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Property profile

18780 Bagley Rd Middleburg Heights, OH 44130

FOR LEASE
Office buildings
Property ID
US66-1228045
78,000 SF 5.78 ac lot Built 2007
Individually Owned 4-yr Hold ~ Est. High Equity

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

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

since 2022
Last sale
$21.4M
7 recorded transactions
2022
$21.4M
2019
Price N/A
2011
Price N/A
2011
$6.1M
2006
$2.0M
2003
$525,000
1969
Price N/A

Zoning & alternative use

OB · Middleburg Heights, OH

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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More about this property
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