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    7550 Lucerne Dr Middleburg Heights, OH 44130

    Sponsored
    For Lease
    $17 SF/Yr

    Modern Office Suites, Abundant Amenities

    Lot size:
    55,236 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Islander I, a four-story, 55,236 square foot office building in Middleburg Heights, Cuyahoga County, offers a blend of traditional and creative office spaces. Built in 1978 and extensively renovated in 2023, this multi-tenant property boasts a fresh, updated aesthetic. The building features newly renovated lobbies and tenant corridors, creating a welcoming and professional atmosphere. Individual suites range from 381 to 3,999 square feet, with a minimum divisible space of 1,100 square feet, providing flexibility for various business needs. Twelve spaces are currently available. Amenities are extensive and include a state-of-the-art executive conference room, a fully equipped fitness center, a refreshing swimming pool, and tennis courts for recreational use. A large meeting room, capable of accommodating up to 50 people, is also available for tenant use. On-site management and engineering teams ensure smooth operations and efficient maintenance. The building is conveniently located near Pearl Road, offering easy access to major transportation routes. This exceptional property presents a unique opportunity for businesses seeking modern, well-appointed office space in a desirable location.

    Property Features for 7550 Lucerne Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    55,236 SF
    Total Rate
    78251

    Building Details

    Year Built/Renovated
    1978/2023
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 110
    Size
    2,911 SF
    Rate per SF
    $17
    Space
    Suite 103
    Size
    1,100 SF
    Rate per SF
    $17
    Space
    Suite 106
    Size
    1,277 SF
    Rate per SF
    $17
    Space
    Suite 112
    Size
    381 SF
    Rate per SF
    $17
    Space
    Suite 115
    Size
    1,384 SF
    Rate per SF
    $17
    Space
    Suite 203
    Size
    1,102 SF
    Rate per SF
    $17
    Space
    Suite 205
    Size
    2,960 SF
    Rate per SF
    $17
    Space
    Suite 302
    Size
    1,896 SF
    Rate per SF
    $17
    Space
    Suite 303
    Size
    1,674 SF
    Rate per SF
    $17
    Space
    Suite 401
    Size
    3,861 SF
    Rate per SF
    $17
    Space
    Suite 405
    Size
    3,999 SF
    Rate per SF
    $17
    Space
    Suite 407
    Size
    1,156 SF
    Rate per SF
    $17

    HighLights

    • 55,236 square foot office building with multiple tenancies.
    • Recently renovated in 2023 (including lobbies and corridors).
    • Offers 12 available spaces ranging from 381 to 3,999 square feet.
    • Features a new executive conference room, fitness center, swimming pool, and tennis courts.
    • Includes a 50‑person meeting room, on‑site management, and engineers.
    • Located in Middleburg Heights, Cuyahoga County, near Pearl Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    Middleburg Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.813779
    Latitude
    41.355564

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      Islander II Office Building: Middleburg Heights

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    FAQs

    What type of property is this?
    Office space - Modern Office Suites, Abundant Amenities
    Where is this office space located?
    The property is located at 7550 Lucerne Dr Middleburg Heights, OH.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 55,236 square foot office building with multiple tenancies.; Recently renovated in 2023 (including lobbies and corridors).; Offers 12 available spaces ranging from 381 to 3,999 square feet.
    Request Owner's contact information
    7550 Lucerne Dr Middleburg Heights, OH 44130
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    Middleburg Heights, OH 44130
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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
    7550 Lucerne Dr Middleburg Heights, OH 44130
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