16363 Pearl Rd, Strongsville, OH 44136-6002
This 7,740 square foot multi-tenant office building in Strongsville, Ohio, presents a unique investment opportunity. Priced at $799,000 ($103.23/SF), the property boasts a desirable location, situated on 0.79 acres, 1.2 miles south of the Royalton Road and Pearl Road intersection, adjacent to St. John Neumann Catholic Church and across from Marc's grocery store. The building features approximately 133 parking spaces and is conveniently located 3.5 miles from the I-71 interchange. Built in 1983, the property includes a newer roof (8 years old), five furnaces, and five AC condenser units. The building is currently divided into three pods, offering diverse tenancy. Pod 1 houses Whispering Pines Nature Spa, Wishful Blinking, and Real Estate Excellence Group LLC. Pod 2, a 2,160 square foot suite currently occupied by an orthodontics practice, is available and ideally suited for dental or orthodontic use, featuring a reception area, six dental chairs, labs, and a kitchenette. Pod 3 includes Prudential, Sprout Therapy LLC, and Biocore. The current annual gross income is $45,840, with the seller paying all utilities and operating expenses. The 2024 estimated real estate taxes are $20,535.94. Seller financing is available. This owner-occupied investment opportunity offers potential for strong returns. The existing tenants provide a stable income stream, potentially offsetting operating expenses and mortgage payments.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB · Strongsville, OHStrongsville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.