1055 W Royalton Rd Broadview Heights, OH 44147
Property Lookup
Property profile & analytics
1055 W Royalton Rd Broadview Heights, OH 44147
- Medical Office Space
- 4,550 SF
- 0.57 lot acres
Property ID
US66-1906222
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 1055 W Royalton Rd
- Year built
- 2018
- Lot size
- 0.57 lot acres
- Property size
- 4,550 SF
- Zone code
- SPDA
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 583-04-022
- APU
- 58304022
Description
This exceptional 2,250 square foot retail space, located at 1055 W Royalton Rd in Broadview Heights, Ohio, presents a unique investment opportunity. Built in 2018, the property is part of a single-building, multi-tenant complex with a total of two suites. The building enjoys a prime location within a high-traffic retail corridor, boasting excellent visibility from Royalton Road and adjacent Broadview Road. The property benefits from prominent monument signage, enhancing its appeal and brand recognition. The space is currently vacant and ready for immediate occupancy. Situated in Cuyahoga County, Broadview Heights is a thriving suburb of Cleveland, characterized by a high average household income, making it an attractive market for businesses. This modern building offers a fantastic opportunity for medical or office tenants seeking a well-located, easily accessible space in a prosperous community. The 2,250 square foot space provides ample room for a variety of uses, and its recent construction ensures modern amenities and efficient layouts. The zip code is 44147. This property is ideal for businesses seeking high visibility and access to a strong consumer base.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $315,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $755,000
- 6.5%
- $695,000
- 7%
- $645,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $586,000
- AI Estimate
- $418,000
Market price range: $266k - $750kMarket price range: $155k - $544k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $495,000 Current use
- OFFICE BUILDING
- $735,000 Change: +49% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $460,000 Change: -7% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $405,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Broadview Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6861
- Latitude
- 41.3134
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,721
$70,000
$129,220
$199,220
-
$200,000
$369,200
$569,200
