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    5445 Detroit Rd Sheffield, OH 44054

    Sponsored
    For Sale
    $2,519,762

    12,311 SF Office, 7.5% Cap Rate, 5 Units

    Property size:
    12,311 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional owner-user opportunity presents a two-story, 12,311-square-foot Class A office building in Sheffield Lake, Ohio. Built in 2006 and renovated in 2024, the property boasts a 100% occupancy rate with five tenants, generating a strong net operating income (NOI) of $188,982 and a 7.5% capitalization rate. The asking price is $2,519,762.91. Situated on a 1.25-acre lot, this multi-tenant building offers 6,000 square feet of flexible space per floor, ideal for creative or medical office uses. Its attractive design and prime location, with easy access to I-90 and State Route 301, near Lorain County Community College, ensures high visibility and accessibility. The building features a convenient on-site gym with showers. This well-maintained property offers significant long-term value and is an excellent investment for owner-occupants seeking a high-traffic location in a growing area. The building's modern design and strong financial performance make it a compelling opportunity in the competitive Ohio commercial real estate market. This is a turnkey operation with a proven track record of success and immediate income generation.

    Property Features for 5445 Detroit Rd

    General Information

    Property type
    Medical offices
    Square Feet
    12,311 SF
    Class
    A
    Lot Size
    54,450 SF

    Building Details

    Year Built/Renovated
    2006/2024
    Stories
    2
    Units
    5

    HighLights

    • Two‑story newer construction building with excellent curb appeal.
    • High‑traffic location in a rapidly developing area.
    • Convenient access to I‑90, SR 301, and Lorain County Community College.
    • Includes on‑site gym with showers.
    • Ideal owner‑user opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Sheffield
    County
    Lorain
    State
    Ohio
    Longitude
    -82.0715733
    Latitude
    41.4290213

    Nearby Comparable

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    Nearby Similar for Sale

    • $4,661,217
      5,000 SF

      High-Yield Sheetz NNN Investment

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      5295 Detroit Rd, Sheffield, OH 44054
      View Details

    FAQs

    What type of property is this?
    Medical office - 12,311 SF Office, 7.5% Cap Rate, 5 Units
    Where is this medical office located?
    The property is located at 5445 Detroit Rd Sheffield, OH.
    What is the asking price?
    The asking price for this property is $2,519,762.
    What are key features of this property?
    This property features: Two-story newer construction building with excellent curb appeal.; High-traffic location in a rapidly developing area.; Convenient access to I-90, SR 301, and Lorain County Community College.
    Request Owner's contact information
    5445 Detroit Rd Sheffield, OH 44054
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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
    5445 Detroit Rd Sheffield, OH 44054
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