Technical
Financial
Distress signals
Property profile

23920 Mercantile Rd Beachwood, OH 44122

OFF-MARKET
Office buildings
Property ID
US66-1971051
3,386 SF 1.88 ac lot Built 1968
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 3,386 SF
Lot 1.88 ac (81,893 SF)
Zoning code U-8
APN 742-24-009
UPID US66-1971051

Cap rate & NOI

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

Location

23920 Mercantile Rd Beachwood, OH 44122
Beachwood metro Census 131105 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
$755k
Comparable Approach Comparable
$543k
Blend (final) Blend
$620k

Owner & transaction history

since 2014
4 recorded transactions
2014
$1.1M
2006
$855,000
2000
Price N/A
1997
$735,000

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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