Property profile

1350 Bagley Rd Berea, OH 44017

OFF-MARKET
Office buildings
Property ID
US66-4575286
3,500 SF 0.76 ac lot Built 1987
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This single-story, 3,000 square foot medical office building in Berea, Ohio, offers a fantastic opportunity for medical professionals or office tenants. Located at 1350 W Bagley Rd, in Cuyahoga County, this freestanding building sits on a 6.64-acre lot and enjoys a prominent position at the Bagley Commons entrance. Built in 1987, the property features a total of 10 parking spaces, providing ample convenience for patients and staff. Currently, there is one suite available, totaling 500 contiguous square feet, ideal for a smaller practice or office. The building's zoning is Commercial, and the building's Floor Area Ratio (FAR) is 0.01. The entire building comprises a single suite, offering a unique opportunity for a sole occupant or a smaller group seeking a dedicated space. This property presents a rare chance to establish a presence in a well-located and established commercial area. The property's single-story design ensures easy accessibility, while the ample parking ensures convenience for all. Interested parties should act quickly to secure this prime medical office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Construction TYPE NOT SPECIFIED
Total area 3,500 SF
Lot 0.76 ac (33,079 SF)
APN 361-32-018
UPID US66-4575286

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
  • Pediatrician Physician
  • Pediatrician Physician
  • Pediatrician Physician
  • Pediatrician Physician
  • Pediatrician Physician

Location

1350 Bagley Rd Berea, OH 44017-2912
Berea metro Census 134203 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
$615k
Comparable Approach Comparable
by Request
Blend (final) Blend
$855k

Owner & transaction history

since 2023
Last sale
$726,500
1 recorded transaction
2023
$726,500

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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