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    23600 Commerce Park Rd Beachwood, OH 44122

    Sponsored
    For Lease
    $16 SF/Yr ($16,056 /Mo)

    Prime Medical Office, 5,000 SF Available

    Lot size:
    12,042 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,000 square foot medical office space is situated within a larger 12,042 square foot building at 23600 Commerce Park Road, Beachwood, Ohio 44122. The suite offers a turnkey solution for medical practices, boasting a thoughtfully designed layout including a welcoming reception and waiting area, 10-12 private offices or exam rooms, a versatile group or conference room, and a convenient break room complete with a kitchenette. Three individual restrooms ensure privacy and convenience for both staff and patients. The property features two distinct entrances – a dedicated employee entrance and a separate patient entrance, both secured with key card access for enhanced security. Ample parking is provided with 60 spaces available for staff and patients. This highly accessible location is less than a mile from I-271, ensuring easy access for patients and employees alike. The building is located in the desirable Chagrin Corridor submarket. The space is currently vacant and ready for immediate occupancy. This is a rare opportunity to acquire a well-appointed medical office space in a prime Beachwood location. The existing infrastructure is highly conducive to a seamless transition for a medical practice.

    Property Features for 23600 Commerce Park Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,042 SF
    Total Rate
    16056

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    5,000 SF
    Rate per SF
    $16

    HighLights

    • 5,000 SF medical office suite in a 12,042 SF building at 23600 Commerce Park Road, Beachwood, OH 44122.
    • Turnkey space with reception area, 10‑12 exam rooms/offices, conference room, break room, and three restrooms.
    • Two secured entrances (employee & patient), ample parking (60 spaces).
    • Highly accessible location, less than one mile from I‑271, in the Chagrin Corridor submarket.
    • Vacant and ready for immediate occupancy; nearby medical co‑tenancy including UH Beachwood & Ahuja Medical Centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Beachwood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5098556
    Latitude
    41.4614277

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 5,000 SF Available
    Where is this medical office located?
    The property is located at 23600 Commerce Park Rd Beachwood, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 5,000 SF medical office suite in a 12,042 SF building at 23600 Commerce Park Road, Beachwood, OH 44122.; Turnkey space with reception area, 10-12 exam rooms/offices, conference room, break room, and three restrooms.; Two secured entrances (employee & patient), ample parking (60 spaces).
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    23600 Commerce Park Rd Beachwood, OH 44122
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    Beachwood, OH 44122
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    Realmo Value Estimation

    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

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    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.

    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
    23600 Commerce Park Rd Beachwood, OH 44122
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