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    6000 Royalton Rd North Royalton, OH 44133
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    6000 Royalton Rd, North Royalton, OH 44133

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    • Shopping malls
    • 15,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shopping malls

    Property Details for 6000 Royalton Rd

    Property type
    Shopping malls
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 15,000-square-foot retail space is ideally situated at 6000 Royalton Road in Cuyahoga County. Currently vacant and available for lease, this single-tenant property presents a unique opportunity for a business seeking a substantial and highly visible location. The entire 15,000 square feet is available, offering unparalleled flexibility for a wide range of retail concepts. The property's classification as a shopping mall and commercial space suggests a high-traffic area with potential for significant customer reach. The building's size and layout are conducive to a variety of retail uses, from large-format stores to multi-unit spaces. This property is perfect for a business looking to establish a strong presence in a bustling commercial area. Its single-tenant occupancy ensures complete control and customization of the space. The location within Cuyahoga County offers access to a substantial consumer base and strong infrastructure. Interested parties are encouraged to inquire for further details and leasing information to explore the possibilities this prime retail space offers. This is a rare opportunity to secure a significant retail footprint in a desirable location. Don't miss out on this chance to establish your business in a high-traffic area with excellent visibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Royalton
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7264
    Latitude
    41.3149

    Comparable in this City

    • Value Estimation
      $840,000
      21,500 SF

      13000 Royalton Rd

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    • Value Estimation
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      28,500 SF

      9199 Sprague Rd, Unit 9391

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    • Value Estimation
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      14,700 SF

      5253 Wallings Rd

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    • Value Estimation
      $1,590,000
      43,900 SF

      5500 Wallings Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      5500 Wallings Rd, North Royalton, OH 44133-3030
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    • Value Estimation by Request
      6,520 SF

      8735 Rdg Rd

      SHOPPING CENTER, STRIP CENTER
      8735 Rdg Rd, North Royalton, OH 44133-1861
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    • Value Estimation
      $690,000
      10,500 SF

      10009 130th St

      SHOPPING CENTER, STRIP CENTER
      10009 130th St, North Royalton, OH 44133-1048
      View Details

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      Retail Space on Royalton Road

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      Retail Space in North Royalton

      Retail spaces available in growing North Royalton suburb.
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      Retail Space For Lease

      Retail space available for lease in North Royalton, OH.
      6000 Royalton Rd, North Royalton, OH 44133
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      Office Suite in North Royalton

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      North Royalton Office Space Available

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    North Royalton, OH 44133
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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