Add Listing
    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

    4125 Highlander Pkwy Richfield, OH 44286

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr

    Strategically located office building with easy highway access.

    Property size:
    42,021 SF
    Lot size:
    42,021 SF

    Property Features for 4125 Highlander Pkwy

    General Information

    Standard status
    Active
    Size
    42,021 SF

    We can help!

    Listing Contact
    Katie Thome
    Source: Cbre

    Listing Agency: CBRE | Cleveland Listing Agent: Katie Thome

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

    Learn more

    Overview

    Richfield Office Space For Lease

    Located off SR 21 (Brecksville Road), this office building provides convenient access to I-77, I-271, and I-80, positioning it centrally between Akron and Cleveland in Northeast Ohio. Constructed in 2002, the building features high ceilings, bands of windows, and views. Available suites range from 3,000 RSF up to a full floor plate of 25,210 RSF on the fourth floor. The property is professionally managed and meticulously maintained. Building amenities include a common area breakroom on the lower level with outdoor access, a 32-seat auditorium equipped with WiFi and AV equipment, a locker room with a shower, and a building loading dock. The lease rate is $19.95 per square foot, plus utilities, which includes in-suite cleaning. The property contains 42,021 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical Mutual of Ohio Insurance Agency Taylor Marketing & Advertising Cisco Systems (Bike/Boat/Book/etc) Store Kings Medical Group ... Medical Clinic GPI/Greenman-Pedersen, Inc. Engineering Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Summit
    State
    Ohio
    Longitude
    -81.6415404
    Latitude
    41.2203298

    Nearby Similar for Lease

    • $1,650 /Mo
      442,570 SF

      Richfield Office Space For Rent

      Premier 1,800 sq. ft. office space in Richfield, OH.
      3600 Brecksville Rd, Richfield, OH 44286
      View Details
    • New
      Contact for pricing
      18,810 SF

      Richfield Warehouse with Easy Access

      Warehouse centrally located with easy highway access and storage space.
      2636 Brecksville Rd, Richfield, OH 44286
      View Details
    • Contact for pricing
      66,750 SF

      Industrial Facility in Richfield, Ohio

      66,750 SF industrial facility suitable for warehousing or manufacturing.
      4100 Congress Pkwy, Richfield, OH 44286
      View Details
    • $12 SF/Yr
      60,000 SF

      Stonegate Business Center I Office Space

      Prime Richfield Office, 19,527 SF Available
      4180 Highlander Pkwy, Richfield, OH 44286
      View Details
    • $6 SF/Yr
      12,025 SF

      Richfield Office/Flex Space Available

      Prime Brecksville Rd location, flexible suites.
      5145 Brecksville Rd, Richfield, OH 44286
      View Details
    • $10 SF/Yr
      4,184 SF

      Brecksville Rd Flex Space Available

      4,184 SF Flex Office/Warehouse Space
      5145 Brecksville Rd, Richfield, OH 44286
      View Details
    • $17 SF/Yr
      50,000 SF

      Richfield Office Space Available

      Modern Office Suites, 1,518-6,833 SF
      4199 Kinross Lakes Pkwy, Richfield, OH 44286
      View Details
    • Contact for pricing
      18,500 SF

      New Maintenance Facility with Drive-Through

      Newly constructed maintenance facility with ten drive-through bays for lease.
      4180 Congress Pkwy, Richfield, OH 44286
      View Details
    • Contact for pricing
      9,254 SF

      Richfield Office & Retail Space

      Prime OH location, 9,254 sq ft available
      4125 Highlander Pkwy, Richfield, OH 44286
      View Details
    • Contact for pricing
      12,024 SF

      Flex Building Near I-77/I-271

      Flex building with easy highway access and park setting.
      4160 Highlander Pkwy, Richfield, OH 44286
      View Details

    FAQs

    What type of property is this?
    Office building - Strategically located office building with easy highway access.
    Where is this office building located?
    The property is located at 4125 Highlander Pkwy Richfield, OH.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Strategic location with easy access to I-77, I-271, and I-80, centrally located between Akron and Cleveland.; - Professionally managed and meticulously maintained by CAM Inc.; - Suites available from 3,000 RSF up to a full floor plate of 25,210 RSF.
    (330) 670-4411
    Request Owner's contact information
    4125 Highlander Pkwy Richfield, OH 44286
    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.
    4125 Highlander Pkwy
    Richfield, OH 44286
    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
    4125 Highlander Pkwy Richfield, OH 44286
    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
    Katie Thome
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!