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    Property profile & analytics

    23533 Mercantile Rd Beachwood, OH 44122-5959

    • Manufacturing properties
    • 100,480 SF
    • 7.05 lot acres
    OFF-MARKET
    Value Estimation
    $3,915,000
    Last Sale
    Mar 02, 2021
    $4,100,000
    Location Intelligence
    Property ID
    US66-1386626
    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 23533 Mercantile Rd

    Year built
    1988
    Lot size
    7.05 lot acres
    Property size
    100,480 SF
    Zone code
    U-8
    Property type
    Manufacturing properties
    APN
    742-24-023
    APU
    74224023

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,765,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,205,000
      6.5%
      $4,010,000
      7%
      $3,740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,760,000
      Geo Method
      $4,145,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,520,000
      Retail
      $4,885,000
      Mixed-Use
      $4,590,000
      Hospitality
      $5,045,000
      Educational
      $4,710,000
      Residential Income
      $4,065,000
      Energy
      $4,210,000
      Income-Based Land
      $5,150,000
      Food Service
      $5,210,000

    Location Insight

    • Map
    • Local Demand
    City
    Beachwood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5093
    Latitude
    41.4596
    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
    $112,605
    $483,630
    $951,370
    $1,435,000
    -
    $1,381,800
    $2,718,200
    $4,100,000

    Comparable in this City

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      23757 Commerce Park

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    • Value Estimation
      $870,000
      36,569 SF

      23200 Commerce Park

      MANUFACTURING (LIGHT) • 36,569 SF
      23200 Commerce Park, Beachwood, OH 44122-5802
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    • Value Estimation by Request
      129,907 SF

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    • 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

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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.
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      View Details
    • Contact for pricing
      53,520 SF

      Beachwood Flex Building For Rent

      53,520 RSF flex building in the Chagrin Corridor.
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      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
    • $11 SF/Yr
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      Mercantile Park Flex Space

      Flex space available for rent in Beachwood, Ohio.
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      View Details
    • Contact for pricing
      44,236 SF

      Beachwood Flex Building For Rent

      Flex building in Beachwood with individual entrances and ample parking.
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    • $7 SF/Yr
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      Flexible Suites in Chagrin Corridor

      Flexible use suites with ample parking and highway access.
      23945 Mercantile Rd, Beachwood, OH 44122
      View Details
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    Beachwood, OH 44122-5959
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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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