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Property profile & analytics
OFF-MARKET Estimated value $3,990,000
Manufacturing properties

23533 Mercantile Rd Beachwood, OH 44122-5959

100,480 SF 7.05 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US66-1386626
Property summary
AI-generated overview

This exceptional executive office space, located at 23533 Mercantile Rd in Beachwood, Ohio, offers two available suites within a 133,502 square foot building in Cuyahoga County. The suites provide a total of 3,520 square feet of immediately available space, with Suite #106 boasting over 8,735 square feet and Suite #126 offering 2,020 square feet. Each suite is ideal for businesses seeking flexible space, with a minimum divisible size of 1,500 square feet and a maximum contiguous space of 2,020 square feet. The building's prime location provides convenient access to I-271 via both the Harvard and Chagrin exits, ensuring effortless commutes for employees and clients. Furthermore, the property benefits from its proximity to a variety of restaurants and shops, as well as the vibrant Chagrin Boulevard office corridor, offering a dynamic and convenient work environment. This is a rare opportunity to secure high-quality office space in a highly desirable location. The building features a multi-tenant occupancy. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1988
Total area 100,480 SF
Lot 7.05 ac (307,063 SF)
Zoning code U-8
APN 742-24-023
UPID US66-1386626
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
$4.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.99M
Owner & transaction history
23533 Mercantile LLC · 5 yrs held
23533 Mercantile LLC
since 2021
Last sale
$4.1M
3 recorded transactions
2021
$4.1M
2009
Price N/A
2000
Price N/A
Zoning & alternative use
U-8 · Beachwood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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