Bagley Road Commercial Redevelopment
18820 Bagley Road, Middleburg Heights, OH 44130
High-visibility commercial property with redevelopment potential in Middleburg Heights.
Type:Office, Retail
Property size:
8,453 SFLot size:
3.00 AcresPrice / SF:
$159/SF- Added:
- Jun 13, 2025
- Days on Market:
- 380
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 18820 Bagley Road
General Information
- Standard status
- Active
- Size
- 8,453 SF
- Lot size
- 3.00 Acres
- Property subtype
- Office, Retail
Listing office Keller Williams Elevate
Listing date Jun 13, 2025
Source Crexi
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 Keller Williams Elevate
HighLights
- High‑visibility frontage on a heavily traveled corridor with over 3 acres, offering prime commercial and redevelopment potential.
- Directly across from Southwest General Health Center, benefiting from strong healthcare‑driven traffic and visibility.
- Ability to tie driveway access into a signalized intersection, providing controlled ingress and egress.
- Substantial room for future expansion, additional buildings, or site reconfiguration.
- Existing building completely renovated between 2018–2020, offering modernized improvements.
- Strategic investment in a proven growth corridor surrounded by established medical, retail, and professional users.
Overview
This commercial property on Bagley Road in Middleburg Heights offers a redevelopment opportunity with over 3 acres of high-visibility frontage along a heavily traveled corridor. The site presents potential for owner-users, investors, or developers, with room for future expansion, additional buildings, or site reconfiguration. A key feature is the ability to tie driveway access into a signalized intersection, providing controlled ingress and egress, which is beneficial for medical, office, retail, or flex uses. The property is located directly across from Southwest General Health Center, benefiting from healthcare-driven traffic, visibility, and surrounding commercial activity. The existing 8,453-square-foot building was renovated between 2018 and 2020, allowing a new owner to capitalize on modernized improvements. Surrounded by established medical, retail, and professional users, this property represents a strategic investment in a growth corridor with access and visibility.
Local Financial Insights For Mixed Use
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 | $152.2k | $18.00 |
| − Vacancy | −$12.2k | −$1.44 |
| EGI | $140.0k | $16.56 |
| − OpEx | −$52.5k | −$6.21 |
| NOI | $87.5k | $10.35 |
8,453 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.25M
$1.09M – $1.46M
NOI $87,489 @ 7.0% cap · market cap 6.48%
Second Best
Office B
$1.19M
$1.04M – $1.39M
NOI $83,442 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,412 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Middleburg Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8335362
- Latitude
- 41.3726979
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - High-visibility commercial property with redevelopment potential in Middleburg Heights.
Where is this mixed-use property located?
The property is located at 18820 Bagley Road Middleburg Heights, OH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High‑visibility frontage on a heavily traveled corridor with over 3 acres, offering prime commercial and redevelopment potential.; Directly across from Southwest General Health Center, benefiting from strong healthcare‑driven traffic and visibility.; Ability to tie driveway access into a signalized intersection, providing controlled ingress and egress.
