Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4025 Richmond Rd Warrensville Heights, OH 44122

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail center in Warrensville Heights, OH

    Lot size:
    234,035 SF

    Property Features for 4025 Richmond Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    234,035 SF

    Spaces For Lease

    at 4025 Richmond Rd, Warrensville Heights, OH 44122 Contact us

    We can help!

    Listing Contact
    Zack Sogoloff
    Zack Sogoloff

    Listing Agency: Goodman Real Estate Services Group LLC Listing Agent: Zack Sogoloff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Harvard Park offers a unique investment opportunity in a thriving Cuyahoga County location. This power/strip center boasts 234,035 square feet of retail space situated at the southwest corner of Interstate 271 and Harvard Road. Its strategic location within the 630-acre Chagrin Highlands development provides exceptional visibility and accessibility. The development is anchored by major businesses including University Hospitals Ahuja Medical Center, Life Time Fitness, and Eaton Corporation, ensuring a high volume of foot traffic and a strong consumer base. Harvard Park's diverse tenant mix includes well-established national brands such as HomeGoods, Ulta, ALDI, Golf Galaxy, Marshalls, DSW, OfficeMax, Five Below, Value City Furniture, Famous Footwear, Panera Bread, Five Guys, Robeks, and Dave's Hot Chicken. This ensures a consistent flow of customers and a stable income stream. Currently, there are two available spaces: one measuring 2,468 square feet and another measuring 2,402 square feet, presenting an excellent opportunity for expansion or new business ventures within this successful retail environment. The center's prime location and strong tenant occupancy make it an attractive investment for discerning buyers seeking a high-performing retail property in a rapidly growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Dental Office Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrensville Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.496368794514
    Latitude
    41.44709830719

    Nearby Similar for Lease

    • $12 SF/Yr
      5,000 SF

      Office Space Near I-271

      Office space with easy access to I-271 and I-480.
      4645 Richmond Rd, Warrensville Heights, OH
      View Details
    • Contact for pricing
      1,710 SF

      Restaurant with Drive Thru Available

      Restaurant space with drive-thru and beer/wine license available for rent.
      22483 Emery Rd, Warrensville Heights, OH
      View Details
    • $7 SF/Yr
      6,390 SF

      Industrial Flex Space Available

      Industrial flex space for rent with loading docks and drive-ins.
      4853 Galaxy Pkwy, Warrensville Heights, OH
      View Details
    • $7 SF/Yr
      9,248 SF

      Industrial Flex Space Available

      Divisible industrial flex space with convenient loading and freeway access.
      4925-4949 Galaxy Pkwy, Warrensville Heights, OH
      View Details
    • $7 SF/Yr
      215,000 SF

      Industrial Space with Freeway Access

      Industrial property with versatile configurations and convenient loading.
      4829-4949 Miles Rd, Warrensville Heights, OH
      View Details
    • Contact for pricing
      5,571 SF

      Warrensville Heights Office Spaces For Rent

      Two office spaces available with flexible configurations and courtyard access.
      4670 Richmond Rd, Warrensville Heights, OH
      View Details
    • Contact for pricing
      2,402 SF

      Retail Space in Harvard Park

      Retail space available within a busy shopping center.
      4025-4095 Richmond Rd, Warrensville Heights, OH
      View Details
    • Contact for pricing
      10,120 SF

      Office Space Near Major Highways

      Office space with excellent highway access and nearby amenities.
      4834 Richmond Rd, Warrensville Heights, OH
      View Details
    • Contact for pricing
      3,000 SF

      Modern Office Space For Rent

      Modern office space with built-in cubicle and convenient parking.
      26110 Emery Rd, Warrensville Heights, OH
      View Details
    • Contact for pricing
      23,210 SF

      Warehouse in Cranwood Industrial Park

      Freestanding warehouse with docks, drive-in doors, and office space.
      19200 Cranwood Pkwy, Warrensville Heights, OH
      View Details
    • Contact for pricing
      140,000 SF

      Warehouse Space Near Amazon Hub

      140,000 SF warehouse with excellent highway access.
      18450 S Miles Rd, Warrensville Heights, OH
      View Details
    • Contact for pricing
      7,770 SF

      Industrial Space Near Major Highways

      Functional warehouse space with convenient highway access in Warrensville Heights.
      4335 Cranwood Pkwy, Warrensville Heights, OH
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail center in Warrensville Heights, OH
    Where is this neighborhood center located?
    The property is located at 4025 Richmond Rd Warrensville Heights, OH.
    What are key features of this property?
    This property features: 234,035 square foot retail power/strip center in Cuyahoga County, OH.; Located at I-271 and Harvard Road, within the 630-acre Chagrin Highlands development.; Strong tenant lineup including HomeGoods, Ulta, ALDI, Marshalls, and more.
    Request Owner's contact information
    4025 Richmond Rd Warrensville Heights, OH 44122
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4025 Richmond Rd
    Warrensville Heights, OH 44122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4025 Richmond Rd Warrensville Heights, OH 44122
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Zack Sogoloff
    Zack Sogoloff
    Real Estate License ID: SAL.0000436288
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!