Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Four-Story Office Building For Rent Title is generated by Realmo AI

    4511 Rockside Road, Independence, OH 44131

    View on Map
    Claim this Listing
    For Lease
    $21 SF/Yr $66,108/Mo (calc)

    Four-story office building with ample parking and convenient highway access.

    Type:Office
    Property size:
    37,776 SF
    Added:
    Nov 22, 2025
    Days on Market:
    190
    Last Refresh:
    May 19 at 9:22 pm

    Property Features for 4511 Rockside Road

    General Information

    Standard status
    Active
    Size
    37,776 SF
    Property subtype
    Office

    Spaces For Lease

    at 4511 Rockside Road Contact us

    We can help!

    Listing Contact
    Steve Ross

    Listing agent Steve Ross

    Listing office

    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 Steve Ross

    HighLights

    • Two full floors available, totaling up to 37,776 RSF.
    • Convenient location just off I‑77 at the Rockside Road exit.
    • Ample surface parking and a private heated underground parking garage with 40 spaces.
    • On‑site cafe open for breakfast and lunch.
    • Proximity to downtown Cleveland, Akron, and Cleveland Hopkins International Airport.
    • Includes access to a 12‑seat executive boardroom and two 40‑seat meeting rooms.

    Overview

    This four-story office building offers 71,690 square feet of space. Two full floors are available, ranging from 18,888 to 37,776 square feet. Specifically, the third and fourth floors each provide 18,888 square feet. The leasing rate is $21.00 per square foot. The building features two hydraulic passenger elevators. Parking is available via ample surface spaces and a private heated underground garage with 40 spaces. A cafe is open for breakfast and lunch in Freedom Square II. There is a 12-seat executive boardroom in Freedom Square II, and a 40-seat meeting room in both Freedom Square II and Freedom Square III. The property is located just off I-77 at the Rockside Road exit, offering convenient access to downtown Cleveland and Akron. Cleveland Hopkins International Airport is also easily accessible. Restaurants, hotels, and banks are within walking distance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6590442
    Latitude
    41.3991599

    Nearby Similar for Lease

    • Sponsored
      $129-$3,018/Mo
      11-1,292 SF

      Independence

      6100 Oak Tree Blvd, Unit 200, Independence, OH 44131
      View Details
    • $16 SF/Yr
      5,295 SF

      Four-Story Office Building Available

      42,050 RSF office building near I-77 and amenities.
      4401 Rockside Road, Independence, OH, 44131
      View Details
    • $21 SF/Yr
      7,361 SF

      Office Space in Summit Park

      Office space with amenities and highway access for lease.
      3 Summit Park Drive, Independence, OH, 44131
      View Details
    • $17 SF/Yr
      1,176 SF

      Office Space Near Major Highways

      Two-floor office space with highway access, near Cleveland.
      5701 Lombardo Center, Independence, OH, 44131
      View Details
    • $19 SF/Yr
      28,970 SF

      Five-Story Office Building for Lease

      Office suites available in a convenient location near I-77.
      6000 Freedom Square Drive, Independence, OH, 44131
      View Details
    • $12 SF/Yr
      20,000 SF

      Versatile Office Space in Independence

      Office space with amenities in Rockside Corridor, Independence, OH.
      6200 Oak Tree Boulevard, Independence, OH, 44131
      View Details
    • $16 SF/Yr
      40,990 SF

      Office Space with Tenant Amenities

      Office space for rent with conference rooms, fitness center.
      4 Summit Park Drive, Independence, OH, 44131
      View Details
    • $17 SF/Yr
      5,000 SF

      Independence Office Space Available

      5000 sqft office space for rent in Independence, OH.
      6133 Rockside Road, Independence, OH, 44131
      View Details
    • $18 SF/Yr
      3,541 SF

      Class A Office Building

      Three-story office building with lush landscaping and wooded surroundings.
      7100 Pleasant Valley Rd, Independence, OH
      View Details
    • $19 SF/Yr
      34,047 SF

      Office Space in Summit Park

      Office space for rent with amenities and highway access.
      2 Summit Park Drive, Independence, OH, 44131
      View Details
    • $16 SF/Yr
      30,525 SF

      Office Space Near I-77

      Centrally located office space with highway access and city views.
      4700 Rockside Road, Independence, OH, 44131
      View Details
    • $21 SF/Yr
      4,653 SF

      Four-Story Office Building Available

      Two four-story office buildings with fitness center and ample parking.
      6155 Rockside Rd, Independence, OH
      View Details

    FAQs

    What type of property is this?
    Office building - Four-story office building with ample parking and convenient highway access.
    Where is this office building located?
    The property is located at 4511 Rockside Road Independence, OH.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Two full floors available, totaling up to 37,776 RSF.; Convenient location just off I‑77 at the Rockside Road exit.; Ample surface parking and a private heated underground parking garage with 40 spaces.
    (216) 363-6423
    We can help!
    Listing Contact
    Steve Ross
    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
    4511 Rockside Road, Independence, 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!