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Property profile & analytics
OFF-MARKET Estimated value $600,000
Banks

24600 Chagrin Blvd Beachwood, OH 44122-5610

6,070 SF 1.5 ac lot Built 1979
Individually Owned 14-yr Hold Free & Clear
Property ID
US66-6091847
Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 6,070 SF
Lot 1.5 ac (65,313 SF)
Zoning code U-7A
APN 742-25-027
UPID US66-6091847
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
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$768k
Blend (final) Blend
$600k
Owner & transaction history
Diversified Beachwood C Inland · 14 yrs held
Diversified Beachwood C Inland
since 2012
6 recorded transactions
2012
$2.3M
2012
Price N/A
2012
Price N/A
2003
$1.5M
2003
$210,200
1969
Price N/A
Zoning & alternative use
U-7A · Beachwood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Buildings and land in a Class U-7A District shall be used and buildings shall be designed, created, altered or intended only for the uses specifically designated as Class U-7A uses in Section 1111.02 , except that other similar harmonious and compatible uses, as may be determined by the Commission and approved by Council, may be permitted. Accessory uses cus…

Zone name General Office
General category RESIDENTIAL
Zone area 110.37 ac
Source codified ordinances
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