Entity Owned Property summary
This exceptional 1.1-acre commercial and residential mixed-use land parcel in Westlake, Ohio (APN 214-28-003), presents a prime redevelopment opportunity. Located at 23569 Center Ridge Rd, 44145, this property boasts a strategic location in the heart of Westlake, near the intersection of Center Ridge and Clague Roads, offering easy access to Crocker Park, University Hospitals, Detroit Road, and I-90. The existing 3,500 square foot building, encompassing a first and second floor plus a full-height basement, provides a solid foundation for renovation or repurposing. The permitted OFC BLDG zoning allows for a variety of uses, making it ideal for educational, financial, medical, or legal businesses. The property includes 50 parking spaces. The seller is offering this property for $655,000, with a pro-forma NOI of $125,000 and a pro-forma cap rate of 19.08%. The seller is open to lease options with the potential to purchase, and is willing to customize interior finishes to meet tenant specifications, presenting a cost-effective alternative to new construction. This is a rare chance to acquire a high-return investment property in a thriving Westlake location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
General Business District is intended to promote areas in which individual businesses which supply convenience and shopping goods and services may locate.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GB · Westlake, OHGeneral Business District is intended to promote areas in which individual businesses which supply convenience and shopping goods and services may locate.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
General Business District is intended to promote areas in which individual businesses which supply convenience and shopping goods and services may locate.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in Westlake, OH.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight
