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    203 Royalton Rd Broadview Heights, OH 44147

    Sponsored
    For Lease
    Contact for pricing

    Medical & Traditional Office Suites Available

    Lot size:
    28,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Wellpoint Plaza, located at 203 E Royalton Rd in Broadview Heights, Ohio, presents a unique investment opportunity. This multi-tenant property, built in 1995 and renovated in 2003, offers a combined 25,178 square feet of vacant space across six available units ranging from 1,005 to 22,000 square feet. The property is classified as both retail and office space, specifically catering to medical and traditional office tenants. Situated in Cuyahoga County, zip code 44147, the plaza enjoys a prime location, just 1.9 miles (a five-minute drive) from highway 77. Its convenient location offers easy access for both employees and clients. The plaza is part of a thriving retail center, boasting high foot traffic and popular establishments such as Handel's Ice Cream and The Boneyard. Furthermore, its proximity to Broadview Heights City Hall and the Recreation Center adds to its appeal. The property benefits from being within the Brecksville-Broadview Heights school district, consistently ranked among the top 20 in Ohio. This combination of convenient location, strong tenant mix, and desirable amenities makes Wellpoint Plaza an attractive proposition for businesses seeking a well-established and accessible location.

    Property Features for 203 Royalton Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,160 SF

    Building Details

    Year Built/Renovated
    1995/2003

    Unit(s) available at that property

    Space
    Available Space - Suite 9
    Size
    1,005 SF
    Space
    Available Space - Suite 10
    Size
    1,005 SF
    Space
    Available Space - Suite 11
    Size
    1,300 SF
    Space
    Available Space - 12
    Size
    1,050 SF
    Space
    Available Space - 15
    Size
    22,000 SF
    Space
    Available Space - Suite 18
    Size
    1,800 SF

    HighLights

    • Wellpoint Plaza is situated in a high‑traffic retail center anchored by Handel's Ice Cream and The Boneyard.
    • Located in the top 20 Brecksville‑Broadview Heights school district in Ohio.
    • Just 1.9 miles (5‑minute drive) from Highway 77.
    • Walking distance to Broadview Heights City Hall and Recreation Center.
    • Wellpoint Plaza offers 25,178 SF of available space in six units (1,005 - 22,000 SF), suitable for medical and general office tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Broadview Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.682535548433
    Latitude
    41.314343481874

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    FAQs

    What type of property is this?
    Medical office - Medical & Traditional Office Suites Available
    Where is this medical office located?
    The property is located at 203 Royalton Rd Broadview Heights, OH.
    What are key features of this property?
    This property features: Wellpoint Plaza is situated in a high-traffic retail center anchored by Handel's Ice Cream and The Boneyard.; Located in the top 20 Brecksville-Broadview Heights school district in Ohio.; Just 1.9 miles (5-minute drive) from Highway 77.
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    203 Royalton Rd Broadview Heights, OH 44147
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    Broadview Heights, OH 44147
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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
    203 Royalton Rd Broadview Heights, OH 44147
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