Built-Out Office
28899 Center Ridge Rd Westlake, OH 44145
28899 Center Ridge Rd, Westlake, OH, 44145
$425,000
For Sale
$425,000
Office suite offers a reception, multiple offices, and a built-out lower level with lounge and additional workrooms.
Property Size2,620 SF
Price / SF$162.21
Days on Market37
Property Features for 28899 Center Ridge Rd
General Information
- Standard status
- Active
- Size
- 2,620 SF
- Property subtype
- office
Listing agency
Cleveland
(216) 912-4508
Listed by
Amy Bradford
(216) 912-4508
Source
Property.jll
Added: Jun 16 Updated: Jul 21 at 11:17PM Checked: Jul 21 at 11:17PM
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 Cleveland
Investment Insights
Based on property information with market context.
Now available for sale, this office suite is part of the Westlake Professional Campus and includes a built-out interior across two levels. The first floor features a reception area, kitchenette, four offices, and a restroom. The lower level includes a kitchen, lounge, two offices, and storage.
The property was built in 1996 and includes ample parking for visitors and staff. Additional details are available upon request.
The property was built in 1996 and includes ample parking for visitors and staff. Additional details are available upon request.
Key Highlights
- 2,620 SF office at Westlake Professional Campus, 28899 Center Ridge Rd
- Built‑out lower level includes kitchen, lounge, 2 offices, and storage
- First floor features reception, kitchenette, 4 offices, and a restroom
Local 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 | $49.7k | $18.96 |
| − Vacancy | −$12.2k | −$4.65 |
| EGI | $37.5k | $14.31 |
| − OpEx | −$9.4k | −$3.58 |
| NOI | $28.1k | $10.74 |
2,620 SF · lease $18.96/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$401.8K
$351.6K – $468.8K
NOI $28,129 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $146,948 @ 7.0% cap · market cap 34.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office suite offers a reception, multiple offices, and a built-out lower level with lounge and additional workrooms.
Where is this office building located?
The property is located at 28899 Center Ridge Rd Westlake, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,620 SF office at Westlake Professional Campus, 28899 Center Ridge Rd; Built‑out lower level includes kitchen, lounge, 2 offices, and storage; First floor features reception, kitchenette, 4 offices, and a restroom
