Property profile

25701 Lakeland Blvd Euclid, OH 44132

FOR LEASE
Warehouses
Property ID
US66-0893564
41,378 SF 2.7 ac lot Built 1966
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 43,812-square-foot medical office building in Euclid, Ohio, presents a unique investment opportunity. Situated on a 2.7-acre lot at 25701 N Lakeland Blvd, this Class B property boasts 11,350 square feet of vacant space, perfect for immediate occupancy. Built in 1965, the four-story building features 250 convenient surface parking spaces, two elevators, and a U8 zoning designation. The property benefits from recent upgrades, including a resealed parking lot, new roofing, and extensive interior renovations. Amenities include air conditioning, central heating, a security system, soundproof walls, and a kitchen. Its prime location offers excellent highway access via Interstate 90, providing easy commutes for employees and clients from surrounding areas like University Heights and Mayfield Heights. The building enjoys high visibility and proximity to major retailers, including CVS, Chase Bank, and an Amazon fulfillment center. This is an ideal location for medical practices seeking a well-maintained, conveniently located space with ample parking and immediate occupancy potential. The current incentives include one month of free rent, free build-out, and all utilities paid with a small utility fee. This presents a compelling opportunity to establish or expand a medical practice in a thriving area with strong access to major transportation routes and a variety of amenities.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1966
Construction TYPE NOT SPECIFIED
Total area 41,378 SF
Lot 2.7 ac (117,554 SF)
Zoning code U8
APN 643-25-010
UPID US66-0893564

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

25701 Lakeland Blvd Euclid, OH 44132
Euclid metro Census 152303 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
by Request
Comparable Approach Comparable
$470k
Blend (final) Blend
$650k

Owner & transaction history

since 2013
7 recorded transactions
2013
$136,000
2011
Price N/A
2006
Price N/A
2002
$551,100
2001
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

U8 · Euclid, OH
Zoning description

. 1359.08 LOT AREA AND SETBACK REQUIREMENTS. CHAPTER 1360 U5 Commercial Districts (Repealed) CHAPTER 1361 U6 Industrial and Manufacturing Districts (Repealed) CHAPTER 1362 U7 Light Industrial Park Districts CHAPTER 1363…

General category OPEN_SPACE

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
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