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Property profile & analytics
OFF-MARKET Estimated value $2,010,000
Commercial land

24-28 Park Dr Berea, OH 44017

11,716 SF 0.53 ac lot Built 1954
Entity Owned Absentee Owner Free & Clear
Property ID
US66-2347547
Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1954
Total area 11,716 SF
Lot 0.53 ac (22,929 SF)
Zoning code CC
APN 364-09-017
UPID US66-2347547
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.14M
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$2.01M
Owner & transaction history
ECHO BEREA ASSOCIATES
ECHO BEREA ASSOCIATES
Zoning & alternative use
CC · Berea, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

projects in the following zoning districts: NC, CC, DT, UT and the DD district s . The review of these design standards shall take place in conjunction wit h the site plan review stage, when applicable. (A) T he prescribed architectural design standa rds are intended to: (1) Protect and enhance the physical character of the are a within these zoning district…

Zone name Commercial Center
General category COMMERCIAL
Zone area 168.25 ac
Source City of Berea, Ohio
Top alternative use upside
Restaurant $2.1M +91.0%
Office building $1.9M +74.5%
Medical building $1.3M +17.3%
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