Property profile

24050 Mercantile Rd Beachwood, OH 44122

OFF-MARKET
Office buildings
Property ID
US66-2032623
10,902 SF 2.5 ac lot Built 1970
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction TYPE NOT SPECIFIED
Total area 10,902 SF
Lot 2.5 ac (108,900 SF)
Zoning code U-8
APN 742-25-018
UPID US66-2032623

Cap rate & NOI

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

Location

24050 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.75M
Blend (final) Blend
$860k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2012
Price N/A
2003
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
Top alternative use upside
Restaurant $1.8M +53.5%

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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