Turnkey Medical Office
34500 Center Ridge Rd, North Ridgeville, OH 44039
Well-maintained medical office building with excellent visibility and accessibility.
Type:Office
Property size:
2,188 SFLot size:
0.68 AcresPrice / SF:
$182/SF- Added:
- Mar 14, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 19 at 11:30 pm
Property Features for 34500 Center Ridge Rd
General Information
- Standard status
- Active
- Size
- 2,188 SF
- Lot size
- 0.68 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1991
Listing office Coldwell Banker Commercial Schmidt Realty North Ridgeville
Listing date Mar 14, 2026
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 Coldwell Banker Commercial Schmidt Realty North Ridgeville
HighLights
- High‑visibility location on high‑traffic Center Ridge Rd with excellent frontage and accessibility.
- Turnkey, well‑maintained former medical office building (2,188 sq. ft.) suitable for various business uses.
- Functional layout including lobby/reception, exam rooms, lab space, private offices, procedure room, and restrooms.
- Ample on‑site parking and convenient access from both the main road and a side street.
- Abundant natural light throughout the building.
- Recent roof update (approximately 4 years old).
Overview
This commercial property, formerly a medical office, is located on a 0.68-acre lot with frontage on Center Ridge Rd. Built in 1991, the single-level building offers approximately 2,188 square feet of space. The layout includes a lobby and reception area, exam rooms, lab space, private offices, an outpatient procedure room, and two restrooms. Large windows provide natural light throughout the building. The property benefits from access from both the main road and a side street, along with on-site parking. A roof approximately 4 years old contributes to the building's condition. The property was actively operating as a medical practice until March 7, 2026, and is suitable for medical, dental, professional office, wellness services, or other business uses. The property offers high visibility and a central location.
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 | $43.3k | $19.80 |
| − Vacancy | −$6.5k | −$2.97 |
| EGI | $36.8k | $16.83 |
| − OpEx | −$9.2k | −$4.21 |
| NOI | $27.6k | $12.62 |
2,188 SF · lease $19.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$394.5K
$345.2K – $460.3K
NOI $27,618 @ 7.0% cap · market cap 6.91%
Second Best
Healthcare Medical
$376.8K
$329.7K – $439.7K
NOI $26,379 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$551.4K
$482.5K – $643.3K
NOI $38,596 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Happy Pet Veterinary Hospital — 6170 Emerald St, North Ridgeville, OH 44039
- Robert Hutchison DVM — 36400 Center Ridge Rd, North Ridgeville, OH 44039
- Jamie Lindstrom DVM — 36400 Center Ridge Rd, North Ridgeville, OH 44039
- Jahnke Stephanie DVM — 6170 Emerald St, North Ridgeville, OH 44039
- Vet Hospital-Kelly — 35400 center ridge rd, north ridgeville, oh 44039
Location Insight
- Map
- Local Demand
- City
- North Ridgeville
- County
- Lorain
- State
- Ohio
- Longitude
- -82.000118
- Latitude
- 41.39681
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Well-maintained medical office building with excellent visibility and accessibility.
Where is this medical office space located?
The property is located at 34500 Center Ridge Rd North Ridgeville, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: High‑visibility location on high‑traffic Center Ridge Rd with excellent frontage and accessibility.; Turnkey, well‑maintained former medical office building (2,188 sq. ft.) suitable for various business uses.; Functional layout including lobby/reception, exam rooms, lab space, private offices, procedure room, and restrooms.
