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Solon Office Building For Sale

30670 Bainbridge Rd Solon, OH 44139

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10,560 SF office building available in Solon, Ohio.

Type:Office
Property size:
10,560 SF
Price / SF:
$127/SF
Added:
Mar 27, 2023
Days on Market:
1204
Last Refresh:
May 12 at 10:59 pm

Property Features for 30670 Bainbridge Rd

General Information

Standard status
Active
Size
10,560 SF
Property subtype
Office

Building Details

Year Built
1987

Listing office Global Real Estate Advisors Inc

Listing date Mar 27, 2023

Source Crexi

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 Global Real Estate Advisors Inc


Investment Insights

Based on property information with market context.

This commercial real estate offering features an office building with a total size of 10,560 square feet. The property is located in Solon, Ohio.

Key Highlights

  • 10,560 SF office building
  • Located in Solon, Ohio
  • Built in 1987

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 $200.2k $18.96
− Vacancy −$49.1k −$4.65
EGI $151.2k $14.31
− OpEx −$37.8k −$3.58
NOI $113.4k $10.74
10,560 SF · lease $18.96/SF/yr · vacancy 24.50% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.62M
$1.42M – $1.89M (±1% cap)
NOI $113,373 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.46M
$7.40M – $9.87M (±1% cap)
NOI $592,279 @ 7.0% cap · market cap 43.87%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Dental Office Auto Repair Shop Auto Parts Store Hair Salon Restaurant Parking Lot & Garage Pharmacy Nail Salon Garden Center (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Office building - 10,560 SF office building available in Solon, Ohio.
Where is this office building located?
The property is located at 30670 Bainbridge Rd Solon, OH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 10,560 SF office building; Located in Solon, Ohio; Built in 1987
Contact an agent
(440) 255-5552 Call to check price and availability
More about this property
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