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Property profile

5389 Royalton Rd North Royalton, OH 44133

OFF-MARKET
Retail properties & Spaces
1.15 ac lot
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Property summary

AI-generated overview

This exceptional 1.15-acre commercial development site is located in North Royalton, Ohio, at 5389 Royalton Rd, zip code 44133, Cuyahoga County. The property, with APN 487-10-135, is situated in the TC Town Center District zoning, offering significant development flexibility. Priced at $575,000, this land presents a compelling investment opportunity. The site boasts approximately 15,000 vehicles per day (VPD) in traffic counts, ensuring high visibility for any future development. Its prime location is adjacent to a Bank of America branch, further enhancing its appeal and accessibility. The property dimensions are 235.56 feet by 138.47 feet. An existing monument sign, shared with Bank of America, provides excellent roadside visibility. To facilitate the planning process, conceptual site plans and elevation renderings are available. The owner is open to selling the property outright or developing and leasing it to a qualified tenant. This presents a unique opportunity to capitalize on a high-demand market within a thriving community. This is a rare opportunity to acquire a well-positioned commercial parcel in a high barrier-to-entry market. The property is zoned for retail redevelopment, making it ideal for a variety of commercial uses.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.15 ac (50,094 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Atm Financial Consultant

Location

5389 Royalton Rd North Royalton, OH 44133
North Royalton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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