Renovated Furnished Office
For Sale
Contact for pricing
27999 Clemens Rd, Westlake, OH 44145
Updated interiors, a 2024 roof, and flexible subdivision support immediate occupancy or tailored office layouts.
Property Size11,520 SF
Price / SF$143.23
Days on Market618
Property Features for 27999 Clemens Rd
General Information
Standard status
Active
Size
11,520 SF
Property subtype
OFFICE
Additional Details
Furnished
Yes
Building Details
Year Renovated
2024
Buildings
1
Listing Agency:
Avison Young | Cleveland
(216) 609-0303
Listed By:
Don Lydon
(216) 272-1313
Source:
Moodyscre
Added: Feb 4, 2025
Changed: Oct 15
Last Checked: Oct 15 at 1:27AM
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 Avison Young | Cleveland
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Investment Insights
Based on property information with market context.
This 11,520-square-foot office building at 27999 Clemens Rd in Westlake, OH, offers a furnished workspace with improvements suited to continued occupancy. Interior renovations were completed in 2018, and the roof was replaced in 2024.
The property is delivered with furniture in place and can be subdivided to accommodate separate office areas. Additional utility services support the subdivision plan, providing flexibility for configuring the building into distinct spaces. The combination of recent building improvements, existing furnishings, and adaptable layout gives users a functional office setting without requiring an unfurnished starting point.
The property is delivered with furniture in place and can be subdivided to accommodate separate office areas. Additional utility services support the subdivision plan, providing flexibility for configuring the building into distinct spaces. The combination of recent building improvements, existing furnishings, and adaptable layout gives users a functional office setting without requiring an unfurnished starting point.
Key Highlights
- 11,520‑square‑foot office building at 27999 Clemens Rd, Westlake, OH 44145
- Interior renovations completed in 2018
- New roof completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,680
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,473,600
$2.5M
Cap Rate 7%
$1,766,857
$1.8M
Cap Rate 9%
$1,374,222
$1.4M
Market Conditions
NOI Build-Up for 11,520 SF
Gross rent
$218.4K $18.96/SF
− Vacancy
−$53.5K −$4.65/SF
EGI
$164.9K $14.31/SF
− OpEx
−$41.2K −$3.58/SF
NOI
$123.7K $10.74/SF
Area
Cuyahoga County, OH
Vacancy
24.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,473,600
Cap Rate 7%
$1,766,857
Cap Rate 9%
$1,374,222
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.06M
NOI $123,680 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.23M
$8.08M – $10.77M
NOI $646,123 @ 7.0% cap · market cap 39.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 44145, OH
34,228
Population
15,781
Households
2.2
Avg Household Size
47
Median Age
58%
College-Educated
96%
High-School Grad
15.9 sq mi
ZIP Area
2,153
Density / Sq Mi
$110,101
Median Household Income
$63,385
Median Earnings
$1,480
Median Rent
$336,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Updated interiors, a 2024 roof, and flexible subdivision support immediate occupancy or tailored office layouts.
Where is this office building located?
The property is located at 27999 Clemens Rd Westlake, OH.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 11,520‑square‑foot office building at 27999 Clemens Rd, Westlake, OH 44145; Interior renovations completed in 2018; New roof completed in 2024
