Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on Mayfield Road Title is generated by Realmo AI

    5400-5404 Mayfield Rd, Lyndhurst, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a newly remodeled building.

    Type:RETAIL
    Property size:
    5,240 SF
    Lot size:
    0.92 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    414
    Last Refresh:
    Apr 5 at 9:53 pm

    Property Features for 5400-5404 Mayfield Rd

    General Information

    Standard status
    Active
    Size
    5,240 SF
    Lot size
    0.92 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 5400-5404 Mayfield Rd Contact us

    We can help!

    Listing Contact
    Ann Ertle
    Ann Ertle

    Listing agent Ann Ertle

    Listing office Passov Real Estate Group

    Listing date Mar 25, 2025

    Source Moodyscre

    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 Passov Real Estate Group

    HighLights

    • High traffic volume (40,312 VPD) and excellent visibility on Mayfield Road.
    • Divisible space offering flexibility (5,240 SF total, divisible into 2,160 SF and 3,080 SF).
    • Easy access from Mayfield Road and Commodore Road.
    • Excellent pylon signage available.
    • Newly remodeled building.

    Overview

    This retail space offers 5,240 square feet, divisible into 2,160 square feet and 3,080 square feet configurations. The property benefits from high traffic volume, with 40,312 vehicles per day, and excellent visibility on Mayfield Road. Pylon signage is available, enhancing the property's exposure. The location provides easy access from both Mayfield Road and Commodore Road. The building has been newly remodeled.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Lyndhurst
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.466
    Latitude
    41.5003

    Nearby Similar for Lease

    • $25 SF/Yr

      Prominent Medical/Office Building Near I-271

      Medical and office spaces with access to a large population.
      29001 Cedar Road, Lyndhurst, OH, 44124
      View Details
    • $25 SF/Yr

      Medical/Office Space Near I-271

      Prominent medical/office building with access to I-271.
      29001 Cedar Rd, Lyndhurst, OH
      View Details
    • Contact for pricing

      Office Suites Available for Lease

      Attractive office suites for smaller tenants with ample parking.
      5010 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing

      Flexible Office Suites For Rent

      Office suites available in Lyndhurst, Ohio, with ample parking.
      5001 Mayfield Rd, Lyndhurst , OH
      View Details
    • Contact for pricing

      Retail Space on Mayfield Road

      Retail space available in high-traffic Lyndhurst location.
      5141 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing

      Retail Space in Lyndhurst, Ohio

      Retail space available in a high-traffic shopping center.
      24545-24741 Cedar Rd, Lyndhurst, OH
      View Details
    • Contact for pricing

      Recently Renovated Retail Space

      1,035 SF retail space available for lease on Mayfield Rd.
      5361 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing

      Retail End-Cap on Mayfield Road

      2,718 SF retail space with frontage and signage.
      5437-5465 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing

      Retail Building with Ample Parking

      4,200 SF retail building with 30 parking spaces.
      5456 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing

      Office/Retail Suite on Mayfield Road

      2,725 SF suite with high visibility near major shopping.
      5280 Mayfield Rd, Lyndhurst, OH 44124
      View Details
    • Contact for pricing

      Former Restaurant Space For Lease

      2,935 SF former restaurant space available for lease.
      5096 Mayfield Rd, Lyndhurst, OH
      View Details
    • Contact for pricing

      Mayfield Road Retail/Office Space

      2,725 SF office/retail suite on Mayfield Road available for rent.
      5280 Mayfield Rd, Lyndhurst, OH
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a newly remodeled building.
    Where is this retail space located?
    The property is located at 5400-5404 Mayfield Rd Lyndhurst, OH.
    What are key features of this property?
    This property features: High traffic volume (40,312 VPD) and excellent visibility on Mayfield Road.; Divisible space offering flexibility (5,240 SF total, divisible into 2,160 SF and 3,080 SF).; Easy access from Mayfield Road and Commodore Road.
    (440) 537-5445 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ann Ertle
    Ann Ertle
    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
    5400-5404 Mayfield Rd, Lyndhurst, OH
    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!