Office Building with Ample
For Sale
Contact for pricing
18400 Pearl Rd, Strongsville, OH 44149
Modern office interior with ample parking and high visibility supported by a 9,340 daily traffic count.
Property Size9,460 SF
Price / SF$132.14
Days on Market855
Property Features for 18400 Pearl Rd
General Information
Standard status
Active
Size
9,460 SF
Property subtype
OFFICE
Site & Location
Traffic Count
9,340 vehicles/day
Highway Access
Yes
Listing Agency:
SVN Summit Commercial Real Estate Advisors
(330) 416-0501
Listed By:
Jerry Fiume, SIOR, CCIM · License #BRK.2016004253
(330) 416-0501
Source:
Moodyscre
Added: Mar 28, 2024
Changed: Jul 28
Last Checked: Jul 29 at 3:58PM
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 SVN Summit Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This modern, well-maintained office building offers a professional interior designed for day-to-day business use. The property includes ample parking to support both employees and visitors, and it benefits from high visibility with an estimated 9,340 daily traffic count.
Convenient access to major highways and thoroughfares helps connect the building to surrounding markets and local services.
With its existing layout and practical site improvements, the building also presents opportunities for customization or expansion depending on the next owner’s goals.
Convenient access to major highways and thoroughfares helps connect the building to surrounding markets and local services.
With its existing layout and practical site improvements, the building also presents opportunities for customization or expansion depending on the next owner’s goals.
Key Highlights
- Modern, well‑maintained office interior
- High visibility with a 9,340 daily traffic count
- Ample parking for employees and visitors
Financial Insights For Office B
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 | $179.4k | $18.96 |
| − Vacancy | −$43.9k | −$4.65 |
| EGI | $135.4k | $14.31 |
| − OpEx | −$33.9k | −$3.58 |
| NOI | $101.6k | $10.74 |
9,460 SF · lease $18.96/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,564 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.58M
$6.63M – $8.84M
NOI $530,583 @ 7.0% cap · market cap 42.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9,340 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 44149, OH
20,678
Population
8,632
Households
2.4
Avg Household Size
47
Median Age
50%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$114,107
Median Household Income
$66,408
Median Earnings
$969
Median Rent
$289,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modern office interior with ample parking and high visibility supported by a 9,340 daily traffic count.
Where is this office building located?
The property is located at 18400 Pearl Rd Strongsville, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Modern, well‑maintained office interior; High visibility with a 9,340 daily traffic count; Ample parking for employees and visitors
