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    26220 White Rd Richmond Heights, OH 44143

    Sponsored
    For Sale
    $519,000

    2.97 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.97-acre commercial land parcel in Richmond Heights, Ohio, presents a significant development opportunity. Located at 26220 White Rd, this fee-simple property boasts an RS zoning designation, suitable for senior housing or various commercial uses. Its prime corner location at White Rd and Richmond Rd offers excellent visibility and accessibility, with convenient access to I-90 and I-271. The site's adjacency to a multifamily and industrial complex fosters potential synergistic developments. A drive-thru is a possibility, adding to the property's versatility. The area features a thriving retail environment, including nearby Dollar General, O'Reilly Auto Parts, Dunkin', and McDonald's. A bus stop is directly adjacent, providing convenient public transportation. The surrounding area's demographics are strong, with over 208,000 people within a 5-mile radius and a median household income of $70,648. The asking price is $519,000. This property offers a unique blend of location, zoning, and potential, making it an ideal investment for discerning developers. Cuyahoga County location and 44143 zip code.

    Property Features for 26220 White Rd

    General Information

    Property type
    Assisted living facilities
    Lot Size
    129,373 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Auto Repair Shop Wholesale Shop Hair Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.493871
    Latitude
    41.573949

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    FAQs

    What type of property is this?
    Assisted living facility - 2.97 Acres, Prime Development Site
    Where is this assisted living facility located?
    The property is located at 26220 White Rd Richmond Heights, OH.
    What is the asking price?
    The asking price for this property is $519,000.
    Request Owner's contact information
    26220 White Rd Richmond Heights, OH 44143
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    Richmond Heights, OH 44143
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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
    26220 White Rd Richmond Heights, OH 44143
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