C-1 Zoned Office
33565 Solon Road, Solon, OH 44139
For Sale
$550,000
C-1 zoning supports professional office and service-oriented business use.
Property Size1,896 SF
Lot Size0.19 Acres
Price / SF$290.08
Days on Market81
Property Features for 33565 Solon Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Century 21 DeAnna Realty
Listed By:
Thomas Siliko · License #2024004078
(330) 321-8649
Source:
Lifestagesrealty
Added: Aug 19
Changed: Nov 7
Last Checked: Nov 7 at 1:43PM
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 Century 21 DeAnna Realty
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Investment Insights
Based on property information with market context.
This office building was constructed in 1935 and sits on a 0.19-acre lot. Its C-1 zoning supports professional office and service-oriented business uses.
The property is located on Solon Road in Solon, Ohio, within the surrounding business community.
The property is located on Solon Road in Solon, Ohio, within the surrounding business community.
Key Highlights
- C‑1 zoning
- 0.19‑acre lot
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,356
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,120
$407.1K
Cap Rate 7%
$290,800
$290.8K
Cap Rate 9%
$226,178
$226.2K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$35.9K $18.96/SF
− Vacancy
−$8.8K −$4.65/SF
EGI
$27.1K $14.31/SF
− OpEx
−$6.8K −$3.58/SF
NOI
$20.4K $10.74/SF
Area
Cuyahoga County, OH
Vacancy
24.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,120
Cap Rate 7%
$290,800
Cap Rate 9%
$226,178
Alternative Uses
Best Use
Office B
$290.8K
$254.5K – $339.3K
NOI $20,356 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,341 @ 7.0% cap · market cap 19.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
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Business Placement
Demographics for 44139, OH
25,331
Population
9,347
Households
2.7
Avg Household Size
44
Median Age
63%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
1,106
Density / Sq Mi
$134,924
Median Household Income
$73,281
Median Earnings
$1,468
Median Rent
$373,800
Median Home Value
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Market
Properties on Market for Office buildings in Cuyahoga County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - C-1 zoning supports professional office and service-oriented business use.
Where is this office building located?
The property is located at 33565 Solon Road Solon, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: C‑1 zoning; 0.19‑acre lot; Built in 1935
