8300 Dow Cir Strongsville, OH 44136
- Office buildings
- 35,560 SF
- 3.26 lot acres
Current Use by Public Records
- Office buildings
Property Details for 8300 Dow Cir
- Year built
- 1983
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.26 lot acres
- Property size
- 35,560 SF
- Zone code
- RD
- Property type
- Office buildings
- APN
- 395-12-003
- APU
- 39512003
Description
Tech Park I, located at 8300 Dow Cir, Strongsville, OH 44136, offers 23,000 square feet of vacant office space in a prime location. This single, two-story building, built in 1983, sits on 3.26 acres and boasts 35,000 total square feet. The space features 9-12 foot ceilings and is divisible to a minimum of 2,400 square feet, with a maximum contiguous space of 23,000 square feet. The property includes ample parking with 100 spaces and two elevators. The building is zoned for Office, R&D, and Warehouse use, making it suitable for a variety of businesses. Conveniently located near I-71, the Ohio Turnpike (I-80), and I-90, it offers easy access to Cleveland-Hopkins International Airport and downtown Cleveland. The property features numerous offices, conference rooms, a lab area, kitchen, and restrooms, allowing for flexible layouts. Common area maintenance (CAM) is approximately $1.25 per square foot and includes water/sewer, snow removal, insurance, common electric, parking lot maintenance, landscaping, fire protection, and building repairs. Tenants are responsible for gas/electric/trash/interior security and HVAC routine maintenance. A new roof was installed in 2018. The average household income within a one-mile radius exceeds $100,000. Rent abatement is available. The property is currently partially occupied by Lumitex and is situated in a thriving office park with notable companies nearby. Subdivision options are available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,630,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,955,000
- 6.5%
- $2,255,000
- 7%
- $2,185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,710,000
- Geo Method
- $1,980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,080,000
- Retail
- $2,465,000
- Mixed-Use
- $2,015,000
- Hospitality
- $2,440,000
- Educational
- $1,855,000
- Residential Income
- $2,195,000
- Energy
- $2,595,000
- Income-Based Land
- $2,465,000
- Food Service
- $2,210,000
Location Insight
- Map
- Local Demand
- City
- Strongsville
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8073
- Latitude
- 41.3479
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
