Renovated Medical Office
32875 Solon Road Solon, OH 44139
New
For Sale
$3,500,000
SINGLE_FAMILY - Solon, OH
Property Size13,480 SF
Lot Size1.18 Acres
Price / SF$259.64
Days on Market6
Property Features for 32875 Solon Road
General Information
Property type
Residential
Property subtype
Office
Parking
64
Standard status
Active
APN
952-18-007
Lot size
1.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
38455
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Listing Agency:
Century 21 Homestar
(440) 449-9100
Listed By:
Linas K Muliolis · License #2004001836
(216) 387-3204
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 29 at 3:06AM
MLS# 5231291
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Single-story Class B medical and professional office building renovated in 2010, built to support a range of clinical and office uses. The property includes an estimated 14 private offices in varying sizes, one large conference/training room, reception, central open workspace with multiple workstations, kitchen, copy room, and multiple storage rooms. Infrastructure includes 25 bath fixtures, package HVAC, and public utilities, and it also offers shell and structural capacity for potential future second-floor buildout.
The building sits on approximately 1.18 acres with 170 feet of frontage on Solon Rd and direct access to Solon Rd, Bainbridge Rd, and Aurora Rd. It is described as having prominent monument signage and 66 parking spaces sized to support medical use. The listing notes that the property is anchored by Apex Dermatology, with approximately 8,197 SF available for owner occupancy following a tenant departure.
Access and regional connectivity are highlighted by US-422 less than one mile north, and nearby driving access to major interstates. In addition to Apex Dermatology’s long-term presence since 2013, the configuration is described as flexible for medical, dental, therapy, or professional users seeking to occupy their own space while maintaining rental income from an established tenant.
The building sits on approximately 1.18 acres with 170 feet of frontage on Solon Rd and direct access to Solon Rd, Bainbridge Rd, and Aurora Rd. It is described as having prominent monument signage and 66 parking spaces sized to support medical use. The listing notes that the property is anchored by Apex Dermatology, with approximately 8,197 SF available for owner occupancy following a tenant departure.
Access and regional connectivity are highlighted by US-422 less than one mile north, and nearby driving access to major interstates. In addition to Apex Dermatology’s long-term presence since 2013, the configuration is described as flexible for medical, dental, therapy, or professional users seeking to occupy their own space while maintaining rental income from an established tenant.
Key Highlights
- 13,480 SF single‑story Class B medical/professional office building on 1.183 acres; renovated in 2010
- 170' frontage on Solon Rd with prominent monument signage and direct access to Solon Rd, Bainbridge Rd, and Aurora Rd
- 66 parking spaces (4.85 per 1,000 SF) to support medical use for patients and staff
Financial Insights For Healthcare Medical
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 | $283.1k | $21.00 |
| − Vacancy | −$35.4k | −$2.63 |
| EGI | $247.7k | $18.38 |
| − OpEx | −$99.1k | −$7.35 |
| NOI | $148.6k | $11.03 |
13,480 SF · lease $21.00/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.12M
$1.86M – $2.48M
NOI $148,617 @ 7.0% cap · market cap 4.25%
Second Best
Office B
$2.07M
$1.81M – $2.41M
NOI $144,723 @ 7.0% cap · market cap 4.13%
Theoretical Best
Warehouse
$10.80M
$9.45M – $12.60M
NOI $756,053 @ 7.0% cap · market cap 21.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Single-story Class B medical and professional office building with renovated 2010 improvements and 66 on-site parking spaces.
Where is this office building located?
The property is located at 32875 Solon Road Solon, OH.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 13,480 SF single‑story Class B medical/professional office building on 1.183 acres; renovated in 2010; 170' frontage on Solon Rd with prominent monument signage and direct access to Solon Rd, Bainbridge Rd, and Aurora Rd; 66 parking spaces (4.85 per 1,000 SF) to support medical use for patients and staff
