Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Richfield Office Building for Lease Title is generated by Realmo AI

    4031-4059 Kinross Lakes Parkway, Richfield, OH 44286

    View on Map
    Claim this Listing
    For Lease
    $22 SF/Yr $50,625/Mo (calc)

    96,000 RSF office building in Richfield, Ohio for lease.

    Type:Office
    Property size:
    27,000 SF
    Added:
    Nov 22, 2025
    Days on Market:
    188
    Last Refresh:
    May 20 at 12:06 am

    Property Features for 4031-4059 Kinross Lakes Parkway

    General Information

    Standard status
    Active
    Size
    27,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 4031-4059 Kinross Lakes Parkway Contact us

    We can help!

    Listing Contact
    Stephen Morris

    Listing agent Stephen Morris

    Listing office CBRE | Cleveland

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Cleveland

    HighLights

    • Class‑A office building with 96,000 RSF.
    • Ample parking with 476 surface spaces.
    • Convenient location equidistant from Cleveland and Akron.
    • 24/7 access and security.
    • Owner‑occupied and managed.
    • Typical floor size of 26,923 square feet with 13‑foot slab to slab heights.

    Overview

    This is a 96,000 RSF, three-story office building constructed in 2000. The owner occupies and manages the property, which includes two lower-level availabilities with 24/7 access and security. Built in 1996, this Class-A office building is situated at 4059 Kinross Lakes in Richfield, Ohio, on a 7.44-acre lot. Ample parking is available with 476 surface spaces. The building features a typical floor size of 26,923 square feet and slab-to-slab heights of 13 feet. Its location is approximately equidistant from Cleveland and Akron, facilitating an easy commute.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Summit
    State
    Ohio
    Longitude
    -81.6296
    Latitude
    41.2232

    Nearby Similar for Lease

    • $1,650/Mo
      1,800 SF

      Richfield Office Space For Rent

      Premier 1,800 sq. ft. office space in Richfield, OH.
      3600 Brecksville Road, Richfield, OH 44286
      View Details
    • $19 SF/Yr
      42,021 SF

      Richfield Office Space For Lease

      Strategically located office building with easy highway access.
      4125 Highlander Parkway, Richfield, OH, 44286
      View Details
    • $10 SF/Yr
      2,900 SF

      Professional Office Building in Richfield

      Office suites with high ceilings and natural light available for rent.
      4816 Brecksville Road, Richfield, OH, 44286
      View Details
    • $19 SF/Yr
      29,032 SF

      Richfield Office Space Available

      29,032 square foot office space for lease.
      3900 Kinross Lakes Parkway, Richfield, OH, 44286
      View Details
    • Contact for pricing

      Commercial Space in Richfield, OH

      Commercial space available for rent in Richfield, Ohio.
      3024 Brecksville Road, Richfield, OH
      View Details
    • $22 SF/Yr
      8,221 SF

      Richfield Office Space Available

      Full third floor office space for rent in Richfield.
      3250 Interstate Dr, Richfield, OH 44286
      View Details
    • Contact for pricing
      5,300 SF

      Industrial Space with Office Area

      5,300 sq ft industrial space with office near I-77/I-80.
      5145 Brecksville Rd, Richfield, OH 44286
      View Details
    • Contact for pricing
      38,644 SF

      Richfield Warehouse with Easy Access

      Warehouse centrally located with easy highway access and storage space.
      2636 Brecksville Rd, Richfield, OH
      View Details
    • $11 SF/Yr

      Premier Office Space Available

      Strategically located office space near major highways.
      3600 Brecksville Rd, Richfield, OH 44286
      View Details
    • Contact for pricing

      Commercial Space for Rent

      Commercial property available for rent in Richfield, Ohio.
      2636 Brecksville Road, Richfield, OH 44286
      View Details
    • Contact for pricing
      3,000 SF

      Spacious Warehouse with Office Space

      3,000 sq ft warehouse with drive-in door and office.
      3767 Brecksville Rd, Richfield, OH 44286
      View Details
    • Contact for pricing
      66,750 SF

      Industrial Facility in Richfield, Ohio

      66,750 SF industrial facility suitable for warehousing or manufacturing.
      4100 Congress Pkwy, Richfield, OH
      View Details

    FAQs

    What type of property is this?
    Office building - 96,000 RSF office building in Richfield, Ohio for lease.
    Where is this office building located?
    The property is located at 4031-4059 Kinross Lakes Parkway Richfield, OH.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Class‑A office building with 96,000 RSF.; Ample parking with 476 surface spaces.; Convenient location equidistant from Cleveland and Akron.
    (216) 658-6115
    We can help!
    Listing Contact
    Stephen Morris
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    4031-4059 Kinross Lakes Parkway, Richfield, OH, 44286
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!