Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    2237 Crocker Park Blvd Westlake, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office and medical suites for lease near Crocker Park.

    Type:OFFICE
    Property size:
    2,255 SF
    Lot size:
    3.92 Acres
    Added:
    Aug 3, 2023
    Days on Market:
    1002
    Last Refresh:
    Apr 5 at 9:38 pm

    Property Features for 2237 Crocker Park Blvd

    General Information

    Standard status
    Active
    Size
    2,255 SF
    Lot size
    3.92 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2237 Crocker Park Blvd Contact us

    We can help!

    Listing Contact
    Connor Redman
    Connor Redman

    Listing agent Connor Redman

    Listing office Cresco Real Estate | Cleveland

    Listing date Aug 3, 2023

    Source Moodyscre

    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 Cresco Real Estate | Cleveland

    Overview

    Office and Medical Suites Available

    Medical and office suites are available for lease, offering building and monument signage opportunities. The location provides access to dining, shopping, and living options at Crocker Park. Excellent highway access is available. The property is located steps from Shake Shack, Mission BBQ, Kitchen Social, Choolaah, and other establishments. The property benefits from local ownership and management.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westlake
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.9529
    Latitude
    41.4595

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Versatile Commercial Space in Westlake

      Flexible retail, office, and warehouse space with high visibility.
      26949 Center Ridge Road, Westlake, OH 44145
      View Details
    • Sponsored
      Contact for pricing

      Crocker Park

      159 Crocker Park Blvd, Unit 4TH, Westlake, OH 44145
      View Details
    • $18 SF/Yr

      Westlake Office Space Available

      6,200 SF office space for lease in Westlake, Ohio.
      24610 Detroit Road, Westlake, OH, 44145
      View Details
    • Contact for pricing

      Westlake Office Space for Lease

      Office suites available in Westlake, Ohio, with newly renovated common areas.
      24700 Center Ridge Road, Westlake, OH, 44145
      View Details
    • $900/Mo

      Westlake Office and Retail Space

      Office and retail spaces available near I-90 and Crocker Park.
      24441-24481 Detroit Rd, Westlake, OH
      View Details
    • $15 SF/Yr

      Westlake Office Space For Lease

      Office space available for lease in Westlake, Ohio.
      27881 Clemens Rd, Westlake, OH
      View Details
    • $20 SF/Yr

      Westlake Office Space For Rent

      Office spaces available in Westlake, from 641 to 6,324 RSF.
      30400 Detroit Road, Westlake, OH, 44145
      View Details
    • Contact for pricing

      Retail Opportunity in High-Traffic Area

      Retail space suitable for brewery in affluent Westlake neighborhood.
      677 Dover Center Road, Westlake, OH, 44145
      View Details
    • $19 SF/Yr

      Westlake Office Space Available

      Office space available for lease in Westlake, Ohio.
      29101 Health Campus Dr., Westlake, OH, 44145
      View Details
    • Contact for pricing

      Westlake Office Space Available

      Office space available for lease in Westlake, Ohio.
      27881 Clemens Rd, Westlake, OH 44145
      View Details
    • $17 SF/Yr

      Westlake Office Building with Restaurant

      Three-story office building with attached restaurant and banquet center.
      25651 Detroit Rd, Westlake, OH
      View Details
    • $16 SF/Yr

      Westlake Office/Medical Space For Lease

      Single-story 1,689 SF suite ideal for office or medical use.
      815 Crocker Rd, Westlake, OH
      View Details

    FAQs

    What type of property is this?
    Office units - Office and medical suites for lease near Crocker Park.
    Where is this office units located?
    The property is located at 2237 Crocker Park Blvd Westlake, OH.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Crocker Park location with dining, shopping, and living amenities; Excellent highway access; Medical and office suites available
    (216) 520-1200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Connor Redman
    Connor Redman
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!