Property profile

21693 Drake Rd Strongsville, OH 44149

OFF-MARKET
Office buildings
Property ID
US66-1542467
2,940 SF 4 ac lot Built 1975
Entity Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Construction TYPE NOT SPECIFIED
Total area 2,940 SF
Lot 4 ac (174,240 SF)
Zoning code GI
APN 394-11-002
UPID US66-1542467

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
  • Plumbing Service General Contractor

Location

21693 Drake Rd Strongsville, OH 44149-6614
Strongsville metro Census 186206 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$665k
CAP Approach CAP
$655k
Comparable Approach Comparable
$659k
Blend (final) Blend
$665k

Owner & transaction history

since 2017
4 recorded transactions
2017
$1.5M
2016
Price N/A
2014
$1.3M
2007
Price N/A

Zoning & alternative use

GI · Strongsville, OH
Zoning description

Buildings and land shall be used, and buildings shall be designed, erected, altered, moved and maintained, in whole or in part, in a General Industrial District

General category INDUSTRIAL

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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