    36855 American Way, Avon, 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!