Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23293 Commerce Park Rd Beachwood, OH 44122

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9 SF/Yr

    Distinguished property in Beachwood's thriving Commerce Park, ideal for businesses.

    Property size:
    33,423 SF
    Lot size:
    33,423 SF

    Property Features for 23293 Commerce Park Rd

    General Information

    Size
    33,423 SF

    We can help!

    Listing Contact
    Abram Schwarz, Sior
    Source: Lee-associates

    Listing Agent: Abram Schwarz, Sior

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

    Learn more

    Overview

    Premier Office Space in Beachwood

    This property in Beachwood, OH, offers an exceptional leasing opportunity. The building features contemporary architecture and versatile floor plans, providing an ideal space for businesses. Tenants benefit from ample parking, 24/7 access, and professional property management services. Its strategic location ensures easy accessibility from major highways, offering convenience for employees and clients. The property is located in the heart of Beachwood's thriving Commerce Park. The surrounding professional community in Beachwood, OH, offers convenient access to dining options and upscale shopping at Beachwood Place. The area also provides easy access to amenities like the Ahuja Medical Center and the Beachwood Community Center. The location provides a blend of work and leisure, making it an appealing choice for tenants seeking a premier office location. The property offers a well-appointed space for a professional business presence. The property size is 33423 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Beachwood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5121
    Latitude
    41.4698

    Nearby Similar for Lease

    • Contact for pricing
      11,421 SF

      Legacy Village Retail Space

      Beachwood, OH shopping center space
      25001 Cedar Rd, Beachwood, OH 44122
      View Details
    • $16 SF/Yr
      5,000 SF

      Turnkey Office Space Available

      Turnkey office spaces totaling 12,263 SF available for lease.
      23600 Commerce Park Dr, Beachwood, OH
      View Details
    • Contact for pricing
      53,520 SF

      Beachwood Flex Building For Rent

      53,520 RSF flex building in the Chagrin Corridor.
      23400-23440 Commerce Park Rd, Beachwood, OH 44122
      View Details
    • $22 SF/Yr
      29,484 SF

      Chagrin Highlands Office Suites

      Prestigious Beachwood office space. Flexible options available.
      2000 Auburn Dr 1 Chagrin Highlands, Beachwood, OH 44122
      View Details
    • $26 SF/Yr
      54,947 SF

      Parkway Medical Office Sublease

      2,214 SF Medical Office Space Available
      3609 Park Dr, Beachwood, OH 44122
      View Details
    • $16 SF/Yr
      12,042 SF

      Beachwood Medical Office Space

      Prime Medical Office, 5,000 SF Available
      23600 Commerce Park Rd, Beachwood, OH 44122
      View Details
    • Contact for pricing
      28,074 SF

      Enterprise Place: Beachwood Office Space

      Class A Office Suites, Fully Renovated
      3401 Enterprise Pkwy, Beachwood, OH 44122
      View Details
    • Contact for pricing
      33,800 SF

      Beachwood Retail Center: Prime Location

      Two-building retail center, ample parking.
      25855 Chagrin Blvd, Beachwood, OH 44122
      View Details
    • $25 SF/Yr
      88,193 SF

      Parkway Medical Center: Medical Office Suites

      Beachwood medical office space, abundant parking.
      3609 Park East Dr, Beachwood, OH 44122
      View Details
    • $22 SF/Yr
      3,610 SF

      Contemporary Office Building For Rent

      Upscale office building with easy access to I-271.
      3401 Enterprise Pkwy, Beachwood, OH
      View Details
    • $22 SF/Yr
      79,380 SF

      Beachwood Executive Office Space

      Class A Office Suites Available Now
      25201 Chagrin Blvd, Beachwood, OH 44122
      View Details
    • $9 SF/Yr
      2,148 SF

      Modern Office Space in Beachwood

      Contemporary office space with versatile floor plans and ample parking.
      23293 Commerce Park Rd, Beachwood, OH
      View Details

    FAQs

    What type of property is this?
    Office space - Distinguished property in Beachwood's thriving Commerce Park, ideal for businesses.
    Where is this office space located?
    The property is located at 23293 Commerce Park Rd Beachwood, OH.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Beachwood's thriving Commerce Park with easy access to major highways and downtown Cleveland.; - Ample parking for tenants and visitors.; - 24/7 building access for tenant convenience.
    (216) 470-7555
    Request Owner's contact information
    23293 Commerce Park Rd Beachwood, OH 44122
    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.
    23293 Commerce Park Rd
    Beachwood, OH 44122
    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
    23293 Commerce Park Rd Beachwood, OH 44122
    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

    We can help!
    Listing Contact
    Abram Schwarz, Sior
    (216) 470-7555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.