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    21245 Lorain Rd Fairview Park, OH 44126

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Fairview Park office suites available.

    Lot size:
    18,752 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 18,752-square-foot office building, situated on 0.71 acres at 21245 Lorain Rd, Fairview Park, Ohio 44126 (cross streets: Lorain and W. 220th St.), presents a unique investment opportunity. Built in 1975, this Class C property features a single building with an elevator and ample parking. Currently, 4,405 square feet of space is available for lease, encompassing multiple suites. Two prominent suites are immediately available: one offering 3,525 square feet with 14 private offices, a reception area, a large bullpen, and two private restrooms

    Property Features for 21245 Lorain Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,752 SF
    Class
    C
    Total Rate
    25002.67

    Building Details

    Year Built
    1975
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    3,525 SF
    Rate per SF
    $16
    Space
    Available Space 3
    Size
    880 SF
    Rate per SF
    $16

    HighLights

    • Exceptional two‑story, 18,752‑square‑foot office building in Fairview Park, OH.
    • Located on a 0.71‑acre lot at 21245 Lorain Rd (Lorain & W. 220th St.).
    • Built in 1975, Class C property with elevator and ample parking.
    • 4,405 square feet of office space currently available for lease, including multiple suites.
    • Two immediately available suites: one 3,525‑square‑foot suite with 14 private offices, reception area, bullpen, and two restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Fairview Park
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.85301
    Latitude
    41.44645

    Nearby Comparable

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      1,675 SF

      Retail Space Near Cleveland Airport

      Retail space available near Cleveland International Airport and Cleveland Medical Clinic.
      21649-21929 Lorain Rd, Fairview Park, OH 44126
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      Retail Space on Lorain Avenue

      Retail space available on Lorain Avenue in Cleveland, Ohio.
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    Nearby Similar for Lease

    • Contact for pricing
      10,000 SF

      Retail Space in High Traffic Area

      Retail space with excellent signage and surface parking available for rent.
      22049-22073 Lorain Rd, Fairview Park, OH 44126
      View Details
    • Contact for pricing
      5,670 SF

      Retail Space with Basement

      5,670 RSF retail space with 4,200 RSF basement.
      4425 W 220Th St, Fairview Park, OH 44126
      View Details
    • Contact for pricing
      1,675 SF

      Retail Space Near Cleveland Airport

      Retail space available near Cleveland International Airport and Cleveland Medical Clinic.
      21649-21929 Lorain Rd, Fairview Park, OH 44126
      View Details
    • Contact for pricing
      16,080 SF

      Office Space with Utilities Included

      Second floor office space available, includes all utilities.
      22021 Brookpark Rd, Fairview Park, OH 44126
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Fairview Park office suites available.
    Where is this office property / space located?
    The property is located at 21245 Lorain Rd Fairview Park, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Exceptional two-story, 18,752-square-foot office building in Fairview Park, OH.; Located on a 0.71-acre lot at 21245 Lorain Rd (Lorain & W. 220th St.).; Built in 1975, Class C property with elevator and ample parking.
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    Fairview Park, OH 44126
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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
    21245 Lorain Rd Fairview Park, OH 44126
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