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    71 Baker Blvd Fairlawn, OH 44333

    Sponsored
    For Sale
    $424,000

    Prime Medical/Office Space, Excellent Value

    Property size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Fairlawn, Ohio investment opportunity presents a two-story, Class B medical office building at 71 Baker Blvd., boasting 4,200 square feet on a 0.18-acre lot. Built in 1972, the property offers a compelling blend of medical and traditional office space, currently configured into four units, with three currently leased. The asking price is $424,000, translating to an attractive price per square foot of $100.95. Ample parking is provided with 23 spaces available for tenants and visitors. The building's location in Summit County, Ohio, zip code 44333, offers convenient access to local amenities and a strong patient/client base. This property presents a solid investment opportunity with the added benefit of seller financing available, making it an attractive option for both seasoned investors and those seeking their first commercial real estate venture. The building's existing lease agreements provide immediate cash flow, minimizing vacancy risk and maximizing return on investment. The versatile space is suitable for a variety of medical and professional uses, allowing for future expansion and adaptation to evolving market demands. This is a rare chance to acquire a well-located, income-producing property in a thriving Ohio market.

    Property Features for 71 Baker Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    4,200 SF
    Class
    B
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairlawn
    County
    Summit
    State
    Ohio
    Longitude
    -81.611141188784
    Latitude
    41.130895836096

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    FAQs

    What type of property is this?
    Medical office - Prime Medical/Office Space, Excellent Value
    Where is this medical office located?
    The property is located at 71 Baker Blvd Fairlawn, OH.
    What is the asking price?
    The asking price for this property is $424,000.
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    71 Baker Blvd Fairlawn, OH 44333
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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
    71 Baker Blvd Fairlawn, OH 44333
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