Technical
Financial
Distress signals
Property profile

24650 Center Ridge Rd Westlake, OH 44145

FOR SALE
Office buildings
Property ID
US66-5372543
51,328 SF 3.04 ac lot Built 1976
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard
No photos on file
For Sale
Contact for pricing 51,328 SF
24650 Center Ridge Rd, Westlake, OH 44145
View Listing →

Property summary

AI-generated overview

A four-story Class B office building constructed in 1976, providing up to 64,000 square feet of office space, with renovations that updated the property. The building includes 8 office suites sized from 1,118 to 42,990 square feet and is configured with spacious, light-filled layouts and open-floorplan workspaces. Building amenities include 24-hour access, a security system, and kitchen facilities. Suite layouts typically include adjustable open areas, and some spaces were previously used for professional offices such as a law office. On the second floor, the configuration includes private offices, bullpen-style areas with natural light, a kitchenette, and restrooms; the third floor includes private offices, cubicle areas, break rooms, a conference room, and restrooms; and the fourth floor includes private offices, break rooms, large open bullpen areas, and restrooms. The building is designed to support flexible floor plans across all levels, with build-to-suit potential for tailoring tenant improvements.

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

Location

24650 Center Ridge Rd Westlake, OH 44145
Westlake metro Census 189107 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

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

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
Zoning description

Office Building District is intended for both local and regional offices adjacent to business areas and accessible to residents and in which such uses are compatible with adjoining residential districts.

General category COMMERCIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message