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Property profile

23775 Commerce Park Beachwood, OH 44122

OFF-MARKET
Office buildings
Property ID
US66-1516720
19,622 SF 1.79 ac lot Built 1985
Last sale Mar 2021 · $1,520,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 23775 Commerce Park in Beachwood, Ohio is an office complex totaling 18,000 square feet located on a 1.79-acre lot. The complex is situated within an established commerce park and includes multiple office suites, with one suite of 2,150 square feet that has been recently renovated. The property’s layout supports office use and has existing tenant occupancy at approximately 88%.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$43k
Tax billed · 2023
Assessed value$532k
Assessed land$128k
Assessed improvement$404k
Effective rate8.07%

Value estimate

· Nov 2026
$2.07M
$1.86M – $2.28M
AI approach$2.04M
Submarket $/SF estimate$1.91M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$110/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$60 – $160

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
U-8
It is the intent of this Chapter (Class U-8 District) to provide for and encourage the reuse and redevelopment of the existing industrial...
General categoryMIXED_USE
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop14.2
Auto Parts Store12.7
Storage Facility11.1

Location

23775 Commerce Park Beachwood, OH 44122-5836
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
28790 Chagrin, Woodmere, OH 44122-4638 $5,900,000 May 2024 16,005 SF
23715 Mercantile, Beachwood, OH 44122-5933 $1,150,000 Sep 2021 15,160 SF
25200 Chagrin, Beachwood, OH 44122-5685 $3,272,800 Aug 2021 30,943 SF
24075 Commerce, Beachwood, OH 44122-5823 $1,475,000 Apr 2020 19,980 SF
23625 Commerce, Beachwood, OH 44122-5845 $1,255,000 Apr 2020 24,844 SF
24755 Highpoint, Beachwood, OH 44122-6056 $1,600,000 Sep 2019 12,264 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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