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    24610 Detroit Rd Westlake, OH 44145

    For Sale
    $620,000

    6,200 SF Medical/Office Condo, 100% Occupied

    Property size:
    6,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6,200-square-foot Class B office condo, located at 24610 Detroit Rd, Suite 1200, Unit 110, Westlake, OH 44145 (APN 214-01-310), presents a lucrative investment opportunity. The property, built in 1990, is a single-tenant building with a gross lease in place. Currently 100% occupied, it offers a strong 8.00% cap rate and a price per square foot of $100. The asking price is $620,000. This two-story building features modern amenities including 24-hour access and an active security system. The property boasts a tranquil setting overlooking a pond and landscaping, yet enjoys a prime location just 15 miles from downtown Cleveland, within the West Office Submarket. The area benefits from proximity to major employers like American Greetings and Hyland Software, as well as numerous hotels and retail establishments. The suite includes visible signage. This is a single-unit, single-tenant property ideal for owner-occupancy or investment. The property is conveniently located in Cuyahoga County, Ohio, with easy access to major transportation routes. This is a rare opportunity to acquire a well-maintained, high-occupancy office condo in a desirable location.

    Property Features for 24610 Detroit Rd

    General Information

    Property type
    Medical offices
    Square Feet
    6,200 SF
    Class
    B

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $620,000 asking price for a 6,200 square foot office condo.
    • Located at 24610 Detroit Rd, Westlake, OH 44145.
    • Class B, two‑story building built in 1990.
    • 100% occupancy with a single tenant under a gross lease.
    • $100 per square foot price, 8% cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westlake
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.893204313818
    Latitude
    41.471492145527

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    FAQs

    What type of property is this?
    Medical office - 6,200 SF Medical/Office Condo, 100% Occupied
    Where is this medical office located?
    The property is located at 24610 Detroit Rd Westlake, OH.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: $620,000 asking price for a 6,200 square foot office condo.; Located at 24610 Detroit Rd, Westlake, OH 44145.; Class B, two-story building built in 1990.
    Request Owner's contact information
    24610 Detroit Rd Westlake, OH 44145
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    Westlake, OH 44145
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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
    24610 Detroit Rd Westlake, OH 44145
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