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    4844 Richmond Rd Warrensville Heights, OH 44122

    For Sale
    Contact for pricing

    3-Acre Development Site in Warrensville Heights

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3-acre development site, located at 4844 Richmond Road in Warrensville Heights, Ohio (zip code 44122), presents a unique opportunity for investors and developers. The property boasts a flexible buildable square footage ranging from 20,000 to 60,000 square feet, offering significant potential for a variety of commercial projects. Its strategic location on Richmond Road, between Miles Road and Emery Road, ensures high visibility and accessibility. The site benefits from convenient access to major transportation arteries, including I-271, I-480, and SR 422, facilitating seamless commutes and logistics. Furthermore, this property is situated within an Opportunity Zone, providing potential tax advantages for qualified investors. The land includes a 2.5-acre parcel with a full cross easement for ample parking, addressing a key concern for many commercial developments. The surrounding area features a vibrant mix of established businesses, including Jimmy Johns, Lavish Color Salon, Choice Cabinet, Huntington Bank, and Don Ramon Mexican Restaurant, indicating a strong and growing commercial presence. This prime location and flexible development options make this 3-acre parcel an ideal investment for those seeking a high-impact commercial project in a thriving Ohio community. Cuyahoga County location offers additional benefits.

    Property Features for 4844 Richmond Rd

    General Information

    Property type
    Land
    Square Feet
    20,000 SF
    Lot Size
    130,680 SF

    HighLights

    • 20,000‑60,000 SF land available for sale or build‑to‑suit.
    • Located in an Opportunity Zone.
    • 2.5‑acre site with ample cross‑easement parking.
    • Richmond Road location between Miles Road and Emery Road.
    • Excellent access to I‑271, I‑480, and SR 422.
    • Strong tenant synergy with nearby Jimmy Johns, Lavish Color Salon, Choice Cabinet, Huntington Bank, and Don Ramon Mexican Restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Warrensville Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.499341
    Latitude
    41.42788

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    FAQs

    What type of property is this?
    Land - 3-Acre Development Site in Warrensville Heights
    Where is this land located?
    The property is located at 4844 Richmond Rd Warrensville Heights, OH.
    What are key features of this property?
    This property features: 20,000-60,000 SF land available for sale or build-to-suit.; Located in an Opportunity Zone.; 2.5-acre site with ample cross-easement parking.
    (216) 514-1400
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    4844 Richmond Rd Warrensville Heights, OH 44122
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    Warrensville Heights, OH 44122
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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
    4844 Richmond Rd Warrensville Heights, OH 44122
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