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    5389 Royalton Rd North Royalton, OH 44133

    Sponsored
    For Sale
    $575,000

    1.15-Acre Commercial Land, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.15-acre commercial development site is located in North Royalton, Ohio, at 5389 Royalton Rd, zip code 44133, Cuyahoga County. The property, with APN 487-10-135, is situated in the TC Town Center District zoning, offering significant development flexibility. Priced at $575,000, this land presents a compelling investment opportunity. The site boasts approximately 15,000 vehicles per day (VPD) in traffic counts, ensuring high visibility for any future development. Its prime location is adjacent to a Bank of America branch, further enhancing its appeal and accessibility. The property dimensions are 235.56 feet by 138.47 feet. An existing monument sign, shared with Bank of America, provides excellent roadside visibility. To facilitate the planning process, conceptual site plans and elevation renderings are available. The owner is open to selling the property outright or developing and leasing it to a qualified tenant. This presents a unique opportunity to capitalize on a high-demand market within a thriving community. This is a rare opportunity to acquire a well-positioned commercial parcel in a high barrier-to-entry market. The property is zoned for retail redevelopment, making it ideal for a variety of commercial uses.

    Property Features for 5389 Royalton Rd

    General Information

    Property type
    Land
    Lot Size
    50,094 SF

    HighLights

    • $575,000 asking price (Lease terms available).
    • Parcel ID: 487‑10‑135.
    • 1.15‑acre lot behind Bank of America on Royalton Road, North Royalton, OH.
    • TC Town Center District zoning.
    • Owner financing or lease to qualified tenant considered.
    • High traffic counts: approx. 15,000 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Royalton
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7229049
    Latitude
    41.3135242

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    FAQs

    What type of property is this?
    Land - 1.15-Acre Commercial Land, High Traffic
    Where is this land located?
    The property is located at 5389 Royalton Rd North Royalton, OH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: $575,000 asking price (Lease terms available).; Parcel ID: 487-10-135.; 1.15-acre lot behind Bank of America on Royalton Road, North Royalton, OH.
    (216) 658-6120
    Request Owner's contact information
    5389 Royalton Rd North Royalton, OH 44133
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    North Royalton, OH 44133
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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
    5389 Royalton Rd North Royalton, OH 44133
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