Commercial Land With Existing
For Sale
$1,325,000
18820 Bagley Rd, Middleburg Heights, OH 44130
Redevelopment site with a renovated building, signalized access potential, and established medical surroundings.
Property Size8,453 SF
Price / SF$156.75
Days on Market81
Property Features for 18820 Bagley Rd
General Information
Standard status
Active
Size
8,453 SF
Building Details
Year Built
1985
Listing Agency:
Keller Williams Elevate
Listed By:
Christopher Moscarino · License #2017000395
(440) 227-2615
Source:
Theacclaimedrealty
Added: Jul 27
Changed: Oct 6
Last Checked: Oct 7 at 5:15PM
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
Investment Insights
Based on property information with market context.
This commercial land parcel includes an 8,453-square-foot building positioned near the front of the site, with more than 3 acres overall. The property offers room for expansion, additional construction, or a broader site reconfiguration. The existing improvements were renovated between 2018 and 2020 and are occupied by three tenants, whose leases roll over in the coming months.
Located on Bagley Road in Middleburg Heights, the property is directly across from Southwest General Health Center and near established medical, retail, and professional users. Driveway access can connect to a signalized intersection, supporting controlled ingress and egress. I-71, I-480, the Ohio Turnpike, and Cleveland Hopkins International Airport are minutes away, with the airport approximately five minutes from the site.
Located on Bagley Road in Middleburg Heights, the property is directly across from Southwest General Health Center and near established medical, retail, and professional users. Driveway access can connect to a signalized intersection, supporting controlled ingress and egress. I-71, I-480, the Ohio Turnpike, and Cleveland Hopkins International Airport are minutes away, with the airport approximately five minutes from the site.
Key Highlights
- More than 3 acres with an 8,453‑square‑foot building at the front of the parcel
- Building renovations completed between 2018 and 2020
- Three existing tenants with leases rolling over in the coming months
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,442
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,840
$1.7M
Cap Rate 7%
$1,192,029
$1.2M
Cap Rate 9%
$927,133
$927.1K
Market Conditions
NOI Build-Up for 8,453 SF
Gross rent
$145.1K $17.16/SF
− Vacancy
−$33.8K −$4.00/SF
EGI
$111.3K $13.16/SF
− OpEx
−$27.8K −$3.29/SF
NOI
$83.4K $9.87/SF
Area
ZIP 44130
Vacancy
23.30%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,840
Cap Rate 7%
$1,192,029
Cap Rate 9%
$927,133
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,442 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,412 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
Explore this area
Business Placement
Demographics for 44130, OH
50,825
Population
23,819
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
92%
High-School Grad
17.1 sq mi
ZIP Area
2,972
Density / Sq Mi
$68,099
Median Household Income
$43,474
Median Earnings
$1,045
Median Rent
$184,900
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment site with a renovated building, signalized access potential, and established medical surroundings.
Where is this commercial land located?
The property is located at 18820 Bagley Rd Middleburg Heights, OH.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: More than 3 acres with an 8,453‑square‑foot building at the front of the parcel; Building renovations completed between 2018 and 2020; Three existing tenants with leases rolling over in the coming months
