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Property profile & analytics
OFF-MARKET
Neighborhood centers

30950 Pinetree Rd Cleveland, OH 44124

93,723 SF Built 1961
Property ID
Property summary
AI-generated overview

Landerwood Plaza, located at 30950 Pinetree Rd in Cleveland, Ohio 44124, presents a compelling investment opportunity. This two-story, 93,723 square foot retail and traditional office property, built in 1961 and renovated in 2018, sits on an expansive 11.93-acre lot. The property features a total of 20 suites, with a minimum divisible space of 230 square feet and a maximum contiguous space of 6,258 square feet. Currently, 11,540 square feet are vacant, offering significant potential for immediate income generation. The property's strategic location within Pepper Pike's financial and business district provides a convenient "work, shop, and dine" experience for tenants and customers. Its traditional office and strip center subtype caters to a diverse range of businesses. The property's multiple tenancy structure offers flexibility and diversification of income streams. This well-maintained property presents a rare opportunity to acquire a substantial commercial space in a prime location with significant upside potential. The property's size and layout provide ample opportunity for expansion or redevelopment. The existing infrastructure and recent renovations minimize immediate capital expenditure needs. This is an excellent opportunity for investors seeking a strong return on investment in a thriving commercial area.

Property profile
Verified
Property type Neighborhood centers
Year built 1961
Total area 93,723 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Chase Mortgage Loan Service Bank
  • Chase Bank Bank Loan Service
  • Chase ATM Atm
  • Simone Lynne Daniel - Chase Home Lending Advisor - NMLS ID 425470 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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