Financial
Distress signals
Property profile

23775 Commerce Park Beachwood, OH 44122

FOR SALE
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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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

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

· Sep 2026
$2.07M
$1.86M – $2.28M
AI approach$2.04M
Sales comparison$1.91M
NOI build-up
Gross scheduled income$372k
Vacancy & credit loss−$91k
Operating expenses−$70k
NOI · 12.04% cap applied$211k

Realmo valuation models over county records and 6 qualifying comparable sales.

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
Qualifying comparables6

Cap rate analysis

How does the asset earn?
12.04%
$211k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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