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    19300 Detroit Rd Rocky River, OH 44116
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    19300 Detroit Rd, Rocky River, OH 44116

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    • Lifestyle centers
    • 97,160 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 19300 Detroit Rd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Beachcliff Market Square, located at 19300 Detroit Rd in historic downtown Rocky River, Ohio, presents a prime retail and office opportunity. This multi-tenant property boasts a total of 97,160 square feet, offering a blend of retail and executive office spaces. Currently, there are two available executive office suites ranging from 3,000 to 3,441 contiguous square feet, totaling 6,441 square feet of vacant space. The property's convenient location, just one mile from I-90 and ten miles from downtown Cleveland, ensures excellent accessibility. The property's APN is 301-18-039. This presents a unique chance to establish a presence in a thriving community with strong local traffic and visibility. The building's executive office spaces are ideal for businesses seeking a professional and well-located environment. The available space offers flexibility for various business needs, with the largest contiguous space measuring 3,441 square feet. This property is situated in the 44116 zip code of Rocky River.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rocky River
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8368
    Latitude
    41.4814

    Comparable in this City

    • Value Estimation by Request
      88,621 SF

      19801 Detroit Rd

      Lifestyle centers
      19801 Detroit Rd, Rocky River, OH 44116
      View Details
    • Value Estimation by Request
      242,385 SF

      21653 Center Ridge Rd

      Power centers
      21653 Center Ridge Rd, Rocky River, OH 44116
      View Details
    • Value Estimation
      $11,965,000
      127,458 SF

      21810 Ctr Rdg Rd, Unit 22200

      MINI-MALL
      21810 Ctr Rdg Rd, Rocky River, OH 44116-3921
      View Details
    • Value Estimation
      $7,915,000
      71,739 SF

      21605 Ctr Rdg Rd

      MINI-MALL
      21605 Ctr Rdg Rd, Rocky River, OH 44116-3917
      View Details
    • Value Estimation
      $1,220,000
      10,530 SF

      19930 Detroit Rd

      SHOPPING CENTER, STRIP CENTER
      19930 Detroit Rd, Rocky River, OH 44116-1837
      View Details
    • Value Estimation
      $1,005,000
      10,600 SF

      19565 Detroit Rd

      SHOPPING CENTER, STRIP CENTER
      19565 Detroit Rd, Rocky River, OH 44116-1849
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      226,155 SF

      Retail Space in Rocky River

      Retail spaces available in a busy Rocky River location.
      21653 Center Ridge Rd, Rocky River, OH 44116
      View Details
    • Contact for pricing
      2,340 SF

      Rocky River Multifamily Investment Opportunity

      Well-maintained multifamily property with income potential in desirable Rocky River.
      19658 Hilliard Blvd, Rocky River, OH 44116
      View Details
    • $399,000
      2,340 SF

      Rocky River Multifamily Investment Opportunity

      Well-maintained duplex with income potential in desirable Rocky River.
      19658 Hilliard Blvd, Rocky River, OH 44116
      View Details
    • $250,000
      Pending

      Rocky River Vacant Lot Opportunity

      Vacant lot with picturesque views, ideal for custom home.
      Riverdale Dr, Rocky River, OH 44116
      View Details
    • $139,000
      0.07 Acres

      Residential Land in Rocky River

      Land for sale in Rocky River, Ohio.
      416 Riverdale Dr, Rocky River, OH 44116
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Rocky River

      Retail spaces available in Westwood Town Center, Rocky River.
      21653 Center Ridge Rd, Rocky River, OH 44116
      View Details
    • Contact for pricing
      4,500 SF

      Prime Retail Space in Rocky River

      Retail space with high visibility in affluent Rocky River.
      19801 Detroit Rd, Rocky River, OH 44116
      View Details
    • Contact for pricing
      2,100 SF

      Retail and Office Space Available

      Ground floor retail and second floor office/medical space for rent.
      19290-19300 Detroit Rd, Rocky River, OH 44116
      View Details
    • Contact for pricing
      3,441 SF

      Retail and Office Space Available

      Ground floor retail and second floor office/medical space for rent.
      19290 Detroit Rd, Rocky River, OH 44116
      View Details
    • $12 SF/Yr
      51,000 SF

      20575 Center Ridge Rd

      Office Units
      20575 Center Ridge Rd, Rocky River, OH 44116
      View Details
    • Contact for pricing
      1,330 SF

      First Floor Office Opportunity

      Office suite available near shopping center in Rocky River.
      1250 Linda Ave, Rocky River, OH 44116
      View Details
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    Rocky River, OH 44116
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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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