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Property profile

16560 Commerce Ct 16570 Middleburg Heights, OH 44130

OFF-MARKET
Medical Office Space
Property ID
US66-0105843
4,500 SF 0.82 ac lot Built 1995
Entity Owned 4-yr Hold Free & Clear

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Construction TYPE NOT SPECIFIED
Total area 4,500 SF
Lot 0.82 ac (35,592 SF)
Zoning code GB
APN 374-18-006
UPID US66-0105843

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.19M
CAP Approach CAP
$845k
Comparable Approach Comparable
$742k
Blend (final) Blend
$1.06M

Owner & transaction history

since 2022
Last sale
$1.4M
7 recorded transactions
2022
Price N/A
2016
Price N/A
2007
$1.4M
2006
$227,150
2006
Price N/A
2006
$227,150
2006
Price N/A

Zoning & alternative use

GB · Middleburg Heights, OH
Zoning description

The general business district provides areas for a variety of business establishments engaged in retail sales, services, office, medical, recreation and other related permitted land uses serving both a local and regional…

General category COMMERCIAL

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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