24700 Ctr Rdg Rd2a3 Westlake, OH 44145-5636
This 55,000 dollar office condominium is situated at 24700 Center Ridge Road, Unit 314, in the desirable city of Westlake, Ohio. The property is a conveniently located office space perfect for a small business such as an accountant's office, insurance agency, or a small medical practice. This third-floor unit offers easy access via elevator and multiple entrances, ensuring convenient access for clients and staff. The unit includes a dedicated waiting area for clients, providing a professional and welcoming atmosphere. Ample parking is available for both staff and visitors. Currently vacant, this property is readily available for immediate occupancy and offers easy showing capabilities. The unit sits on a 0.02-acre lot. The monthly association fee of $357 covers essential utilities and maintenance, including heat, water, and sewer services. This significantly reduces the operational overhead for the new owner. This turnkey solution presents a fantastic opportunity for a small business seeking a well-maintained, conveniently located office space in a thriving community. The property's location near major highways provides excellent accessibility for clients and employees.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.