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Property profile & analytics
FOR LEASE
Strip malls

17100 Royalton Rd Strongsville, OH 44136

19,250 SF 4.16 ac lot Built 1971
Individually Owned 13-yr Hold Free & Clear
Property ID
US66-0278106
Property summary
AI-generated overview

This exceptional retail opportunity is located at 17100 Royalton Road in Strongsville, Ohio, within the vibrant Ledgewood Plaza. The property offers two available spaces: a 900 square foot former nail salon and a 1,600 square foot space. Ledgewood Plaza benefits from a prime location, sharing a highly visible, signalized entrance with the major SouthPark Mall and a new Starbucks. Situated on Royalton Road (State Route 82), just 0.3 miles west of the Interstate 71 interchange, the property enjoys exceptional visibility and high traffic counts exceeding 52,000 vehicles per day. This ensures maximum exposure to a substantial customer base. The immediate trade area boasts a strong demographic profile, with over 55,000 residents within a 3-mile radius, exhibiting a median income of $78,693, and over 140,000 residents within a 5-mile radius. The property features a newly installed monument sign providing ample space for tenant branding, along with a new directional sign for enhanced visibility. This thriving retail center is anchored by a diverse range of established businesses, including Rally House, Hand & Stone Massage, Salon Lofts, Corner 11 Bowl and Wrap, Floorz, Trivs Steakhouse, Benchmark Jewelers, and The Good Feet Store, creating a synergistic and attractive retail environment. The Cuyahoga County location offers excellent access to a large and affluent population. This is a rare opportunity to establish a presence in a high-traffic, well-established retail center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1971
Total area 19,250 SF
Lot 4.16 ac (181,353 SF)
Zoning code SC
APN 396-14-007
UPID US66-0278106
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.33M
Blend (final) Blend
$1.72M
Owner & transaction history
Fhl Strongsville Props Ltd · 13 yrs held
Fhl Strongsville Props Ltd
since 2013
6 recorded transactions
2023
Price N/A
2013
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SC · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.1M +7.3%
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