Renovated Office Building with Site
18820 Bagley Road Middleburg Heights, OH 44130
For Sale
$1,325,000
SINGLE_FAMILY - Middleburg Heights, OH
Property Size8,453 SF
Lot Size3.15 Acres
Price / SF$156.75
Days on Market172
Property Features for 18820 Bagley Road
General Information
Property type
Residential
Property subtype
Office
Parking
52
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
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
Fiberglass, Asphalt
Listing Agency:
Keller Williams Elevate
(440) 572-1200
Listed By:
Christopher Moscarino · License #2017000395
(440) 227-2615
Added: Feb 6
Changed: Jul 28
Last Checked: Jul 28 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This property includes an 8,453 square foot office building positioned at the front of the parcel, with substantial space behind it for future expansion, additional buildings, or a full site reconfiguration. The building was completely renovated between 2018 and 2020, providing a modernized interior for an owner-occupant or investor. The site also includes driveway access that can be tied into a signalized intersection, supporting controlled ingress and egress for a range of commercial uses.
Located at 18820 Bagley Road in Middleburg Heights, Ohio, the property offers over three acres of high-visibility frontage along a heavily traveled corridor. It sits directly across from Southwest General Health Center and is surrounded by established medical, retail, and professional users, supporting day-to-day activity in the area. The location also provides convenient regional access, with nearby connections to I-71, I-480, and the Ohio Turnpike, and it is approximately five minutes from Cleveland Hopkins International Airport.
For tenants, buyers, and operators, the combination of renovated office space and flexible site layout may fit medical, office, retail, or flex requirements, particularly where controlled vehicle access is important. The property currently produces income from three tenants, with leases rolling over in the coming months, which may allow a new owner to occupy, expand, or re-lease based on their timeline.
Located at 18820 Bagley Road in Middleburg Heights, Ohio, the property offers over three acres of high-visibility frontage along a heavily traveled corridor. It sits directly across from Southwest General Health Center and is surrounded by established medical, retail, and professional users, supporting day-to-day activity in the area. The location also provides convenient regional access, with nearby connections to I-71, I-480, and the Ohio Turnpike, and it is approximately five minutes from Cleveland Hopkins International Airport.
For tenants, buyers, and operators, the combination of renovated office space and flexible site layout may fit medical, office, retail, or flex requirements, particularly where controlled vehicle access is important. The property currently produces income from three tenants, with leases rolling over in the coming months, which may allow a new owner to occupy, expand, or re-lease based on their timeline.
Key Highlights
- 8,453 SF building on Bagley Road in Middleburg Heights on a parcel with over 3 acres
- Completely renovated between 2018 and 2020
- Income producing with three tenants in place; leases rolling over in the coming months
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 | $145.1k | $17.16 |
| − Vacancy | −$33.8k | −$4.00 |
| EGI | $111.3k | $13.16 |
| − OpEx | −$27.8k | −$3.29 |
| NOI | $83.4k | $9.87 |
8,453 SF · lease $17.16/SF/yr · vacancy 23.30% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Renovated 8,453 SF office building on Bagley Road with signalized intersection driveway access and room for additional development.
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 $1,325,000.
What are key features of this property?
This property features: 8,453 SF building on Bagley Road in Middleburg Heights on a parcel with over 3 acres; Completely renovated between 2018 and 2020; Income producing with three tenants in place; leases rolling over in the coming months
