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    OFF-MARKET Estimated value $1,885,000
    Life science properties

    16651 Sprague Rd, Strongsville, OH 44136-1757

    14.49 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US66-2746322
    Property summary
    AI-generated overview

    This exceptional 30-acre industrial land parcel in Strongsville, Ohio, presents a unique investment opportunity. Located at 16651 Sprague Rd, with APN 395-09-002, 359-09-003, this fee simple property boasts Research & Development zoning, opening doors to a wide range of business uses. Comprehensive environmental and wetlands studies have already been completed and are available for review. The city of Strongsville offers attractive tax abatements and incentives, further enhancing the financial appeal. Benefit from the strategic location, providing easy access to major highways I-71, I-80, and I-480, placing your business within close proximity to key commercial hubs such as Southpark Mall, Cleveland Hopkins International Airport, and Dow Circle Business Park. The site's history as the former Akzo Nobel Headquarters and Research Facility ensures robust existing utility services are in place. A substantial ±13,073 square foot freestanding industrial building is also included on the property. This property offers a compelling combination of location, infrastructure, and zoning flexibility, making it an ideal site for a variety of industrial and research-oriented businesses. The Cuyahoga County location, with a 44136 zip code, offers excellent access to a skilled workforce and a thriving regional economy.

    Property profile
    Verified
    Property type Life science properties
    Use group R&D FACILITY, LABS, PHARMA
    Lot 14.49 ac (631,184 SF)
    Zoning code RD
    APN 395-09-003
    UPID US66-2746322
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.74M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.89M
    Owner & transaction history
    Strong Property Ventures LLC · 3 yrs held
    Strong Property Ventures LLC
    since 2022
    Last sale
    $2.0M
    2 recorded transactions
    2022
    $2.0M
    2021
    Zoning & alternative use
    RD · Strongsville, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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