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Property profile & analytics
OFF-MARKET Estimated value $15,085,000
Medical Office Space

26900 Cedar Rd Beachwood, OH 44122-1191

103,511 SF 6.62 ac lot Built 1979
Individually Owned 24-yr Hold Free & Clear
Property ID
US66-1257874
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Construction CONCRETE
Total area 103,511 SF
Lot 6.62 ac (288,541 SF)
Zoning code U-7A
APN 741-25-001
UPID US66-1257874
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
$15.83M
Comparable Approach Comparable
$17.06M
Blend (final) Blend
$15.09M
Owner & transaction history
Cleveland Clinic Foundation · 24 yrs held
Cleveland Clinic Foundation
since 2002
4 recorded transactions
2002
Price N/A
2002
Price N/A
2001
$23.2M
2000
Price N/A
Zoning & alternative use
U-7A · Beachwood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 specifically designated as Class U-7A uses in Section 1111.02 , except that other similar harmonious and compatible uses, as may be determined by the Commission and approved by Council, may be permitted. Accessory uses cus…

Zone name General Office
General category RESIDENTIAL
Zone area 110.37 ac
Source codified ordinances
Top alternative use upside
Restaurant $17.5M +55.2%
Office building $11.4M +1.2%
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