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Property profile & analytics
OFF-MARKET Estimated value $520,000
Strip malls

12797 Mayfield Rd Chardon, OH 44024-8357

16,992 SF 2.01 ac lot Built 1962
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-6066728
Property summary
AI-generated overview

Claridon Plaza, located at 12797 Mayfield Road, offers exceptional retail space for lease. This Class B property, encompassing 16,922 square feet on a 2.01-acre lot, is undergoing a significant renovation under new ownership. Improvements include a completely new parking lot, updated roofs, a refurbished canopy, and a comprehensive interior unit renovation designed to elevate the space to Class A standards. The property features multiple tenancies, with flexible space options ranging from a minimum of 500 square feet to a maximum contiguous space of 16,500 square feet. Currently, there are units available ranging from 1,000 to 8,000 square feet, ideal for a variety of retail businesses. The property's adaptability makes it suitable for a wide range of tenants seeking flexible and modern retail space. The absence of elevators should be noted. This revitalized plaza presents a unique opportunity for businesses seeking a high-visibility location with ample parking and updated amenities. The extensive renovations ensure a modern and attractive environment for both tenants and customers. Contact us today to learn more about leasing opportunities and explore how this prime retail space can benefit your business.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1962
Total area 16,992 SF
Lot 2.01 ac (87,556 SF)
APN 13-002900
UPID US66-6066728
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
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$520k
Owner & transaction history
H And H Property Group LLC · 3 yrs held
H And H Property Group LLC
since 2023
Last sale
$450,000
7 recorded transactions
2025
Price N/A
2023
$450,000
2006
$750,000
1997
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $835,000 +69.3%
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