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Property profile & analytics
OFF-MARKET Estimated value $855,000
Warehouses

23205 Mercantile Rd 23221 Beachwood, OH 44122-5911

33,366 SF 2.14 ac lot Built 1971
Individually Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-1765757
Property summary
AI-generated overview

This exceptional 1,830 square foot commercial property, located in Beachwood, is ideally suited for medical office or other commercial uses. Currently available for lease as a single, contiguous space, this property offers significant flexibility for a variety of businesses. The entire 1,830 square feet is vacant and ready for immediate occupancy. The building's classification includes both retail and office space, indicating its versatility and potential for diverse uses. The property's size makes it suitable for a single tenant seeking a substantial footprint or a business requiring a large, open floor plan. Given the "multiple tenancy" designation, the property may have previously accommodated multiple tenants, suggesting adaptable interior layouts. The lack of further building highlights or investment details indicates a clean slate for potential lessees to customize the space to their specific needs. This presents a unique opportunity to establish a prominent presence in a desirable location. Interested parties are encouraged to inquire further to explore the possibilities this versatile property offers. The property is ready for immediate occupancy.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1971
Construction TYPE NOT SPECIFIED
Total area 33,366 SF
Lot 2.14 ac (93,218 SF)
Zoning code U-8
APN 742-22-021
UPID US66-1765757
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$620k
Blend (final) Blend
$855k
Owner & transaction history
Omni-northern Ltd · 12 yrs held
Omni-northern Ltd
since 2014
5 recorded transactions
2022
Price N/A
2017
Price N/A
2014
Price N/A
1999
$1.6M
1969
Price N/A
Zoning & alternative use
U-8 · Beachwood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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