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Property profile & analytics
OFF-MARKET Estimated value $945,000
Medical Office Space

24025 Commerce Park Beachwood, OH 44122-5809

10,079 SF 1.16 ac lot Built 1981
Entity Owned 23-yr Hold Free & Clear
Property ID
US66-0789062
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1981
Construction TYPE NOT SPECIFIED
Total area 10,079 SF
Lot 1.16 ac (50,739 SF)
Zoning code U-8
APN 742-25-030
UPID US66-0789062
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
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$945k
Owner & transaction history
Commerce Bank · 23 yrs held
Commerce Bank
since 2003
1 recorded transaction
2003
Price N/A
Zoning & alternative use
U-8 · Beachwood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 to enhance the tax base of the City. These regulations are intended to provide for the integration of basic industrial and manufacturing use…

Zone name Storage And Manufacturing
General category MIXED_USE
Zone area 182.02 ac
Source codified ordinances
Top alternative use upside
Office building $1.1M +1.2%
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