Entity Owned Property summary
This exceptional redevelopment opportunity presents a 51,000 square foot, five-story Class B office building situated on a highly desirable 1.53-acre lot in Rocky River, Ohio. Currently operating as a multi-tenant property with 12 tenants and 60% occupancy (as of November 6, 2023), the building offers immediate cash flow with flexible lease terms. The property boasts 130 parking spaces and enjoys a prominent 150-foot frontage on Center Ridge Road, directly adjacent to the Westgate Shopping… Center. The OB1 zoning with a multi-family overlay allows for significant redevelopment potential, capitalizing on the affluent demographics and recent retail redevelopment in the area. The building, constructed in 1959, has undergone renovations in 2021 and 2022, including all new common area finishes since 2020, a new boiler in 2022, and AC mechanical upgrades in 2023. The current Net Operating Income (NOI) is $210,000, with a pro-forma NOI of $360,000 reflecting the redevelopment potential. The asking price is $2,600,000, representing a current cap rate of 8.08% and a pro-forma cap rate of 13.85%. High traffic counts on Center Ridge Road (15,450 VPD), Linden Road (13,050 VPD), and West 210th Street (15,712 VPD) further enhance the property's value. The Center Ridge Road Master Plan is fully approved, and the site's strategic location is underscored by a recent $3.5 million land acquisition by Chase Bank across the street. This presents a unique chance to acquire a valuable asset with immediate income and substantial long-term upside. The property features 45,000 square feet of net rentable space, and rent bumps are available. The APN is 304-19-006.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
District is to provide sufficient areas, in appropriate and convenient locations, for professional, administrative, and medical offices as well as mixed use development and the exchange of services
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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