Property profile

17700 Foltz Pkwy Strongsville, OH 44149

OFF-MARKET
Office buildings
Property ID
US66-2257642
27,500 SF 42 ac lot Built 1997
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of up to 87.5 acres of shovel-ready industrial land in the City of Strongsville, situated within an active industrial corridor near major highways. It is zoned General Industrial and is located within a Community Reinvestment Area (CRA), which is associated with eligibility for a 100% tax abatement for a 15-year period.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Construction TYPE NOT SPECIFIED
Total area 27,500 SF
Lot 42 ac (1,829,520 SF)
Zoning code GI
APN 394-10-004
UPID US66-2257642

Cap rate & NOI

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

Location

17700 Foltz Pkwy Strongsville, OH 44149-5536
Strongsville metro Census 186206 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.14M
Comparable Approach Comparable
$3.36M
Blend (final) Blend
$1.15M

Owner & transaction history

since 2013
1 recorded transaction
2013
$4.6M

Zoning & alternative use

GI · Strongsville, OH
Zoning description

Buildings and land shall be used, and buildings shall be designed, erected, altered, moved and maintained, in whole or in part, in a General Industrial District

General category INDUSTRIAL

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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