Property profile

18500 Lk Rd Rocky River, OH 44116

OFF-MARKET
Office buildings
Property ID
US66-1781046
32,172 SF 0.89 ac lot Built 1989
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction TYPE NOT SPECIFIED
Total area 32,172 SF
Lot 0.89 ac (38,672 SF)
Zoning code OB-4
APN 301-21-012
UPID US66-1781046

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Financial Advisor
  • Production Facility
  • Financial Advisor
  • Advocacy Group

Location

18500 Lk Rd Rocky River, OH 44116-1744
Rocky River metro Census 181100 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.19M
Comparable Approach Comparable
$7.44M
Blend (final) Blend
$1.29M

Owner & transaction history

since 2019
7 recorded transactions
2024
Price N/A
2023
Price N/A
2021
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2000
$3.4M

Zoning & alternative use

OB-4 · Rocky River, OH
Top alternative use upside
Restaurant $5.4M +4.3%

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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