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Property profile

16600 Sprague Rd Middleburg Heights, OH 44130

OFF-MARKET
Office buildings
Property ID
US66-5841628
70,075 SF 3.63 ac lot Built 1974
Entity Owned 6-yr Hold Free & Clear

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1974
Construction TYPE NOT SPECIFIED
Total area 70,075 SF
Lot 3.63 ac (158,210 SF)
Zoning code GB
APN 374-18-007
UPID US66-5841628

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
$2.15M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.50M

Owner & transaction history

since 2020
Last sale
$1.3M
6 recorded transactions
2020
$1.3M
2019
Price N/A
2018
Price N/A
2008
$4.9M
1969
Price N/A
1969
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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