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    18055 Bagley Rd Middleburg Heights, OH 44130
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    18055 Bagley Rd Middleburg Heights, OH 44130

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    • Turn key restaurants
    • 2,520 SF
    • 3.51 lot acres
    For Sale
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    Freestanding Restaurant Building on Bagley For Sale
    Contact for pricing
    2,520 SF

    Freestanding Restaurant Building on Bagley

    2,520 SF restaurant on 3.38 acres near I-71.

    18055 Bagley Road, Middleburg Heights, OH 44130
    View Listing
    Property ID
    US66-1840256
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 18055 Bagley Rd

    Year built
    1975
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.51 lot acres
    Property size
    2,520 SF
    Zone code
    GB
    Property type
    Turn key restaurants
    APN
    373-03-005
    APU
    37303005

    Description

    This exceptional 3.4-acre commercial land parcel presents a unique opportunity for development in the thriving Middleburg Heights, Ohio market. Located at 18055 Bagley Road, the property boasts a highly desirable location within Cuyahoga County, offering easy access to major transportation routes and a strong local economy. The single-tenancy zoning allows for a variety of commercial uses, making it ideal for businesses seeking a prominent presence in a busy area. With a total land area of 3.4 acres, this site provides ample space for a substantial development project. The property is available for both sale and lease, offering flexibility to suit diverse investment strategies. Its strategic location in Middleburg Heights, coupled with its significant size, makes this an exceptional opportunity for developers and investors seeking a high-impact commercial venture. The property's address is clearly identified as 18055 Bagley Rd, Middleburg Heights, OH 44130. Interested parties are encouraged to explore the potential of this prime commercial land and its significant development possibilities. The property is zoned for single-tenancy commercial use. Further details regarding zoning regulations and development possibilities are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Middleburg Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8269
    Latitude
    41.3698
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,271
    $184,590
    $78,580
    $263,170
    -
    $527,400
    $224,500
    $751,900

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      View Details

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      New Popeyes Restaurant For Sale

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      Freestanding Restaurant Building on Bagley

      2,520 SF restaurant on 3.38 acres near I-71.
      18055 Bagley Rd, Middleburg Heights, OH 44130
      View Details
    • Contact for pricing
      3,200 SF

      Retail Property on Pearl Road

      Retail property with high visibility and city-approved cannabis license.
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      7-Eleven Gas Station Investment

      Turnkey 7-Eleven gas station with NNN lease in Cleveland MSA.
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      1,248 SF

      Former Convenience Store on Corner

      1,248 SF retail property on 0.29 acres for sale.
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      View Details

    Similar Nearby for Lease

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      8,000 SF

      Former Restaurant Space Available

      8,000 SF former restaurant space with ample parking.
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      9,600 SF

      Retail Space with Drive-Thru Potential

      9,600 SF retail space with drive-thru in Middleburg Heights.
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      1,863 SF

      Retail Space in Southpark Center

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      Freestanding Restaurant on Bagley Road

      Freestanding restaurant near I-71, Chipotle, Starbucks, Panera, and Raising Cane’s.
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      4,465 SF

      Renovated Retail Space in Parma

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      10,300 SF

      High-Traffic Retail Space Available

      10,300 SF retail space at Pearl/Bagley intersection.
      7259 Pearl Rd, Middleburg Heights, OH 44130
      View Details
    View Listing
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    Middleburg Heights, OH 44130
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    18055 Bagley Rd, Middleburg Heights, OH, 44130
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