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    FOR LEASE
    Office buildings

    18780 Bagley Rd, Middleburg Heights, OH 44130

    78,000 SF 5.78 ac lot Built 2007
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US66-1228045
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, totaling 75,000 square feet, presents a prime investment opportunity. Constructed in 2007, the three-story building boasts 17 suites and offers multiple tenancy options. Currently, 11,572 square feet of space is available, with minimum divisible units of 2,967 square feet and a maximum contiguous space of 2,450 square feet. The building enjoys a highly visible location directly across from Southwest General Health Center, ensuring high traffic and visibility. Its strategic location provides easy access to major roadways, including I-71, I-480, and I-80 (Ohio Turnpike), enhancing convenience for both patients and staff. Ample parking is available with a generous 4.84 spaces per 1000 square feet, featuring multiple points of egress and a covered drop-off area for patient comfort. The building features attractive common areas and interior finishes, reflecting its Class A status. Furthermore, generous tenant improvement allowances and leasing incentives are available. This property offers a unique blend of accessibility, visibility, and modern amenities, making it an ideal location for medical practices seeking a prestigious and convenient setting. The building includes elevators for easy access to all three floors.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2007
    Construction TYPE NOT SPECIFIED
    Total area 78,000 SF
    Lot 5.78 ac (251,576 SF)
    Zoning code OB
    APN 371-09-002
    UPID US66-1228045
    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
    $12.64M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $17.60M
    Owner & transaction history
    Altera Middleburg Medical Center Ll · 4 yrs held
    Altera Middleburg Medical Center Ll
    since 2022
    Last sale
    $21.4M
    7 recorded transactions
    2022
    $21.4M
    2019
    2011
    2011
    $6.1M
    2006
    $2.0M
    2003
    $525,000
    1969
    Zoning & alternative use
    OB · Middleburg Heights, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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