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    5389 Royalton Rd North Royalton, OH 44133

    Sponsored
    For Lease
    Contact for pricing

    1.15-Acre Site, High-Demand Location

    Lot size:
    50,094 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.15-acre commercial development site presents a unique opportunity in North Royalton, Ohio. Located at 5389 Royalton Rd, this property boasts a prime location adjacent to a Bank of America branch, ensuring high visibility and accessibility. The site is zoned TC Town Center District, offering flexibility for a variety of development projects, including retail, mixed-use, or redevelopment opportunities. With its attractive pricing and high barrier to entry market, this land parcel represents a compelling investment for developers seeking a strategic foothold in a thriving community. The property's APN is 487-10-135 in Cuyahoga County. The single-tenancy zoning allows for a cohesive and streamlined development process. This 1.15-acre lot provides ample space for a substantial project, catering to the needs of a growing market. Its strategic location near a major financial institution further enhances its appeal and potential for success. The property's address is easily accessible from major roadways, ensuring convenient access for both businesses and customers. This is an exceptional opportunity to acquire a highly desirable development site in a sought-after location. The favorable zoning regulations and the property's size make it an ideal candidate for a variety of commercial ventures. Don't miss this chance to secure a prime piece of real estate in a thriving Ohio market.

    Property Features for 5389 Royalton Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,094 SF

    Unit(s) available at that property

    Space
    Size
    50,094 SF

    HighLights

    • Asking Price: $575,000 (Lease options available)
    • Parcel ID: 487‑10‑135
    • 1.15‑acre lot behind Bank of America on Royalton Road
    • Town Center (TC) zoning
    • Sale or build‑to‑suit/lease opportunity
    • High traffic count: ~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 Site, High-Demand Location
    Where is this land located?
    The property is located at 5389 Royalton Rd North Royalton, OH.
    What are key features of this property?
    This property features: Asking Price: $575,000 (Lease options available); Parcel ID: 487-10-135; 1.15-acre lot behind Bank of America on Royalton Road
    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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