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    24261 Cedar Rd Lyndhurst, OH 44124

    • Retail properties
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 24261 Cedar Rd

    Property type
    Retail properties
    Property subtype
    Freestanding property

    Description

    This exceptional 4,116 square foot freestanding building presents a unique opportunity in the thriving Legacy Village of Lyndhurst, Ohio. Located at 24261 Cedar Rd, 44124, this property sits on a 0.62-acre lot and boasts convenient drive-thru lanes, a highly desirable feature for many retail businesses. Previously occupied by Fifth Third Bank, the building is classified as Class B and offers a flexible tenancy structure

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lyndhurst
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5055
    Latitude
    41.502

    Comparable in this City

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      5700 Mayfield Rd

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      5141 Mayfield Rd

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    • Value Estimation by Request

      1371 Som Center Rd

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    • Value Estimation by Request

      1253 Som Center Rd

      Retail properties
      1253 Som Center Rd, Mayfield Heights, OH 44124
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    • Value Estimation by Request
      10,880 SF

      5402 Mayfield Rd

      Retail properties • 10,880 SF
      5402 Mayfield Rd, Lyndhurst, OH 44124
      View Details

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    Similar Nearby for Lease

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      4,116 SF

      Legacy Village Freestanding Retail

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    24261 Cedar Rd
    Lyndhurst, OH 44124
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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
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