8388 Dow Cir Strongsville, OH 44136
- Office buildings
- 2,240 SF
- 2.21 lot acres
Current Use by Public Records
- Office buildings
Property Details for 8388 Dow Cir
- Year built
- 1995
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.21 lot acres
- Property size
- 2,240 SF
- Zone code
- RD
- Property type
- Office buildings
- APN
- 395-13-036
- APU
- 39513036
Description
This exceptional 12,490-square-foot industrial property in Strongsville, Ohio, presents a compelling investment opportunity. Situated on a 2.21-acre lot, this single-story, 1996-built building offers significant potential. Originally constructed for Iron Mountain Data Storage, the property features a spacious 9,650-square-foot warehouse and a 2,840-square-foot office area. The warehouse boasts 100% climate-controlled (AC) environment, ensuring optimal conditions for various uses. High ceilings range from 12'9" to 17'6", providing ample vertical space. Three 12' x 12'6" drive-in doors facilitate efficient loading and unloading, complemented by an enclosed concrete truck court. The property's Research and Development zoning allows for diverse applications. Its convenient location, just 10 minutes from Cleveland International Airport and near retail amenities, adds to its appeal. The expansive lot offers room for future expansion. Priced at $1,100,000 ($88.07/sq ft), this property represents a strong value proposition in a desirable location. The property's features include climate control, high ceilings, ample drive-in doors, and a convenient location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $585,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $465,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $480,000
- Geo Method
- $520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $335,000
- Mixed-Use
- $355,000
- Hospitality
- $410,000
- Educational
- $450,000
- Residential Income
- $435,000
- Energy
- $355,000
- Income-Based Land
- $350,000
- Food Service
- $390,000
Location Insight
- Map
- Local Demand
- City
- Strongsville
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8056
- Latitude
- 41.3462
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA