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    20222 Center Ridge Rd Rocky River, OH 44116

    For Sale
    Contact for pricing

    Prime Rocky River Office, High Occupancy

    Property size:
    95,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Plaza West, located at 20222 Center Ridge Road in Rocky River, Ohio, presents a compelling investment opportunity. This Class A, multi-tenant office building boasts 95,856 square feet across three stories within a single building constructed in 1978. The property sits on a 2.92-acre lot, providing 443 feet of frontage on Center Ridge Road in Cuyahoga County, zip code 44116. The building offers a mix of executive and professional office space, currently exhibiting an 86.14% occupancy rate. Ample parking is available with 308 spaces, including 220 surface spaces and 88 garage spaces. The permitted zoning is LB. In addition to the approximately 70,000 square feet of office space, there is approximately 6,500 square feet of retail space available. The property generates an annual revenue of approximately $545,000. The substantial lot size presents potential for future development, and the building allows for full exterior branding opportunities. This location offers excellent visibility and accessibility in the desirable Rocky River market. This is an exceptional opportunity for both occupiers and investors seeking a well-established, high-performing asset with significant upside potential.

    Property Features for 20222 Center Ridge Rd

    General Information

    Property type
    Office space
    Square Feet
    95,856 SF
    Class
    A
    Lot Size
    127,195 SF

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    Rocky River
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8455782
    Latitude
    41.4645431

    Nearby Comparable

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    Nearby Similar for Sale

    • $250,000
      Pending

      Full-Brick Two-Family Home

      Spacious bi-level living near I-90, great investment opportunity.
      19960 Westway Dr, Rocky River, OH 44116
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    • $2,600,000
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      Shorewest Office: Redevelopment Opportunity

      Rocky River office building, redevelopment potential.
      20575 Center Ridge Rd, Rocky River, OH 44116
      View Details

    FAQs

    What type of property is this?
    Office space - Prime Rocky River Office, High Occupancy
    Where is this office space located?
    The property is located at 20222 Center Ridge Rd Rocky River, OH.
    (216) 455-0916
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    Rocky River, OH 44116
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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
    20222 Center Ridge Rd Rocky River, OH 44116
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