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    16321 Rockside Rd Maple Heights, OH 44137

    For Sale
    $165,000

    Vacant Flex Space, Value-Add Opportunity

    Property size:
    3,151 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 Features for 16321 Rockside Rd

    General Information

    Property type
    Life science properties
    Square Feet
    3,151 SF
    Class
    C
    Lot Size
    6,970 SF

    Building Details

    Year Built/Renovated
    1957/2014
    Buildings
    1
    Stories
    1

    HighLights

    • 3,151 SF industrial building on 0.16‑acre lot in Maple Heights, OH.
    • Two drive‑in doors and 400 amps of power.
    • Flexible RMF zoning allows for multi‑family, flex‑industrial, and retail uses.
    • High traffic counts on Rockside Road.
    • 12'5" ceiling height with mezzanine space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5665623
    Latitude
    41.4024507

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    FAQs

    What type of property is this?
    Life science property - Vacant Flex Space, Value-Add Opportunity
    Where is this life science property located?
    The property is located at 16321 Rockside Rd Maple Heights, OH.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: 3,151 SF industrial building on 0.16-acre lot in Maple Heights, OH.; Two drive-in doors and 400 amps of power.; Flexible RMF zoning allows for multi-family, flex-industrial, and retail uses.
    Request Owner's contact information
    16321 Rockside Rd Maple Heights, OH 44137
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    Maple Heights, OH 44137
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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
    16321 Rockside Rd Maple Heights, OH 44137
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