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    Property profile & analytics

    24650 Ctr Rdg Rd Westlake, OH 44145-5637

    • Office buildings
    • 51,328 SF
    • 3.04 lot acres
    OFF-MARKET
    Value Estimation
    $765,000
    Last Sale
    Sep 05, 2024
    $750,000
    Location Intelligence
    Property ID
    US66-5372543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 24650 Ctr Rdg Rd

    Year built
    1976
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.04 lot acres
    Property size
    51,328 SF
    Zone code
    OB
    Property type
    Office buildings
    APN
    213-28-010
    APU
    21328010

    Description

    Westlake Centre, located at 24650 Center Ridge Rd, Westlake, OH 44145, presents a unique opportunity. This two-building complex, totaling 64,064 square feet, offers flexible office space ideal for a variety of uses, including traditional, medical, and creative office settings, as well as daycare and adult daycare facilities. The property sits on 3.04 acres and features a four-story building constructed in 1976, extensively renovated in 2024. The maximum contiguous space available is 12,000 square feet, with the entire 64,064 square feet currently vacant. Amenities include 277 parking spaces and elevators. The property boasts ample natural light and spacious layouts, providing a productive and collaborative work environment. Its convenient location offers easy access to major highways and local amenities. The property's APN is 213-28-010. This is an exceptional opportunity to establish a presence in a thriving Westlake location. The property is under new ownership.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $705,000
      6.5%
      $760,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $745,000
      Geo Method
      $815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $865,000
      Retail
      $730,000
      Mixed-Use
      $870,000
      Hospitality
      $885,000
      Educational
      $695,000
      Residential Income
      $870,000
      Energy
      $895,000
      Income-Based Land
      $885,000
      Food Service
      $695,000

    Location Insight

    • Map
    • Local Demand
    City
    Westlake
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8945
    Latitude
    41.4588
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $106,907
    $295,160
    $1,193,260
    $1,488,420
    -
    $843,300
    $3,409,300
    $4,252,600

    Comparable in this City

    • Value Estimation by Request
      188,746 SF

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    • Value Estimation by Request
      1,336 SF

      1851 King James Pkwy1b2

      OFFICE BUILDING • 1,336 SF
      1851 King James Pkwy1b2, Westlake, OH 44145-3461
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    • Value Estimation by Request
      1,082 SF

      1851 King James Pkwy3a2

      OFFICE BUILDING • 1,082 SF
      1851 King James Pkwy3a2, Westlake, OH 44145-3461
      View Details
    • Value Estimation
      $530,000
      23,179 SF

      27216 Hilliard Blvd

      OFFICE BUILDING • 23,179 SF
      27216 Hilliard Blvd, Westlake, OH 44145-3049
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    • Value Estimation by Request
      6,548 SF

      1453 Allen Dr

      OFFICE BUILDING • 6,548 SF
      1453 Allen Dr, Westlake, OH 44145
      View Details
    • Value Estimation
      $270,000
      1,290 SF

      27350 Ctr Rdg Rd7a

      OFFICE BUILDING • 1,290 SF
      27350 Ctr Rdg Rd7a, Westlake, OH 44145-3957
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

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      High visibility office space for rent in Westlake, Ohio.
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    • $22 SF/Yr
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    • $1,700,000
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      Renovated Office Building in Westlake

      Fully furnished, renovated office building available for sale or lease.
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      Westlake Office Space For Rent

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      Westlake Office Space Near Crocker

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    Westlake, OH 44145-5637
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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
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