Office Unit with Private
For Sale
Contact for pricing
200-285 Park Pl, Chagrin Falls, OH 44022
Flexible commercial suite with dedicated entry, on-site parking, built-in cabinetry, and a separate storage room.
Property Size600 SF
Price / SF$141.67
Days on Market146
Property Features for 200-285 Park Pl
General Information
Standard status
Active
Size
600 SF
Property subtype
OFFICE
Amenities
private entrance
separate storage room
Listing Agency:
LPT Realty
Listed By:
Mike Ferrante · License #2008004067
(216) 373-7727
Source:
Moodyscre
Added: May 23
Changed: Oct 9
Last Checked: Oct 15 at 2:15AM
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 LPT Realty
Investment Insights
Based on property information with market context.
This approximately 600-square-foot office unit is located at 200-285 Park Pl in Chagrin Falls. The suite includes a private entrance, built-in cabinets and counter space, and a separate storage room. Its configuration supports office use and other small-business operations.
The property sits just east of Downtown Chagrin Falls and includes on-site parking. The combination of dedicated access, workspace, storage, and existing cabinetry provides a practical setup for a compact commercial occupant.
The property sits just east of Downtown Chagrin Falls and includes on-site parking. The combination of dedicated access, workspace, storage, and existing cabinetry provides a practical setup for a compact commercial occupant.
Key Highlights
- Approximately 600 square feet of office space
- Private entrance for direct suite access
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,356
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,120
$147.1K
Cap Rate 7%
$105,086
$105.1K
Cap Rate 9%
$81,733
$81.7K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$12.9K $21.48/SF
− Vacancy
−$3.1K −$5.13/SF
EGI
$9.8K $16.35/SF
− OpEx
−$2.5K −$4.09/SF
NOI
$7.4K $12.26/SF
Area
Geauga County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,120
Cap Rate 7%
$105,086
Cap Rate 9%
$81,733
Alternative Uses
Best Use
Office B
$105.1K
$92.0K – $122.6K
NOI $7,356 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$120.9K
$105.8K – $141.0K
NOI $8,460 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 44022, OH
17,150
Population
7,228
Households
2.4
Avg Household Size
48
Median Age
73%
College-Educated
99%
High-School Grad
30.2 sq mi
ZIP Area
568
Density / Sq Mi
$152,213
Median Household Income
$72,935
Median Earnings
$1,446
Median Rent
$469,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Office units - Flexible commercial suite with dedicated entry, on-site parking, built-in cabinetry, and a separate storage room.
Where is this office units located?
The property is located at 200-285 Park Pl Chagrin Falls, OH.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Approximately 600 square feet of office space; Private entrance for direct suite access; On‑site parking included
