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Property profile

16321 Rockside Rd Maple Heights, OH 44137

OFF-MARKET
Manufacturing properties
Property ID
US66-1958936
3,150 SF 0.16 ac lot Built 1957
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 3,151 square foot industrial property, located at 16321 Rockside Rd, Maple Heights, OH 44137, presents a compelling value-add investment opportunity. The single-story, 1957-built building sits on a 0.16-acre lot and boasts a 12' 5" ceiling height, perfect for various uses. Renovated in 2014, the property features two drive-in doors, 400 amps of power, and ten parking spaces. Currently vacant, the property offers immediate occupancy from April 1, 2024. The asking price is $165,000, translating to $52.36 per square foot and $1,031,250 per acre for the land. Classified as Class C with a modified lease type, this flex space is zoned RMF (Zoning Provision), allowing for diverse redevelopment options including multi-family, flex-industrial, and retail uses. The property's location on Rockside Road offers high traffic counts, enhancing its potential for various commercial ventures. The building is of block construction and includes mezzanine space. This free and clear ownership opportunity is ideal for investors seeking a flexible, high-traffic location with significant redevelopment potential in Cuyahoga County. The property's features, zoning flexibility, and prime location make it an attractive investment prospect.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1957
Construction TYPE NOT SPECIFIED
Total area 3,150 SF
Lot 0.16 ac (6,900 SF)
Zoning code RMF
APN 786-02-024
UPID US66-1958936

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

16321 Rockside Rd Maple Heights, OH 44137-3964
Maple Heights metro Census 171204 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2024
Last sale
$115,000
2 recorded transactions
2024
$115,000
2018
Price N/A

Zoning & alternative use

RMF · Maple Heights, OH
Zoning description

It is the purpose of the RMF District to encourage the establishment and retention of varying densities of residential neighborhoods consisting of multifamily dwellings, two family dwellings and single family dwellings,…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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