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    Property profile & analytics

    23700 Commerce Park Beachwood, OH 44122-5827

    • Office buildings
    • 3,192 SF
    • 4.44 lot acres
    OFF-MARKET
    Value Estimation
    $3,975,000
    Last Sale
    May 01, 2020
    $3,650,000
    Location Intelligence
    Property ID
    US66-2196080
    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

    • Office buildings

    Property Details for 23700 Commerce Park

    Year built
    1983
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.44 lot acres
    Property size
    3,192 SF
    Zone code
    U-8
    Property type
    Office buildings
    APN
    742-25-004
    APU
    74225004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,855,000
      6.5%
      $3,775,000
      7%
      $3,810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,165,000
      Geo Method
      $3,270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,670,000
      Retail
      $4,015,000
      Mixed-Use
      $4,230,000
      Hospitality
      $3,950,000
      Educational
      $3,180,000
      Residential Income
      $3,865,000
      Energy
      $3,680,000
      Income-Based Land
      $3,275,000
      Food Service
      $3,100,000

    Location Insight

    • Map
    • Local Demand
    City
    Beachwood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5089
    Latitude
    41.4612
    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
    $102,831
    $316,510
    $961,000
    $1,277,510
    -
    $904,300
    $2,745,700
    $3,650,000

    Comparable in this City

    • Value Estimation by Request
      4,608 SF

      20707 Chagrin Blvd

      OFFICE BUILDING • 4,608 SF
      20707 Chagrin Blvd, Shaker Heights, OH 44122-5348
      View Details
    • Value Estimation by Request
      94,720 SF

      25825 Science Park Dr

      OFFICE BUILDING • 94,720 SF
      25825 Science Park Dr, Beachwood, OH 44122-7323
      View Details
    • Value Estimation
      $3,435,000
      66,123 SF

      25701 Science Park Dr

      OFFICE BUILDING • 66,123 SF
      25701 Science Park Dr, Beachwood, OH 44122-7302
      View Details
    • Value Estimation
      $945,000
      5,456 SF

      23500 Mercantile Rd

      OFFICE BUILDING • 5,456 SF
      23500 Mercantile Rd, Beachwood, OH 44122-5930
      View Details
    • Value Estimation
      $1,275,000
      45,910 SF

      3733 Park E Dr

      OFFICE BUILDING • 45,910 SF
      3733 Park E Dr, Beachwood, OH 44122-4338
      View Details
    • Value Estimation
      $655,000
      8,000 SF

      23880 Commerce Park

      OFFICE BUILDING • 8,000 SF
      23880 Commerce Park, Beachwood, OH 44122-5830
      View Details

    Similar Nearby for Sale

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      Beachwood Freestanding Office Building

      20,000 SF office building convertible to other uses.
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      Beachwood Office Building For Sale

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      Modern Office Space For Sale

      Class A office space with modern design and premium amenities.
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      Beachwood Medical Office Building

      Prime Beachwood location, high NOI, value-add potential.
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      31.00 Acres

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      31-Acre Mixed-Use Land in Highland Hills, OH
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    Similar Nearby for Lease

    • $14 SF/Yr
      12,000 SF

      Office Building on Chagrin Boulevard

      Office space for rent near restaurants and shopping.
      23980 N Chagrin Blvd | Beachwood, Beachwood, OH 44122
      View Details
    • $20 SF/Yr
      60,460 SF

      Beachwood Office Space For Lease

      Office building with ample parking and easy highway access.
      23250 Chagrin Blvd, Beachwood, OH 44122
      View Details
    • $20 SF/Yr
      1,752 SF

      Beachwood Office Space For Rent

      Office space for rent with easy highway access.
      23240 Chagrin Blvd, Beachwood, OH 44122
      View Details
    • $27 SF/Yr
      1,628 SF

      Office Space Near Shopping Centers

      Office spaces available near Chagrin Blvd and shopping centers.
      26949 Chagrin Blvd, Beachwood, OH 44122
      View Details
    • $22 SF/Yr
      79,380 SF

      Beachwood Executive Office Space

      Class A Office Suites Available Now
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      View Details
    • $22 SF/Yr
      29,484 SF

      Chagrin Highlands Office Suites

      Prestigious Beachwood office space. Flexible options available.
      2000 Auburn Dr 1 Chagrin Highlands, Beachwood, OH 44122
      View Details
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    Beachwood, OH 44122-5827
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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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