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    FOR LEASE
    Warehouses

    25701 Lakeland Blvd, Euclid, OH 44132

    41,378 SF 2.7 ac lot Built 1966
    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US66-0893564
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $650k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $470k
    Blend (final) Blend
    $720k
    Owner & transaction history
    Lakeland Realty Management LLC · 12 yrs held
    Lakeland Realty Management LLC
    since 2013
    7 recorded transactions
    2013
    $136,000
    2011
    2006
    2002
    $551,100
    2001
    1969
    1969
    Zoning & alternative use
    U8 · Euclid, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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