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Property profile

24700 Chagrin Blvd Beachwood, OH 44122

FOR LEASE
Office buildings
Property ID
US66-1611905
34,560 SF 1.79 ac lot Built 1966
Last sale Jul 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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24700 Chagrin Blvd, Beachwood, OH 44122 For Lease
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24700 Chagrin Blvd, Beachwood, OH 44122
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Property summary

AI-generated overview

Commerce Park Plaza is a fee-simple office building situated in Beachwood, Ohio on the corner of Chagrin Boulevard and Commerce Park Drive, positioned along the Chagrin Boulevard corridor. The building is described as 100% fee-simple with an 80.25% leased office configuration and includes a ground-floor anchor tenant, US Bank, which has been in place for 27 years. The owners installed an entire-building boiler system in 2020. The property is within 3 miles of an employment base supporting…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$56k
Tax billed · 2023
Assessed value$700k
Assessed land$284k
Assessed improvement$416k
Effective rate8.05%

Value estimate

· Oct 2026
$1.27M
$1.14M – $1.39M
AI approach$1.27M
Submarket $/SF estimate$1.25M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$110/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$60 – $160

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
U-7A
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...
General categoryRESIDENTIAL
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store14.4
Auto Repair Shop14.1
Storage Facility11.4

Location

24700 Chagrin Blvd Beachwood, OH 44122
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
29325 Chagrin, Beachwood, OH 44122-4600 $2,525,000 May 2024 32,478 SF
23311 Commerce, Beachwood, OH 44122-5810 $1,410,383 Apr 2023 33,600 SF
3601 Grn, Beachwood, OH 44122-5725 $2,750,000 Feb 2022 36,624 SF
24400 Chagrin, Beachwood, OH 44122-5642 $3,208,997 Jul 2020 34,710 SF
20820 Chagrin, Shaker Heights, OH 44122-5323 $1,250,000 Jun 2020 37,677 SF
29225 Chagrin, Beachwood, OH 44122-4645 $4,800,000 Apr 2020 35,835 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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