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

    29001 Cedar Rd Lyndhurst, OH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prominent medical/office building with access to I-271.

    Property size:
    1,207 SF
    Lot size:
    4.53 Acres

    Property Features for 29001 Cedar Rd

    General Information

    Size
    1,207 SF
    Lot size
    4.53 Acres

    We can help!

    Listing Contact
    Dan Mayer
    Source: Moodyscre

    Listing Agent: Dan Mayer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical/Office Space Near I-271

    Brainard Place is a medical and office building that serves the eastside suburbs of greater Cleveland. The property is positioned on the corner of Cedar Road and Brainard Road, with immediate access to I-271. It provides tenants and healthcare providers access to patient populations totaling 248,035 people within a 15-minute drive. The property offers 3,250 square feet of office and medical space for lease.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyndhurst
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.466
    Latitude
    41.5003

    Nearby Similar for Lease

    • Contact for pricing
      3,430 SF

      Retail Space on Mayfield Road

      Retail space available in high-traffic Lyndhurst location.
      5141 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing
      642 SF

      Office Suites Available for Lease

      Attractive office suites for smaller tenants with ample parking.
      5010 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing
      260 SF

      Flexible Office Suites For Rent

      Office suites available in Lyndhurst, Ohio, with ample parking.
      5001 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing
      1,540 SF

      Retail Space in Lyndhurst, Ohio

      Retail space available in a high-traffic shopping center.
      24545-24741 Cedar Rd, Lyndhurst, OH
      View Details
    • Contact for pricing
      2,718 SF

      Retail End-Cap on Mayfield Road

      2,718 SF retail space with frontage and signage.
      5437-5465 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing
      2,100 SF

      Retail Building with Ample Parking

      4,200 SF retail building with 30 parking spaces.
      5456 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing
      1,035 SF

      Recently Renovated Retail Space

      1,035 SF retail space available for lease on Mayfield Rd.
      5361 Mayfield Rd, Lyndhurst, OH
      View Details
    • $20 SF/Yr
      1,535 SF

      Mayfield Road Retail Space For Lease

      Lyndhurst, Ohio: 1,535 SF Retail Space
      5361 Mayfield Rd, Lyndhurst, OH 44124
      View Details
    • Contact for pricing
      5,240 SF

      Retail Space on Mayfield Road

      Retail space available in a newly remodeled building.
      5400-5404 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing
      3,876 SF

      Retail Space in Lyndhurst, OH

      Retail space available for lease in Lyndhurst, Ohio.
      5637 Brainard Rd, Lyndhurst, OH
      View Details
    • Contact for pricing
      2,935 SF

      Former Restaurant Space For Lease

      2,935 SF former restaurant space available for lease.
      5096 Mayfield Rd, Lyndhurst, OH
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prominent medical/office building with access to I-271.
    Where is this medical office space located?
    The property is located at 29001 Cedar Rd Lyndhurst, OH.
    What are key features of this property?
    This property features: - Preeminent medical and office building in Cleveland's eastside suburbs.; - Prominent corner location at Cedar Road and Brainard Road.; - Immediate access to I-271.
    (216) 363-6437 Call to check price and availability
    Request Owner's contact information
    29001 Cedar Rd Lyndhurst, OH
    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.
    29001 Cedar Rd
    Lyndhurst, OH
    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
    29001 Cedar Rd Lyndhurst, OH
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dan Mayer
    (216) 363-6437 (216) 687-1800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!