Technical
Financial
Distress signals
Property profile

23875 Commerce Park Beachwood, OH 44122

OFF-MARKET
Office buildings
Property ID
US66-1635180
15,554 SF 1.89 ac lot Built 1980
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of approximately 3,043 square feet of interior space suitable for office or medical use, located in Beachwood, Ohio. The space is designed for a modified gross arrangement, with base building costs including specified utilities (excluding the tenant’s share for lighting and plug loads), and five nights per week of janitorial service, along with operating expenses, taxes, and insurance as defined for a base year.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction TYPE NOT SPECIFIED
Total area 15,554 SF
Lot 1.89 ac (82,333 SF)
Zoning code U-8
APN 742-25-028
UPID US66-1635180

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
  • Counselor
  • Department Store

Location

23875 Commerce Park Beachwood, OH 44122-5835
Beachwood metro Census 131105 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$776k
Blend (final) Blend
$640k

Owner & transaction history

since 2020
6 recorded transactions
2025
Price N/A
2020
$1.2M
2019
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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