Property profile

22649 Lorain Rd Fairview Park, OH 44126

FOR LEASE
Office buildings
Property ID
US66-2407709
3,050 SF 0.15 ac lot Built 1961
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 1961
Construction WOOD
Total area 3,050 SF
Lot 0.15 ac (6,750 SF)
Zoning code GB-A
APN 321-20-014
UPID US66-2407709

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
  • Title Company Escrow Service
  • Spa & Massage Center
  • Law Firm

Location

22649 Lorain Rd Fairview Park, OH 44126
Fairview Park metro Census 153106 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2018
2 recorded transactions
2021
Price N/A
2018
$174,900

Zoning & alternative use

GB-A · Fairview Park, OH
Zoning description

The purpose of the GB-A district is to provide areas for the Retail business stores and services

General category COMMERCIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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