Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    30760 Center Ridge Rd Westlake, OH 44145

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3.8 Acres, Prime Westlake Location

    Property Features for 30760 Center Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    165,528 SF

    We can help!

    Listing Contact
    Joseph Khouri
    Joseph Khouri

    Listing Agency: CBRE | Cleveland Listing Agent: Joseph Khouri

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 3.8-acre commercial and residential land parcel presents a unique development opportunity in the highly desirable Westlake, Ohio market. Located at the prominent intersection of Center Ridge Road and Bradley Road, this fee-simple property boasts excellent visibility and frontage on both major thoroughfares. The General Business (GB) zoning allows for a wide range of development possibilities, catering to both commercial and residential uses. Its strategic location offers immediate adjacency to the Cleveland Metroparks Bradley Woods Reservation, a 795-acre park providing a stunning natural backdrop and recreational opportunities. This prime location benefits from proximity to numerous businesses, healthcare facilities, retail centers (Crocker Park & The Promenade), recreational amenities, and highly-rated Westlake schools. The property's convenient access to I-90 provides a quick commute to downtown Cleveland, while Cleveland Hopkins International Airport is only a short drive away. This is one of the last remaining corner development sites in Westlake, making it an exceptional investment opportunity with significant potential for future growth and high return. The APN is 217-16-005. The asking price is $1,650,000. This property offers unparalleled potential for developers seeking a high-profile location in a thriving community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Westlake
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.96138883
    Latitude
    41.42289864

    Nearby Similar for Sale

    • $500,000
      0.03 Acres

      Westlake Restaurant Business For Sale

      Successful Japanese Sushi, Hibachi, Steak House Restaurant for sale.
      30006 Detroit Rd, Westlake, OH 44145
      View Details
    • $610,000
      6,200 SF

      Westlake Office Building For Sale

      Office building in Westlake, 15 miles west of downtown Cleveland.
      24600-24610 Detroit Rd, Westlake, OH 44145
      View Details
    • Contact for pricing
      4,500 SF

      Freestanding Office Building in Westlake

      4,500 SF office building with excellent parking and signage.
      1119 Bassett Rd, Westlake, OH
      View Details
    • Contact for pricing

      Marriott Cleveland Westlake Hotel Portfolio

      207-room hotel portfolio in Westlake, Ohio for sale.
      25050 Towneplace Suites Sperry Dr, Westlake, OH
      View Details
    • Contact for pricing
      97,524 SF

      Westlake Class A Office Portfolio

      Class A office portfolio in premier suburban market for sale.
      2205-2237 Crocker Rd, Westlake, OH 44145
      View Details
    • Contact for pricing
      11,089 SF

      Westlake Retail Property For Sale

      Retail property available for sale in Westlake, Ohio.
      26800 Detroit Rd, Westlake, OH 44145
      View Details
    • $135,000
      756 SF

      Updated Condo in Westlake

      Updated 2-bedroom, 1-bath condo in Westlake, move-in ready.
      27387 Westown Blvd, Westlake, OH 44145
      View Details
    • Contact for pricing

      Remodeled Condo with Community Amenities

      Two-bedroom condo with updated kitchen, balcony, and community amenities.
      651 Windrush Dr, Westlake, OH 44145
      View Details
    • $620,000
      6,200 SF

      Westlake Office Condo - $620K

      6,200 SF Medical/Office Condo, 100% Occupied
      24610 Detroit Rd, Westlake, OH 44145
      View Details
    • $19,995,000
      97,524 SF

      Westlake Office Portfolio

      Class A Office, High Occupancy, Strong NOI
      2205 Crocker Rd, Westlake, OH 44145
      View Details
    • $145,000
      1,757 SF

      29099 Health Campus Dr

      Medical offices • 1,757 SF
      29099 Health Campus Dr, Westlake, OH 44145
      View Details

    FAQs

    What type of property is this?
    Land - 3.8 Acres, Prime Westlake Location
    Where is this land located?
    The property is located at 30760 Center Ridge Rd Westlake, OH.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Strong corporate presence in Westlake, including Nordson, American Greetings, and Hyland Software.; Excellent healthcare access with University Hospitals St. John Medical Center and Cleveland Clinic facilities.; High traffic volume generated by Crocker Park, The Promenade, and local recreational facilities.
    (216) 658-6120 Call to check price and availability
    Request Owner's contact information
    30760 Center Ridge Rd Westlake, OH 44145
    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.
    30760 Center Ridge Rd
    Westlake, OH 44145
    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
    30760 Center Ridge Rd Westlake, OH 44145
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joseph Khouri
    Joseph Khouri
    Real Estate License ID: 2008000837
    (216) 658-6120 (440) 823-2316 (216) 687-1800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!