Property profile

23865 Mercantile Rd Beachwood, OH 44122

OFF-MARKET
Life science properties
Property ID
US66-1386625
20,000 SF 1.61 ac lot Built 1966
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1966
Construction TYPE NOT SPECIFIED
Total area 20,000 SF
Lot 1.61 ac (70,190 SF)
Zoning code U-8
APN 742-24-003
UPID US66-1386625

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
  • (Bike/Boat/Book/etc) Store
  • Pharmacy

Location

23865 Mercantile Rd Beachwood, OH 44122-5907
Beachwood metro Census 131105 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2018
6 recorded transactions
2019
Price N/A
2018
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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

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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