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    21100 Southgate Park Blvd Maple Heights, OH 44137
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    Property profile & analytics

    21100 Southgate Park Blvd, Maple Heights, OH 44137

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    • Medical Office Space
    • 38,280 SF
    • 1.90 lot acres
    For Lease
    $11 SF/Yr
    View Listing →
    Southgate Park Office Building For Lease
    $11 SF/Yr

    Southgate Park Office Building

    Prime Medical/Office Space in Maple Heights

    Cleveland, OH 44137
    View Listing
    Property ID
    US66-0161074
    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
    $1,925,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 21100 Southgate Park Blvd

    Year built
    1960
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.90 lot acres
    Zone code
    GC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    783-22-004
    APU
    78322004

    Description

    This exceptional five-story, Class B office building, located at 21100 Southgate Park Blvd in Maple Heights, Ohio, offers 96,232 square feet of versatile space ideal for medical, traditional, or executive office uses. Built in 1960 and situated on 3.6 acres, the property boasts a single building with ample parking (291 spaces) and convenient elevator access. Its strategic location in the Cleveland East submarket, specifically the Maple Heights, Warrensville Heights, and Garfield Heights cluster, provides immediate access to the I-480 and I-271 interchange, ensuring easy commutes for employees and clients. The building is currently available for multiple tenants and features a private entrance. While a full build-out is required, the below-market rent makes this a highly attractive opportunity. This property presents a unique chance to establish a presence in a thriving Cuyahoga County location. The property's address is 21100 Southgate Park Blvd, Maple Heights, OH 44137.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,835,000
      ML approach
      $1,925,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,235,000
      Market price range: $2.24M - $6.31M
      AI Estimate
      $1,303,000
      Market price range: $1.30M - $4.57M

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5314
    Latitude
    41.414
    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
    $22,340
    $85,300
    $118,410
    $203,710
    -
    $243,700
    $338,300
    $582,000

    Comparable in this City

    • Value Estimation by Request
      14,384 SF

      20676 Southgate Park Blvd

      MEDICAL BUILDING
      20676 Southgate Park Blvd, Maple Heights, OH 44137-2953
      View Details
    • Value Estimation by Request
      2.90 Acres

      Southgate Park Blvd

      MEDICAL BUILDING
      Southgate Park Blvd, Maple Heights, OH 44137
      View Details
    • Value Estimation by Request
      3.24 Acres

      Hazelwood Ct

      HOMES (RETIRED, NURSING)
      Hazelwood Ct, Maple Heights, OH 44137
      View Details
    • Value Estimation
      $1,140,000
      5,796 SF

      5525 Warrensville Ctr Rd

      OFFICE BUILDING
      5525 Warrensville Ctr Rd, Maple Heights, OH 44137-3156
      View Details
    • Value Estimation by Request
      1,907 SF

      5151 Warrensville Ctr Rd

      OFFICE BUILDING
      5151 Warrensville Ctr Rd, Maple Heights, OH 44137-1928
      View Details
    • Value Estimation
      $525,000
      2,600 SF

      16360 Broadway Ave

      OFFICE BUILDING
      16360 Broadway Ave, Maple Heights, OH 44137-2555
      View Details

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      Retail property offering 13,296 square feet in Maple Heights, OH.
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      3,000 SF

      Retail Property in Maple Heights

      Retail property available for sale in Maple Heights, Ohio.
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      3,150 SF

      Redevelopment Opportunity in Maple Heights

      3,150 SF building for redevelopment near major interstates.
      16321 Rockside Rd, Maple Heights, OH 44137
      View Details
    • $649,000
      1 SF

      Redevelopment Site on Broadway Avenue

      1.83 AC redevelopment site near Maple Heights High School.
      16601 Broadway Ave, Maple Heights, OH 44137
      View Details
    • Contact for pricing
      0.21 Acres

      Land Opportunity in Maple Heights

      Vacant land parcel ready for development in a growing community.
      15701 Walvern Blvd, Maple Heights, OH 44137
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      96,232 SF

      Southgate Park Office Building

      Prime Medical/Office Space in Maple Heights
      21100 Southgate Park Blvd, Maple Heights, OH 44137
      View Details
    • $1,500 /Mo
      5,118 SF

      Maple Heights Commercial Property Rental

      Flexible commercial space suitable for office, retail, or medical use.
      5237 Warrensville Center Rd, Maple Heights, OH 44137
      View Details
    • $1,500 /Mo
      21,562 SF

      High Visibility Commercial Opportunity

      Four vacant units ready for customization in a high-traffic location.
      16133 Broadway Ave, Maple Heights, OH 44137
      View Details
    • Contact for pricing

      High-Visibility Retail/Office Space Available

      Versatile space in high-traffic area, suitable for retail/office.
      5250 Northfield Rd, Maple Heights, OH 44137
      View Details
    • $500 /Mo
      21,562 SF

      High Visibility Commercial Opportunity

      Four vacant units ready for activation in a high-traffic location.
      16133 Broadway Ave, Maple Heights, OH 44137
      View Details
    • $4,500 /Mo

      5832/5834 Lee Road South, Maple Heights, OH 44137

      Well-maintained, move-in-ready former daycare space, ready for immediate occupancy
      5832/5834 Lee Rd South, Maple Heights, OH 44137
      View Details
    View Listing
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    Maple Heights, OH 44137
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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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