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    30950 Pinetree Rd Cleveland, OH 44124

    For Lease
    Contact for pricing

    Cleveland Office & Retail Opportunity

    Lot size:
    93,723 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Landerwood Plaza, located at 30950 Pinetree Rd in Cleveland, Ohio 44124, presents a compelling investment opportunity. This two-story, 93,723 square foot retail and traditional office property, built in 1961 and renovated in 2018, sits on an expansive 11.93-acre lot. The property features a total of 20 suites, with a minimum divisible space of 230 square feet and a maximum contiguous space of 6,258 square feet. Currently, 11,540 square feet are vacant, offering significant potential for immediate income generation. The property's strategic location within Pepper Pike's financial and business district provides a convenient "work, shop, and dine" experience for tenants and customers. Its traditional office and strip center subtype caters to a diverse range of businesses. The property's multiple tenancy structure offers flexibility and diversification of income streams. This well-maintained property presents a rare opportunity to acquire a substantial commercial space in a prime location with significant upside potential. The property's size and layout provide ample opportunity for expansion or redevelopment. The existing infrastructure and recent renovations minimize immediate capital expenditure needs. This is an excellent opportunity for investors seeking a strong return on investment in a thriving commercial area.

    Property Features for 30950 Pinetree Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    93,723 SF

    Building Details

    Year Built/Renovated
    1961/2018
    Stories
    2

    Unit(s) available at that property

    Space
    1st Fl-Ste 1140
    Size
    6,285 SF
    Space
    Space 1095
    Size
    5,282 SF

    HighLights

    • Located in Pepper Pike's financial and business district.
    • 93,723 SF retail and office property with 20 suites, offering a mix of fashion, dining, service, grocery, and office tenants.
    • Prominent pylon signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4611247
    Latitude
    41.4618112

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    FAQs

    What type of property is this?
    Neighborhood center - Cleveland Office & Retail Opportunity
    Where is this neighborhood center located?
    The property is located at 30950 Pinetree Rd Cleveland, OH.
    What are key features of this property?
    This property features: Located in Pepper Pike's financial and business district.; 93,723 SF retail and office property with 20 suites, offering a mix of fashion, dining, service, grocery, and office tenants.; Prominent pylon signage.
    Request Owner's contact information
    30950 Pinetree Rd Cleveland, OH 44124
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    Cleveland, OH 44124
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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
    30950 Pinetree Rd Cleveland, OH 44124
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