Property profile

16363 Pearl Rd Strongsville, OH 44136

OFF-MARKET
Office buildings
Property ID
US66-1814928
7,725 SF 0.93 ac lot Built 1983
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction WOOD
Total area 7,725 SF
Lot 0.93 ac (40,494 SF)
Zoning code GB
APN 397-09-002
UPID US66-1814928

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
  • Dental Office
  • Dental Office
  • Financial Advisor
  • HVAC Service General Contractor
  • Real Estate Agency

Location

16363 Pearl Rd Strongsville, OH 44136-6002
Strongsville metro Census 186201 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.01M

Owner & transaction history

since 2025
Last sale
$660,000
3 recorded transactions
2025
$660,000
2007
Price N/A
1969
Price N/A

Zoning & alternative use

GB · Strongsville, OH
Zoning description

Buildings and land shall be used, and buildings shall be designed, erected, altered, moved or maintained in whole or in part, in General Business Districts

General category COMMERCIAL
Top alternative use upside
Restaurant $1.3M +4.3%

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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