Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail and Restaurant Space Available Title is generated by Realmo AI

    4114 Rockside Rd, Seven Hills, OH 44131

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Small shop and restaurant space with patios and drive-thru.

    Type:Land, Retail
    Added:
    Apr 25, 2024
    Days on Market:
    768
    Last Refresh:
    May 12 at 9:44 pm

    Property Features for 4114 Rockside Rd

    General Information

    Standard status
    Active
    Property subtype
    Land, Retail

    Spaces For Lease

    at 4114 Rockside Rd Contact us

    We can help!

    Listing Contact
    Steve Altemare

    Listing agent Steve Altemare License #OH SAL.0000387601

    Listing office Goodman Real Estate Services Group LLC

    Listing date Apr 25, 2024

    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 Goodman Real Estate Services Group LLC

    HighLights

    • Direct access from Interstate 77 and Rockside Road
    • Over 23,000 vehicles pass in front of the site daily
    • Over 60,000 people in a 3‑mile radius with incomes exceeding $87,000
    • Over 32,000 people in a 3‑mile radius
    • Over 4 million square feet of office space in the trade area
    • 12 hotels (over 2,000 hotel rooms) within 1 mile

    Overview

    This property offers small shop and restaurant spaces, featuring patios and a drive-thru. It benefits from a substantial daytime population, with over 32,000 people residing within a 3-mile radius. The area boasts a high-income demographic, with over 60,000 residents in the same radius earning incomes exceeding $87,000. The location experiences significant traffic, with over 23,000 vehicles passing by daily. Situated within an office corridor, the property is surrounded by over 4 million square feet of office space. It provides direct access to Interstate 77 and Rockside Road, ensuring convenient connectivity. The area also includes 12 hotels, offering over 2,000 hotel rooms within a 1-mile radius. Cooper’s Hawk is coming soon to the location.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Seven Hills
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6531
    Latitude
    41.3833

    Nearby Similar for Lease

    • $850/Mo
      1,000 SF

      Seven Hills Office Space Available

      Office space for rent in a high-traffic location.
      7543 Broadview Road, Seven Hills, OH 44131
      View Details
    • $875/Mo

      Seven Hills Office Space Available

      Three-room office space for lease in well-maintained building.
      320 Orchardview Road, Seven Hills, OH 44131
      View Details
    • $22 SF/Yr
      14,136 SF

      Class-A Office Building with Amenities

      Centrally located office building with easy highway access and amenities.
      6000 Lombardo Center, Seven Hills, OH, 44131
      View Details
    • $17 SF/Yr
      12,625 SF

      Self-Contained Office Unit For Rent

      Unique office space with private entrance and ample parking.
      5700 Lombardo Ctr, Seven Hills, OH
      View Details
    • $17 SF/Yr
      59,753 SF

      Unique Office Unit For Rent

      Two-floor office unit with private entrance and ample parking.
      5700 Lombardo Center, Seven Hills, OH, 44131
      View Details
    • $22 SF/Yr
      14,137 SF

      Six-Story Office Building with Amenities

      Office suites with fitness center, conference room, and parking.
      6000 Lombardo Ctr, Seven Hills, OH
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Seven Hills

      Two multi-tenant buildings on 1.4 acres for lease.
      7589 Broadview Rd, Seven Hills, OH
      View Details
    • $18 SF/Yr
      20,000 SF

      Upgraded Office Space Available

      Office space with upgraded common areas and fitness center.
      4141 Rockside Rd, Seven Hills, OH
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Seven Hills

      1,050 SF retail unit with street-facing visibility in Seven Hills.
      7301-7305 Broadview Rd, Seven Hills, OH
      View Details

    FAQs

    What type of property is this?
    Retail space - Small shop and restaurant space with patios and drive-thru.
    Where is this retail space located?
    The property is located at 4114 Rockside Rd Seven Hills, OH.
    What are key features of this property?
    This property features: Direct access from Interstate 77 and Rockside Road; Over 23,000 vehicles pass in front of the site daily; **Over 60,000 people in a 3‑mile radius with incomes exceeding $87,000**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Altemare
    Real Estate License ID: OH SAL.0000387601
    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
    4114 Rockside Rd, Seven Hills, OH 44131
    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!