Property profile

1261 Royalton Rd Broadview Heights, OH 44147

OFF-MARKET
Medical Office Space
Property ID
US66-1562538
7,560 SF 3.86 ac lot Built 2022
Individually Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2022
Total area 7,560 SF
Lot 3.86 ac (168,141 SF)
Zoning code C-3
APN 583-04-014
UPID US66-1562538

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
  • Physician
  • Physician
  • Eye Care Center Optician

Location

1261 Royalton Rd Broadview Heights, OH 44147-2407
Broadview Heights metro Census 136104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2021
Last sale
$245,000
4 recorded transactions
2021
$245,000
2013
Price N/A
2001
Price N/A
2000
$941,400

Zoning & alternative use

C-3 · Broadview Heights, OH
Zoning description

The purpose of the C-3 Office Space District is to provide areas within the city devoted exclusively to professional services, banking and other similar financial services, and the management of commercial, industrial, p…

General category INDUSTRIAL

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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