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    21600 Drake Rd Strongsville, OH 44149

    For Sale
    $1,750,000

    40,130 SF Distribution Center, $1.75M

    Property size:
    40,130 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 40,130-square-foot industrial property, situated on a 7.4-acre lot in Strongsville, Ohio, presents a unique investment opportunity. Built in 1979, the property features a 31,982-square-foot shop area, including 26,026 square feet of enclosed space and 5,956 square feet under roof. A separate 8,148-square-foot freestanding office building provides ample administrative space. The property boasts 18-foot clear ceilings, grade-level doors with one ramp, and 25 parking spaces. Key features include a truck scale, two air compressors (potentially included), and existing pumps and mixing equipment. All tanks have been emptied, cleaned, and sprayed with inhibitor, making it easily reactivated as a chemical mixing and distribution center. The property also benefits from a fenced lot with a gate, a new Carlyle membrane roof on the office (installed December 2022 with a 20-year warranty), 100% HVAC, a backup generator covering parts of the office, and a 100% sprinkler system with a dry air compressed system encompassing the covered and open-air storage areas. The property is heated with hot water heat. Located at 21600 Drake Rd, Strongsville, OH 44149, in Cuyahoga County, this property offers significant potential for various industrial and distribution uses.

    Property Features for 21600 Drake Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    40,130 SF
    Lot Size
    322,344 SF

    Building Details

    Year Built
    1979

    HighLights

    • $1,750,000 asking price for this 40,130 square foot retail and industrial property.
    • Located at 21600 Drake Rd, Strongsville, OH 44149, on a 7.4‑acre lot in Cuyahoga County.
    • Features 18' clear ceiling height, 25 parking spaces, and grade‑level loading with one ramp.
    • Includes a 31,982 SF shop area (26,026 SF enclosed, 5,956 SF under roof) and an 8,148 SF freestanding office building.
    • Property includes a truck scale, two air compressors, and existing pumps and mixing equipment.
    • Features a fenced lot with a gate, a new office roof (installed 12/2022), and a backup generator for part of the office area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Strongsville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8647327
    Latitude
    41.2906327

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    FAQs

    What type of property is this?
    Manufacturing property - 40,130 SF Distribution Center, $1.75M
    Where is this manufacturing property located?
    The property is located at 21600 Drake Rd Strongsville, OH.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price for this 40,130 square foot retail and industrial property.; Located at 21600 Drake Rd, Strongsville, OH 44149, on a 7.4-acre lot in Cuyahoga County.; Features 18' clear ceiling height, 25 parking spaces, and grade-level loading with one ramp.
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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

    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.

    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
    21600 Drake Rd Strongsville, OH 44149
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