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Property profile & analytics
FOR LEASE
Medical Office Space

17406 Royalton Rd Strongsville, OH 44136

20,260 SF 2.67 ac lot Built 1983
Entity Owned 6-yr Hold Free & Clear
Property ID
US66-2360792
Property summary
AI-generated overview

This exceptional 21,960 square foot medical and traditional office building, constructed in 1983 and renovated in 2014, presents a unique opportunity in Strongsville, Ohio. Situated on 2.67 acres of land with a General Business (GB) zoning designation (APN: 396-12-028), this single-building property boasts high visibility on Royalton Road (Route 82), less than a mile from I-71 and the Ohio Turnpike, ensuring excellent highway accessibility. The building features four suites, with a minimum divisible space of 3,500 square feet and a maximum contiguous space of 6,700 square feet currently available. Amenities include an elevator, ample parking for convenient patient drop-off, and excellent signage opportunities, including facade and monument signage. The interior features multiple offices, a draw laboratory, x-ray room, break room, IT room, multiple private bathrooms, and a separate waiting area. The property benefits from its location across from South Park Mall and adjacent to new developments including HomeGoods and Panera Bread, providing abundant nearby restaurants and shopping. The well-maintained property includes renovated common areas, new exterior lighting, and improved landscaping. Tenant improvement packages are available to qualified tenants. This is a truly exceptional opportunity to establish a thriving practice in a high-traffic, highly visible location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction TYPE NOT SPECIFIED
Total area 20,260 SF
Lot 2.67 ac (116,218 SF)
Zoning code PF
APN 396-12-028
UPID US66-2360792
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
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$985k
Owner & transaction history
Sp-js1 LLC · 6 yrs held
Sp-js1 LLC
since 2020
Last sale
$1.0M
2 recorded transactions
2020
$1.0M
2016
$875
Zoning & alternative use
PF · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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