Property profile

115 Lincoln Ave Berea, OH 44017

OFF-MARKET
Office buildings
Property ID
US66-0120566
3,050 SF 0.86 ac lot Built 1989
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

A commercial office building located on a 0.8637-acre lot with 3,050 square feet of workspace. The interior layout includes four private offices and a larger conference room that can be divided to create separate meeting/training areas. The building has a main lobby and is positioned for access to I-71, with proximity to downtown Berea, Baldwin Wallace University, and Cleveland-Hopkins Airport. The configuration supports uses such as a professional services firm, nonprofit organization, or medical practice, and can function for business expansion or a satellite office setup.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction TYPE NOT SPECIFIED
Total area 3,050 SF
Lot 0.86 ac (37,622 SF)
Zoning code LI
APN 362-12-020
UPID US66-0120566

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm

Location

115 Lincoln Ave Berea, OH 44017-1623
Berea metro Census 134204 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2025
Last sale
$365,000
4 recorded transactions
2025
$365,000
2021
$260,000
2008
$132,500
1999
Price N/A

Zoning & alternative use

LI · Berea, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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