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Property profile & analytics

12797 Mayfield Rd Chardon, OH 44024

  • Strip malls
  • 16,992 SF
  • 2.01 lot acres
Value Estimation
$580,000
Last Sale
Jan 25, 2023
$450,000
Location Intelligence
Property ID
US66-6066728
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.

Current Use by Public Records

  • Strip malls

Property Details for 12797 Mayfield Rd

Year built
1962
Lot size
2.01 lot acres
Property size
16,992 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
13-002900
APU
13002900

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $635,000
  • CAP approach

    CAP return
    Estimation
    6%
    $585,000
    6.5%
    $520,000
    7%
    $505,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $595,000
    Geo Method
    $630,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $495,000
    Retail
    $525,000
    Mixed-Use
    $560,000
    Hospitality
    $540,000
    Educational
    $455,000
    Residential Income
    $515,000
    Energy
    $510,000
    Income-Based Land
    $540,000
    Food Service
    $505,000

Location Insight

  • Map
  • Local Demand
City
Chardon
County
Geauga
State
Ohio
Longitude
-81.1804
Latitude
41.5334
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
$11,357
$30,630
$147,320
$177,950
-
$87,500
$420,900
$508,400
More about this property
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