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Property profile & analytics
OFF-MARKET
Warehouses

16500 Chagrin Blvd Shaker Heights, OH 44120

26,143 SF Built 1990
Property ID
Property summary
AI-generated overview

This exceptional 26,143 square foot Class B commercial property, situated on 1.5 acres in Cuyahoga County, offers a unique blend of medical office and warehouse space. Built in 1990, the single, two-story building features a convenient drive-in bay and elevator access. Currently, 2,376 square feet of space is immediately available for lease, representing a minimum divisible unit. The property is zoned CM and boasts a desirable location with high traffic visibility, allowing for prominent exterior signage. The available suite, Suite 202, is located on the second floor and includes a private entryway and six exam rooms, making it ideal for a variety of medical practices. Potential tenants will benefit from a rent abatement and a generous tenant improvement allowance, providing an opportunity to customize the space to their specific needs. Further enhancing the property's appeal are planned exterior and landscaping improvements. The building's multi-tenant configuration provides flexibility, with the total building size offering significant expansion potential for growing businesses. This versatile property combines the functionality of a medical office with the added benefit of warehouse/garage space, presenting a rare opportunity in a thriving market.

Property profile
Verified
Property type Warehouses
Year built 1990
Total area 26,143 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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