Westlake Office Building For
For Sale
$20,000,000
2205-2237 Crocker Road, Westlake, OH 44145
Office building for sale in Westlake, Ohio.
Property Size99,178 SF
Days on Market162
Property Features for 2205-2237 Crocker Road
General Information
Standard status
Active
Size
99,178 SF
Class
Class A
Property subtype
10/6/2026
Building Details
Building Size
99,178 SF
Year Built
2026
Listed By:
Rico Pietro · License #OH BRK.2016000871
(216) 525-1473
Source:
Cushmanwakefield
Added: May 8
Changed: Oct 7
Last Checked: Oct 16 at 5:45AM
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 Rico Pietro
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Investment Insights
Based on property information with market context.
This commercial real estate property is an office building located in Westlake, Ohio. The property is intended for use as office space.
Key Highlights
- New construction office building (Year Built: 2026)
- For sale
- Located in Westlake, Ohio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,064,785
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,295,700
$21.3M
Cap Rate 7%
$15,211,214
$15.2M
Cap Rate 9%
$11,830,944
$11.8M
Market Conditions
NOI Build-Up for 99,178 SF
Gross rent
$1.88M $18.96/SF
− Vacancy
−$460.7K −$4.65/SF
EGI
$1.42M $14.31/SF
− OpEx
−$354.9K −$3.58/SF
NOI
$1.06M $10.74/SF
Area
Cuyahoga County, OH
Vacancy
24.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,295,700
Cap Rate 7%
$15,211,214
Cap Rate 9%
$11,830,944
Alternative Uses
Best Use
Office B
$15.21M
$13.31M – $17.75M
NOI $1,064,785 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$79.47M
$69.53M – $92.71M
NOI $5,562,601 @ 7.0% cap · market cap 27.81%
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
1,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 44145, OH
34,228
Population
15,781
Households
2.2
Avg Household Size
47
Median Age
58%
College-Educated
96%
High-School Grad
15.9 sq mi
ZIP Area
2,153
Density / Sq Mi
$110,101
Median Household Income
$63,385
Median Earnings
$1,480
Median Rent
$336,100
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
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale in Westlake, Ohio.
Where is this office building located?
The property is located at 2205-2237 Crocker Road Westlake, OH.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: New construction office building (Year Built: 2026); For sale; Located in Westlake, Ohio
