Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2770 Som Ctr Rd Willoughby Hills, OH 44094
    Property profile & analytics

    2770 Som Ctr Rd Willoughby Hills, OH 44094

    View on Map
    • Medical Office Space
    • 9,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 2770 Som Ctr Rd

    Property size
    9,800 SF
    Property type
    Medical Office Space
    Property subtype
    Office Spaces

    Description

    This exceptional Class A medical office building, located at 2770 SOM Center Road in Willoughby Hills, offers 9,800 square feet of fully built-out space for lease. Situated on a prominent corner lot at the intersection of Chardon Road and SOM Center Road, this property boasts excellent visibility and accessibility. The building comprises two single-story structures, providing a total of 9,800 square feet, with a minimum divisible space of 4,000 square feet and up to 9,800 square feet available contiguously. Currently, one space is available. The interior features a welcoming lobby complete with a reception desk and large windows, enhancing natural light and creating a professional atmosphere. Medical professionals will appreciate the six fully equipped exam rooms, a functional procedure room, a dedicated recovery room, a comfortable break room, ample office space, and a convenient conference room for meetings and consultations. Adding to the convenience, a three-car attached garage provides ample parking for staff and patients. This turnkey solution is ideal for a variety of medical practices seeking a well-appointed and strategically located space. The property is perfect for a practice needing immediate occupancy. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Willoughby Hills
    County
    Lake
    State
    Ohio
    Longitude
    -81.4398
    Latitude
    41.5861

    Comparable in this City

    • Value Estimation by Request
      16,000 SF

      2770 Som Ctr Rd

      Medical Office Space • 16,000 SF
      2770 Som Ctr Rd, Willoughby Hills, OH 44094
      View Details
    • Value Estimation by Request
      4,600 SF

      38882- Mentor Ave

      Medical Office Space • 4,600 SF
      38882- Mentor Ave, Willoughby, OH 44094
      View Details
    • Value Estimation by Request
      21,826 SF

      4212 Chillicothe Rd

      Medical Office Space • 21,826 SF
      4212 Chillicothe Rd, Willoughby, OH 44094
      View Details
    • Value Estimation by Request
      1,984 SF

      35717 Euclid Ave

      MEDICAL BUILDING • 1,984 SF
      35717 Euclid Ave, Willoughby, OH 44094-4618
      View Details
    • Value Estimation
      $3,565,000
      46,531 SF

      36100 Euclid Ave

      MEDICAL BUILDING • 46,531 SF
      36100 Euclid Ave, Willoughby, OH 44094-4456
      View Details
    • Value Estimation
      $850,000
      36,018 SF

      35040 Chardon Rd

      MEDICAL BUILDING • 36,018 SF
      35040 Chardon Rd, Willoughby Hills, OH 44094-9006
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,341 SF

      Professional Office Campus on Route 20

      Two-building office campus on 4.06 acres near major routes.
      38882-38886 Mentor Ave, Willoughby, OH 44094
      View Details
    • Contact for pricing
      4,289 SF

      Medical Building on Prominent Corner

      4,289 SF medical building with high visibility for sale.
      34820-34840 Chardon Rd, Willoughby Hills, OH 44094
      View Details
    • Contact for pricing
      46,531 SF

      Medical Office Building Near Hospital

      Medical office building with stable tenancy near University Hospitals.
      36100 Euclid Ave, Willoughby, OH 44094
      View Details
    • Contact for pricing
      3,785 SF

      Versatile Commercial Property in Willoughby

      3,785 SF commercial space suitable for office or retail.
      38769 Lake Shore Blvd, Willoughby, OH 44094
      View Details
    • Contact for pricing
      52,272 SF

      Mixed-Use Development Opportunity

      Corner lot suitable for mixed-use development with commercial and residential.
      1066 Lost Nation Rd, Willoughby, OH 44094
      View Details
    • $995,000
      7,200 SF

      Mixed-Use Investment in Willoughby Hills

      Mixed-use property with residential, commercial, and loft spaces.
      37931 Vine St, Willoughby Hills, OH 44094
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,289 SF

      Willoughby Hills Medical Office Space

      Prime Ohio medical/executive suites available.
      34820 Chardon Rd, Willoughby Hills, OH 44094
      View Details
    • Contact for pricing
      3,177 SF

      Medical, Office, Flex Space Available

      Medical, office, and flex spaces available for lease.
      7200 Mentor Ave, Mentor, OH 44094
      View Details
    • Contact for pricing
      1,693 SF

      Class A Office Near I-90

      Class A office/medical building with access to I-90.
      4212 Chillicothe Rd, Willoughby, OH 44094
      View Details
    • Contact for pricing
      4,560 SF

      Medical Office Space Available

      Well-constructed office building with high traffic and strong demographics.
      37121 Euclid Ave, Willoughby, OH 44094
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease in Waite Hill, Ohio.
      38029 3Rd St, Waite Hill, OH 44094
      View Details
    • $1,200 /Mo
      127,761 SF

      Willoughby Commercial Space For Lease

      Office, retail, and warehouse spaces available in Kirtland Shopping Plaza.
      9177 Chillicothe Rd, Willoughby, OH 44094
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2770 Som Ctr Rd
    Willoughby Hills, OH 44094
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2770 Som Ctr Rd, Willoughby Hills, OH, 44094
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!