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    21600 Drake Rd Strongsville, OH 44149

    Sponsored
    For Lease
    Contact for pricing

    Single-tenant industrial warehouse; 22 acres.

    Lot size:
    40,130 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 40,130-square-foot industrial warehouse is situated on a substantial 22.44-acre lot in the southwest submarket of Cuyahoga County, Ohio. Located at 21600 Drake Road, Strongsville, this single-tenant property boasts a Class B designation and was constructed in 1979. The building comprises a single story with an impressive 18-foot ceiling height, providing ample space for various industrial operations. Its zoning classification is GI. The property's parcel number (APN) is 39404006. Previously used as a chemical mixing and distribution center, this warehouse presents a unique opportunity for businesses seeking a large, well-located industrial space. The building's single-tenant occupancy simplifies management and offers potential for long-term lease stability. The expansive lot size offers significant potential for future expansion or outdoor storage. This property is an ideal choice for companies requiring substantial warehouse space in a convenient and established industrial area. Interested parties should note the property's history as a chemical mixing and distribution center and conduct their own due diligence regarding any potential environmental concerns.

    Property Features for 21600 Drake Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,130 SF
    Class
    B

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    40,130 SF

    HighLights

    • 21600 Drake Road, Strongsville, OH, situated in the southwest Cuyahoga County submarket.
    • Previously used as a chemical mixing and distribution center.
    • Single‑tenant industrial warehouse.
    • 40,130 square feet.
    • 22.44‑acre lot.
    • Class B building, built in 1979.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Strongsville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8647591
    Latitude
    41.2906696

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    FAQs

    What type of property is this?
    Distribution property - Single-tenant industrial warehouse; 22 acres.
    Where is this distribution property located?
    The property is located at 21600 Drake Rd Strongsville, OH.
    What are key features of this property?
    This property features: 21600 Drake Road, Strongsville, OH, situated in the southwest Cuyahoga County submarket.; Previously used as a chemical mixing and distribution center.; Single-tenant industrial warehouse.
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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
    21600 Drake Rd Strongsville, OH 44149
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