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    FOR LEASE
    Medical Office Space

    1055 W Royalton Rd, Broadview Heights, OH 44147

    4,550 SF 0.57 ac lot Built 2018
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US66-1906222
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2018
    Total area 4,550 SF
    Lot 0.57 ac (25,000 SF)
    Zoning code SPDA
    APN 583-04-022
    UPID US66-1906222
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $315k
    CAP Approach CAP
    $695k
    Comparable Approach Comparable
    $586k
    Blend (final) Blend
    $505k
    Owner & transaction history
    Akbar Properties LLC · 12 yrs held
    Akbar Properties LLC
    since 2014
    4 recorded transactions
    2014
    $235,000
    2011
    $125,000
    2011
    $120,000
    1969
    Zoning & alternative use
    SPDA · Broadview Heights, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $735,000 +48.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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