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    Property profile & analytics

    23200 Commerce Park Beachwood, OH 44122-5802

    • Manufacturing properties
    • 36,569 SF
    • 3.59 lot acres
    OFF-MARKET
    Value Estimation
    $870,000
    Location Intelligence
    Property ID
    US66-2188712
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 23200 Commerce Park

    Year built
    1966
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.59 lot acres
    Property size
    36,569 SF
    Zone code
    U-8
    Property type
    Manufacturing properties
    APN
    742-22-005
    APU
    74222005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $855,000

    • CAP approach

      CAP return
      Estimation
      6%
      $950,000
      6.5%
      $965,000
      7%
      $925,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,125,000
      Geo Method
      $1,035,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,010,000
      Retail
      $905,000
      Mixed-Use
      $995,000
      Hospitality
      $910,000
      Educational
      $995,000
      Residential Income
      $950,000
      Energy
      $855,000
      Income-Based Land
      $1,015,000
      Food Service
      $985,000

    Location Insight

    • Map
    • Local Demand
    City
    Beachwood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5142
    Latitude
    41.4579
    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
    $43,418
    $270,940
    $265,270
    $536,210
    -
    $774,100
    $757,900
    $1,532,000

    Comparable in this City

    • Value Estimation
      $490,000
      14,000 SF

      3377 Warrensville Ctr Rd

      MANUFACTURING (LIGHT) • 14,000 SF
      3377 Warrensville Ctr Rd, Shaker Heights, OH 44122-5222
      View Details
    • Value Estimation
      $3,915,000
      100,480 SF

      23533 Mercantile Rd

      MANUFACTURING (LIGHT) • 100,480 SF
      23533 Mercantile Rd, Beachwood, OH 44122-5959
      View Details
    • Value Estimation
      $390,000
      13,600 SF

      23757 Commerce Park

      MANUFACTURING (LIGHT) • 13,600 SF
      23757 Commerce Park, Beachwood, OH 44122-5825
      View Details
    • Value Estimation by Request
      129,907 SF

      1 Lyman Cir

      WAREHOUSE, STORAGE • 129,907 SF
      1 Lyman Cir, Shaker Heights, OH 44122-2110
      View Details
    • Value Estimation
      $200,000
      1,040 SF

      20015 Harvard Ave

      WAREHOUSE, STORAGE • 1,040 SF
      20015 Harvard Ave, Warrensville Heights, OH 44122-6804
      View Details
    • Value Estimation
      $700,000
      55,082 SF

      19824 Sussex Rd

      WAREHOUSE, STORAGE • 55,082 SF
      19824 Sussex Rd, Shaker Heights, OH 44122-4917
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31.00 Acres

      Chagrin Highlands Development Site

      31-Acre Mixed-Use Land in Highland Hills, OH
      0 Millcreek Blvd, Highland Hills, OH 44122
      View Details
    • $395,000
      Pending

      Shaker Heights Two-Family Home

      Historic two-family home near Van Aken District with modern updates.
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      Woodmere Land Near Eton Chagrin

      Flat, rectangular lot near shopping and I-271 in Woodmere.
      3737 Avondale Rd, Woodmere, OH 44122
      View Details
    • $2,000,000
      20,695 SF

      Beachwood Freestanding Office Building

      20,000 SF office building convertible to other uses.
      23905 Mercantile Rd, Beachwood, OH 44122
      View Details
    • $269,900
      3,906 SF

      Updated Shaker Heights Multifamily Property

      Updated Shaker Heights multifamily property, ideal for investors or owner-occupants.
      18413 Newell Rd, Shaker Heights, OH 44122
      View Details
    • Contact for pricing
      3.00 Acres

      Richmond Road Development Land

      3-Acre Development Site in Warrensville Heights
      4844 Richmond Rd, Warrensville Heights, OH 44122
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    Similar Nearby for Lease

    • $11 SF/Yr
      3,200 SF

      Flex Space in Commerce Park

      Flex space available for lease in Beachwood's Mercantile Park.
      23632 Mercantile Rd | Beachwood, Beachwood, OH 44122
      View Details
    • Contact for pricing
      53,520 SF

      Beachwood Flex Building For Rent

      53,520 RSF flex building in the Chagrin Corridor.
      23400-23440 Commerce Park Rd, Beachwood, OH 44122
      View Details
    • $15 SF/Yr
      24,000 SF

      Beachwood Flex Space For Rent

      Flex space in Beachwood, Ohio, with excellent highway access.
      23350 Mercantile Rd, Beachwood, OH 44122
      View Details
    • $7 SF/Yr
      12,560 SF

      Flexible Suites in Chagrin Corridor

      Flexible use suites with ample parking and highway access.
      23945 Mercantile Rd, Beachwood, OH 44122
      View Details
    • $11 SF/Yr
      2,450 SF

      Mercantile Park Flex Space

      Flex space available for rent in Beachwood, Ohio.
      23600 Mercantile Rd, Beachwood, OH 44122
      View Details
    • Contact for pricing
      44,236 SF

      Beachwood Flex Building For Rent

      Flex building in Beachwood with individual entrances and ample parking.
      24000 Mercantile Rd | Beachwood, Beachwood, OH 44122
      View Details
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    Beachwood, OH 44122-5802
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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