Renovated Office Building with Expansion
For Sale
$1,250,000
18820 Bagley Road, Middleburg Heights, OH 44130
CommercialSale, Middleburg Heights, OH
Property Size8,453 SF
Lot Size3.15 Acres
Price / SF$147.88
Days on Market262
Property Features for 18820 Bagley Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
52
Elementary school district
Berea CSD - 1804
Middle school district
Berea CSD - 1804
High school district
Berea CSD - 1804
Directions
Balgey Rd to Dolce building
Standard status
Active
APN
371-09-001
Lot size
3.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
14 W OF CL HEPBURN
Tax Annual Amount
20451
Legal Description
14 W OF CL HEPBURN
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Number of units
3
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Elevate · Keller Williams Realty
(440) 572-1200
Listed By:
Christopher Moscarino · License #2017000395
(440) 227-2615
Added: Feb 6
Changed: Oct 20
Last Checked: Oct 26 at 9:06PM
MLS# 5185508
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office property includes a building renovated between 2018 and 2020 on a 3.15-acre parcel. The site retains substantial land behind the existing improvements for expansion, additional buildings, or a broader reconfiguration. Forced-air heating, central air, public water, public sewer, and an asphalt and fiberglass roof are in place.
Driveway access can be connected to a signalized intersection on Bagley Road. The property is directly across from Southwest General Health Center and near established medical, retail, and professional users. Regional access includes I-71, I-480, the Ohio Turnpike, and Cleveland Hopkins International Airport, which is five minutes away.
Three tenants currently occupy the building, with leases rolling over in the coming months. That arrangement provides flexibility for continued occupancy, expansion, or future re-leasing.
Driveway access can be connected to a signalized intersection on Bagley Road. The property is directly across from Southwest General Health Center and near established medical, retail, and professional users. Regional access includes I-71, I-480, the Ohio Turnpike, and Cleveland Hopkins International Airport, which is five minutes away.
Three tenants currently occupy the building, with leases rolling over in the coming months. That arrangement provides flexibility for continued occupancy, expansion, or future re-leasing.
Key Highlights
- 3.15‑acre office property with room for expansion, additional buildings, or site reconfiguration
- Existing office building renovated between 2018 and 2020
- Three tenants in place with leases rolling over in the coming months
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,442
Cap Rate
6.68%
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 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,412 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Three existing tenants and potential signalized-intersection access support flexible occupancy planning.
Where is this office building located?
The property is located at 18820 Bagley Road Middleburg Heights, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3.15‑acre office property with room for expansion, additional buildings, or site reconfiguration; Existing office building renovated between 2018 and 2020; Three tenants in place with leases rolling over in the coming months
