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Property profile & analytics
FOR LEASE
Medical Office Space
29101 Health Campus Dr Westlake, OH 44145
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1076545
For Lease
$19.50 SF/Yr
29101 Health Campus Dr, Westlake, OH 44145
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
TYPE NOT SPECIFIED
Total area
64,000 SF
Lot
2.8 ac (121,800 SF)
Zoning code
HC
APN
216-11-025
UPID
US66-1076545
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
by Request
Comparable Approach
Comparable
$5.68M
Blend (final)
Blend
$5.12M
Owner & transaction history
Campus Medical Arts Building
Campus Medical Arts Building
2 recorded transactions
Zoning & alternative use
HC · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Health Campus District and its regulations are established in order to achieve, among others, is to regulate bulk and location of buildings in relation to the land in order to obtain proper light, air, privacy and usable open spaces appropriate for the District and to provide in appropriate and convenient locations, building districts of sufficient size…
Zone name
Health Campus
General category
OPEN_SPACE
Zone area
100.89 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$7.1M
+1.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,955,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,070,000
Change: +2% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,485,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,695,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.12M
Range $4.60M – $5.63M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$80 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$133,823
Tax year 2023
Assessed value
$1,929,210
Assessed 2023
Previous assessed
$1,929,210
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$358,090
Assessed improvement
$1,571,120
Land market value
$1,023,100
Improvement market value
$4,488,900
Total market value
$5,512,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
4
Total area
64,000 SF
Lot
2.8 ac (121,800 SF)
Zoning code
HC
APN
216-11-025
UPID
US66-1076545
Jurisdiction
CUYAHOGA
Zoning & alternative use
HC · Westlake, OHZoning HC · permitted uses
HC · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Health Campus District and its regulations are established in order to achieve, among others, is to regulate bulk and location of buildings in relation to the land in order to obtain proper light, air, privacy and usable open spaces appropriate for the District and to provide in appropriate and convenient locations, building districts of sufficient size to serve and promote the health care and health maintenance needs of the community.
Zone name
Health Campus
General category
OPEN_SPACE
Zone area
100.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.7M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
4
Lot
2.8 ac
Current owner
From public records · entity-resolved
Campus Medical Arts Building
Individual
Mailing address
24700 CTR RDG RD, WESTLAKE, OH 44145-5636
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Campus Medical Arts Building
—
Deed Of Trust
related
$3,200,000 · General Elec Cap
—
—
Campus Medical Arts Building L
—
Deed Of Trust
related
$3,750,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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