Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Office Space Available Title is generated by Realmo AI

    23600 Commerce Park Road, Beachwood, OH 44122

    View on Map
    Claim this Listing
    For Lease
    $16 SF/Yr $16,350/Mo (calc)

    Turnkey office spaces totaling 12,263 SF available for lease.

    Type:Office
    Property size:
    12,263 SF
    Added:
    Nov 22, 2025
    Days on Market:
    190
    Last Refresh:
    May 19 at 8:36 pm

    Property Features for 23600 Commerce Park Road

    General Information

    Standard status
    Active
    Size
    12,263 SF
    Property subtype
    Office

    Spaces For Lease

    at 23600 Commerce Park Road Contact us

    We can help!

    Listing Contact
    Daniel Mayer

    Listing agent Daniel Mayer License #SAL.2011002676

    Listing office CBRE - Cleveland

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE - Cleveland

    HighLights

    • Turnkey office spaces totaling 12,263 SF available
    • Highly accessible location — less than a mile (3 minutes) from I‑271
    • Medical co‑tenancy
    • Multiple medical centers nearby
    • Near UH Beachwood Medical Center
    • Near UH Ahuja Medical Center

    Overview

    Available for lease are turnkey office spaces totaling 12,263 square feet. The property benefits from a highly accessible location, situated less than a mile (3 minutes) from I-271. It features medical co-tenancy and is near multiple medical centers, including UH Beachwood Medical Center and UH Ahuja Medical Center, along with numerous other healthcare practices.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Beachwood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5121
    Latitude
    41.4698

    Nearby Similar for Lease

    • Sponsored
      $129-$4,321/Mo
      11-1,292 SF

      Chagrin Highlands

      2000 Auburn Dr 1 Chagrin Highlands, Unit 200, Beachwood, OH 44122
      View Details
    • $22 SF/Yr
      14,762 SF

      Enterprise Parkway Office Space Available

      Move-in ready office space in Beachwood, near I-271.
      3300 Enterprise Parkway, Beachwood, OH, 44122
      View Details
    • $675/Mo
      25,282 SF

      Beachwood Office Building For Sale

      Modern office building in Beachwood with high occupancy.
      24300 Chagrin Blvd, Beachwood, OH
      View Details
    • $16 SF/Yr
      4,300 SF

      Modern Office Building For Rent

      Three-story office building with updated common areas and parking.
      24100 Chagrin Boulevard, Beachwood, OH, 44122
      View Details
    • $26 SF/Yr
      21,579 SF

      Class A Office Building ForRent

      State-of-the-art Class A office building in Beachwood, Ohio.
      3333 Richmond Road, Beachwood, OH, 44122
      View Details
    • $12 SF/Yr

      Office and Warehouse Building For Rent

      Multi-occupant office and warehouse building with flexible use suites.
      23500 Mercantile Rd., Beachwood, OH 44122
      View Details
    • $22 SF/Yr
      3,610 SF

      Contemporary Office Building For Rent

      Upscale office building with easy access to I-271.
      3401 Enterprise Pkwy, Beachwood, OH
      View Details
    • $27 SF/Yr
      1,774 SF

      Class A Office Space Available

      Class A office space with prime location and access.
      2000 Auburn Dr, Beachwood, OH
      View Details
    • $19 SF/Yr
      3,043 SF

      Beachwood Office or Medical Space

      Office or medical space available for lease in Beachwood.
      23875 Commerce Park, Beachwood, OH
      View Details
    • $11 SF/Yr
      3,200 SF

      Flex Space in Commerce Park

      Flex space available for lease in Beachwood's Mercantile Park.
      23632 Mercantile Rd. | Beachwood, OH 44122, OH 44122
      View Details
    • $14 SF/Yr
      12,000 SF

      Office Building on Chagrin Boulevard

      Office space for rent near restaurants and shopping.
      23980 N. Chagrin Blvd. | Beachwood, OH 44122, OH 44122
      View Details
    • $22 SF/Yr

      Office Space Available For Rent

      Office property available for lease.
      25550 Chagrin Boulevard, Beachwood, OH 44122
      View Details

    FAQs

    What type of property is this?
    Office units - Turnkey office spaces totaling 12,263 SF available for lease.
    Where is this office units located?
    The property is located at 23600 Commerce Park Road Beachwood, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Turnkey office spaces totaling 12,263 SF available; Highly accessible location — less than a mile (3 minutes) from I‑271; Medical co‑tenancy
    (216) 363-6437
    We can help!
    Listing Contact
    Daniel Mayer
    Real Estate License ID: SAL.2011002676
    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

    Thank You for Inquiry
    23600 Commerce Park Road, Beachwood, OH, 44122
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!