Technical
Financial
Distress signals
Property profile

23700 Chagrin Blvd Beachwood, OH 44122

OFF-MARKET
Office buildings
Property ID
US66-1801040
100,632 SF 15.56 ac lot Built 1980
Individually Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction TYPE NOT SPECIFIED
Total area 100,632 SF
Lot 15.56 ac (677,750 SF)
Zoning code U-8
APN 742-23-004
UPID US66-1801040

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company
  • Business To Business Service
  • Research And Product Development
  • Construction Company

Location

23700 Chagrin Blvd Beachwood, OH 44122-5506
Beachwood metro Census 131105 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.58M
Blend (final) Blend
$10.76M

Owner & transaction history

since 2020
1 recorded transaction
2020
$11.2M

Zoning & alternative use

U-8 · Beachwood, OH
Zoning description

It is the intent of this Chapter (Class U-8 District) to provide for and encourage the reuse and redevelopment of the existing industrial park as a High-Density Mixed-Use Development District in order to create jobs and…

General category MIXED_USE
Top alternative use upside
Restaurant $17.0M +53.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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