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    Property profile & analytics

    27200 Cedar Rd, Unit 27350 Beachwood, OH 44122-8104

    • Medical offices
    • 5,082 SF
    • 23.15 lot acres
    OFF-MARKET
    Last Sale
    Dec 22, 2023
    $9,556,700
    Value Estimations
    $9,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2339373
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 27200 Cedar Rd

    Year built
    2010
    Construction
    TYPE NOT SPECIFIED
    Lot size
    23.15 lot acres
    Property size
    5,082 SF
    Zone code
    U-5
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    742-31-005
    APU
    74231005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,925,000
      ML approach
      $9,095,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beachwood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4861
    Latitude
    41.499
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,145
    $3,353,360
    $9,239,480
    $12,592,840
    -
    $9,581,000
    $26,398,500
    $35,979,500

    Comparable in this City

    • Value Estimation
      $2,875,000
      20,209 SF

      3755 Orange Pl

      MEDICAL BUILDING • 20,209 SF
      3755 Orange Pl, Beachwood, OH 44122-4426
      View Details
    • Value Estimation
      $6,080,000
      52,139 SF

      4100 Warrensville Ctr Rd

      MEDICAL BUILDING • 52,139 SF
      4100 Warrensville Ctr Rd, Beachwood, OH 44122-7024
      View Details
    • Value Estimation
      $15,085,000
      103,511 SF

      26900 Cedar Rd

      MEDICAL BUILDING • 103,511 SF
      26900 Cedar Rd, Beachwood, OH 44122-1191
      View Details
    • Value Estimation
      $13,480,000
      100,268 SF

      3909 Orange Pl

      MEDICAL BUILDING • 100,268 SF
      3909 Orange Pl, Beachwood, OH 44122-4478
      View Details
    • Value Estimation
      $945,000
      10,079 SF

      24025 Commerce Park

      MEDICAL BUILDING • 10,079 SF
      24025 Commerce Park, Beachwood, OH 44122-5809
      View Details
    • Value Estimation by Request
      54,947 SF

      3609 Park Dr

      Medical offices • 54,947 SF
      3609 Park Dr, Beachwood, OH 44122
      View Details

    Similar Nearby for Sale

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      128,729 SF

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      Prime Beachwood location, high NOI, value-add potential.
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    • $1,750,000
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      Beachwood Office Building For Sale

      Centrally located Beachwood office building with strong tenant mix.
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      59,168 SF

      Modern Office Space For Sale

      Class A office space with modern design and premium amenities.
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      31.00 Acres

      Chagrin Highlands Development Site

      31-Acre Mixed-Use Land in Highland Hills, OH
      0 Millcreek Blvd, Highland Hills, OH 44122
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      Prime Land Near Retail Corridor

      High-profile land with easy freeway access and retail proximity.
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      3.00 Acres

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      3-Acre Development Site in Warrensville Heights
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    Similar Nearby for Lease

    • $26 SF/Yr
      54,947 SF

      Parkway Medical Office Sublease

      2,214 SF Medical Office Space Available
      3609 Park Dr, Beachwood, OH 44122
      View Details
    • Contact for pricing
      28,074 SF

      Enterprise Place: Beachwood Office Space

      Class A Office Suites, Fully Renovated
      3401 Enterprise Pkwy, Beachwood, OH 44122
      View Details
    • $25 SF/Yr
      88,193 SF

      Parkway Medical Center: Medical Office Suites

      Beachwood medical office space, abundant parking.
      3609 Park East Dr, Beachwood, OH 44122
      View Details
    • $16 SF/Yr
      12,042 SF

      Beachwood Medical Office Space

      Prime Medical Office, 5,000 SF Available
      23600 Commerce Park Rd, Beachwood, OH 44122
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    • $19 SF/Yr
      3,043 SF

      Beachwood Office or Medical Space

      Office or medical space available for lease in Beachwood.
      23875 Commerce Park, Beachwood, OH 44122
      View Details
    • $27 SF/Yr
      1,628 SF

      Office Space Near Shopping Centers

      Office spaces available near Chagrin Blvd and shopping centers.
      26949 Chagrin Blvd, Beachwood, OH 44122
      View Details
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    Beachwood, OH 44122-8104
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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