Net Leased Medical and
1350 West Bagley Road Berea, OH 44017
1350 West Bagley Road, Berea, OH, 44017
$750,000
For Sale
$750,000
Fully occupied investment property with two net-leased tenants anchored by Southwest General Health Center.
Property Size3,000 SF
Price / SF$250
Days on Market67
Property Features for 1350 West Bagley Road
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Office
Listing agency
CBRE - Cleveland
(216) 363-6437
Listed by
Daniel Mayer · License #SAL.2011002676
(216) 363-6437
Source
Cbre
Added: May 16 Updated: Jul 20 at 7:45PM Checked: Jul 21 at 5:09AM
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 CBRE - Cleveland
Investment Insights
Based on property information with market context.
This fully occupied investment property combines medical and retail use under net lease structures, with two tenants in place. The anchor tenancy is Southwest General Health Center, complemented by LegoHeadz Barber Saloon.
The asset is described as an outparcel to Bagley Commons, with the property noted as adjacent to Burger King and Taco Bell. The surrounding area also includes Broad View Eye Center and Rise & Grind Cafe, along with additional dining and service establishments.
Both leases are subject to base rent increases over the term, creating an inflationary hedge for investors seeking managed, income-producing real estate.
The asset is described as an outparcel to Bagley Commons, with the property noted as adjacent to Burger King and Taco Bell. The surrounding area also includes Broad View Eye Center and Rise & Grind Cafe, along with additional dining and service establishments.
Both leases are subject to base rent increases over the term, creating an inflationary hedge for investors seeking managed, income-producing real estate.
Key Highlights
- Fully occupied medical and retail investment asset anchored by Southwest General Health Center
- Two net‑leased tenants: Southwest General Health Center and LegoHeadz Barber Saloon
- Both leases include base rent increases over the lease term
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $21.00 |
| − Vacancy | −$7.9k | −$2.63 |
| EGI | $55.1k | $18.38 |
| − OpEx | −$22.1k | −$7.35 |
| NOI | $33.1k | $11.03 |
3,000 SF · lease $21.00/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$472.5K
$413.4K – $551.3K
NOI $33,075 @ 7.0% cap · market cap 4.41%
Second Best
Specialty Retail
$468.8K
$410.2K – $547.0K
NOI $32,819 @ 7.0% cap · market cap 4.38%
Theoretical Best
Warehouse
$2.40M
$2.10M – $2.80M
NOI $168,261 @ 7.0% cap · market cap 22.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Southwest General Medical ...
Pediatrician
David C. Ludwig, ...
Pediatrician
Lucy K. O'Brien, ...
Pediatrician
Dr. Ladislav Fedorko, ...
Pediatrician
Dr. Valerie Powers, ...
Pediatrician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Fully occupied investment property with two net-leased tenants anchored by Southwest General Health Center.
Where is this medical center located?
The property is located at 1350 West Bagley Road Berea, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully occupied medical and retail investment asset anchored by Southwest General Health Center; Two net‑leased tenants: Southwest General Health Center and LegoHeadz Barber Saloon; Both leases include base rent increases over the lease term
