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    16651 W Sprague Rd Strongsville, OH

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    For Sale
    $2,173,500

    Land available with existing parking lot and highway visibility.

    Lot size:
    14.49 Acres

    Property Features for 16651 W Sprague Rd

    General Information

    Lot size
    14.49 Acres

    Source: CBRE | Cleveland Agent Fred Herrera

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

    Overview

    Sprague Road Land Opportunity

    This property consists of land with an existing approximately 1.1-acre parking lot, featuring 137 spots. The site benefits from highway visibility and has all utilities available on Sprague Road. It is zoned for Research & Development. The land is partially cleared and offers a 100% real estate tax abatement on new improvements for 10 years. The price is $150,000 per acre.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    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?
    Land - Land available with existing parking lot and highway visibility.
    Where is this land located?
    The property is located at 16651 W Sprague Rd Strongsville, OH.
    What is the asking price?
    The asking price for this property is $2,173,500.
    What are key features of this property?
    This property features: - 100% RE tax abatement on new improvements x 10 years; - Existing ±1.1 acre (137 spots) parking lot; - Zoned Research & Development
    (216) 363-6408
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    16651 W Sprague Rd Strongsville, OH
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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
    16651 W Sprague Rd Strongsville, OH
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