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Financial
Distress signals
Property profile

23850 Commerce Park Beachwood, OH 44122

OFF-MARKET
Office buildings
Property ID
US66-0185534
7,000 SF 1.1 ac lot Built 1966
Last sale Dec 2018 · $685,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office building located at 23850 Commerce Park in Beachwood, Ohio, with a total building size of 17,817 square feet. It is configured and presented as a dedicated office asset intended for office use, suitable for an owner-occupant or an organization seeking an office configuration. The available description does not provide details on the internal unit breakdown, floor-by-floor layout, or specific on-site features beyond the total square footage.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$348k
Assessed land$79k
Assessed improvement$270k
Effective rate8.08%

Value estimate

· Oct 2026
$645k
$581k – $710k
AI approach$645k
Submarket $/SF estimate$1.12M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$110/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$60 – $160
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
U-8
It is the intent of this Chapter (Class U-8 District) to provide for and encourage the reuse and redevelopment of the existing industrial...
General categoryMIXED_USE
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store12.7
Auto Repair Shop12.4
HVAC Service10.8

Location

23850 Commerce Park Beachwood, OH 44122-5829
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20515 Shaker, Shaker Heights, OH 44122-2664 $955,000 May 2025 6,221 SF
18810 Harvard, Cleveland, OH 44122-6848 $5,396,600 Sep 2024 5,859 SF
23825 Commerce, Beachwood, OH 44122-5837 $2,300,000 Apr 2024 10,240 SF
21515 Chagrin, Beachwood, OH 44122-5339 $500,000 Oct 2023 7,254 SF
23900 Commerce, Beachwood, OH 44122-5822 $1,000,000 May 2023 9,165 SF
23715 Mercantile, Beachwood, OH 44122-5933 $1,150,000 Sep 2021 15,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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