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Property profile & analytics
OFF-MARKET Estimated value $750,000
Office buildings

24650 Ctr Rdg Rd Westlake, OH 44145-5637

51,328 SF 3.04 ac lot Built 1976
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-5372543
Property summary
AI-generated overview

Westlake Centre, located at 24650 Center Ridge Rd, Westlake, OH 44145, presents a unique opportunity. This two-building complex, totaling 64,064 square feet, offers flexible office space ideal for a variety of uses, including traditional, medical, and creative office settings, as well as daycare and adult daycare facilities. The property sits on 3.04 acres and features a four-story building constructed in 1976, extensively renovated in 2024. The maximum contiguous space available is 12,000 square feet, with the entire 64,064 square feet currently vacant. Amenities include 277 parking spaces and elevators. The property boasts ample natural light and spacious layouts, providing a productive and collaborative work environment. Its convenient location offers easy access to major highways and local amenities. The property's APN is 213-28-010. This is an exceptional opportunity to establish a presence in a thriving Westlake location. The property is under new ownership.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Construction TYPE NOT SPECIFIED
Total area 51,328 SF
Lot 3.04 ac (132,602 SF)
Zoning code OB
APN 213-28-010
UPID US66-5372543
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
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$750k
Owner & transaction history
24650 Center Ridge LLC · 1 yrs held
24650 Center Ridge LLC
since 2024
Last sale
$750,000
7 recorded transactions
2024
$972,000
2018
$4.3M
2017
Price N/A
2012
Price N/A
2010
$750,000
2009
Price N/A
2001
Price N/A
Zoning & alternative use
OB · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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