Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space with Sprague Road Signage Title is generated by Realmo AI

    16560-16570 Commerce Ct, Middleburg Heights, OH

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Versatile office space with ample parking and easy highway access.

    Type:OFFICE
    Property size:
    3,600 SF
    Lot size:
    1.63 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    187
    Last Refresh:
    May 19 at 9:24 pm

    Property Features for 16560-16570 Commerce Ct

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Lot size
    1.63 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 16560-16570 Commerce Ct Contact us

    We can help!

    Listing Contact
    Troy Gerspacher, CCIM, SIOR

    Listing agent Troy Gerspacher, CCIM, SIOR

    Listing office Gerspacher Real Estate Group

    Listing date Nov 25, 2025

    Source Moodyscre

    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 Gerspacher Real Estate Group

    HighLights

    • Easy access off Sprague Road and close to I‑71
    • Ample surface parking
    • Great signage on Sprague Road
    • Versatile space with private offices and open bullpen
    • Can be converted into Medical or easily split to 1,800 SF
    • Restaurants and retail nearby

    Overview

    This 3,600 square foot office space offers a versatile layout that includes private offices and an open bullpen area. The property features ample surface parking and benefits from prominent signage opportunities on Sprague Road. The space is designed to be easily divisible into 1,800 square foot units. The property is located in a beautifully landscaped campus setting and is locally owned and managed. Its location provides convenient access to I-71, with restaurants and retail options nearby. The space is suitable for conversion into medical offices.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middleburg Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8144051
    Latitude
    41.3515147

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      OH, Middleburg Heights - Engle Rd

      7055 Engle Rd, Unit BLDG 6 -601, Middleburg Heights, OH 44130
      View Details
    • $21 SF/Yr
      2,860 SF

      Medical Office Campus Near Hospital

      Two-building medical office campus across from Southwest General Health Center.
      18660 Bagley Road, Middleburg Heights, OH, 44130
      View Details
    • $2,000/Mo

      Office Space Near Airport

      Office space for rent with great airport access.
      7515 Pearl Road, Middleburg Heights, OH 44130
      View Details
    • $6,868/Mo
      14,456 SF

      Office Space with Ample Parking

      Flexible office spaces with on-site management and ample parking.
      6745 Engle Road, Middleburg Heights, OH, 44130
      View Details
    • $1,000/Mo
      2,000 SF

      Flexible Office/Warehouse Space Available

      Adaptable office and warehouse spaces near Cleveland Hopkins Airport.
      6751 Engle Rd, Middleburg Heights, OH
      View Details
    • $4,015/Mo
      3,011 SF

      Adaptable Office/Warehouse Space Available

      Flexible office and warehouse space near Cleveland Hopkins Airport.
      6755 Engle Rd, Middleburg Heights, OH
      View Details
    • $29 SF/Yr
      15,537 SF

      Medical Office Space Available

      Class A medical office building near Southwest General Health Center.
      18780 Bagley Road, Middleburg Heights, OH, 44130
      View Details
    • $16 SF/Yr
      9,536 SF

      Versatile Office and Warehouse Space

      Adaptable office and warehouse spaces near Cleveland Hopkins Airport.
      6745 Engle Rd, Middleburg Heights, OH
      View Details
    • $6 SF/Yr
      27,573 SF

      Industrial Space Near Airport

      Available industrial space near Cleveland Hopkins International Airport.
      19695 Commerce Parkway, Middleburg Heights, OH, 44130
      View Details
    • Contact for pricing
      10,300 SF

      High-Traffic Retail Space Available

      10,300 SF retail space at Pearl/Bagley intersection.
      7259 Pearl Road, Middleburg Heights, OH, 44130
      View Details
    • $16 SF/Yr
      1,000 SF

      Move-in Ready Office Suite

      1,000 SF office suite available for rent.
      7368 Engle Rd, Middleburg Heights, OH
      View Details
    • $6 SF/Yr
      27,753 SF

      Warehouse Space Near Airport

      Warehouse space available for lease near Cleveland Hopkins Airport.
      19695 Commerce, Middleburg Heights, OH
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile office space with ample parking and easy highway access.
    Where is this office units located?
    The property is located at 16560-16570 Commerce Ct Middleburg Heights, OH.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Easy access off Sprague Road and close to I‑71; Ample surface parking; Great signage on Sprague Road
    (216) 470-4545 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Troy Gerspacher, CCIM, SIOR
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    16560-16570 Commerce Ct, Middleburg Heights, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!