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Property profile & analytics
OFF-MARKET
Office Spaces

24700 Ctr Rdg Rd2a3 Westlake, OH 44145-5636

542 SF 0.02 ac lot Built 1973
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-1446478
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1973
Construction TYPE NOT SPECIFIED
Total area 542 SF
Lot 0.02 ac (1,008 SF)
APN 213-28-484
UPID US66-1446478
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
King James Park I LLC · 3 yrs held
King James Park I LLC
since 2023
Last sale
$39,000
2 recorded transactions
2023
$39,000
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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