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    5500 Wallings Rd North Royalton, OH 44133

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Office & Retail Space Available

    Lot size:
    43,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-story, 43,900 square foot commercial property, located at 5500 Wallings Road in North Royalton, Ohio, presents a unique investment opportunity. The building, situated on a 4.84-acre lot, features a mix of retail and office space, currently offering 7,197 square feet of vacant space. The property is zoned LB and is conveniently located at the northwest corner of State Road and Wallings Road, providing excellent visibility and accessibility. The site boasts a substantial 247-space parking lot, ensuring ample parking for tenants and customers. The building is anchored by Discount Drug Mart, providing a strong draw for foot traffic. Available space ranges from a minimum of 1,260 square feet to a maximum contiguous space of 5,937 square feet, making it suitable for a variety of businesses. The property benefits from easy access to I-77, enhancing its appeal to commuters and businesses. Recent improvements include a new storefront and patio. The high traffic count of 21,668 vehicles per day (ADT) on Wallings Road and State Road further underscores the property's prime location and potential for success. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Cuyahoga County market. The property's features, including ample parking and high visibility, make it an ideal location for a variety of businesses. Contact us today to learn more about this exceptional opportunity.

    Property Features for 5500 Wallings Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,900 SF
    Total Rate
    47558.33

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 2
    Size
    5,937 SF
    Rate per SF
    $13

    HighLights

    • Discount Drug Mart‑anchored retail center.
    • 7,197 square feet of available space.
    • Up to 5,937 contiguous square feet available.
    • Office/retail space from 1,260 square feet available.
    • High‑visibility location at the northwest corner of State Road and Wallings Road.
    • Easy access to I‑77.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Royalton
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.725537
    Latitude
    41.3315646

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Office & Retail Space Available
    Where is this neighborhood center located?
    The property is located at 5500 Wallings Rd North Royalton, OH.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Discount Drug Mart-anchored retail center.; 7,197 square feet of available space.; Up to 5,937 contiguous square feet available.
    Request Owner's contact information
    5500 Wallings 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
    5500 Wallings Rd North Royalton, OH 44133
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