Property profile

29125 Solon Rd Solon, OH 44139

OFF-MARKET
Manufacturing properties
Property ID
US66-6028592
46,740 SF 5.67 ac lot Built 1980
Entity Owned 22-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1980
Construction TYPE NOT SPECIFIED
Total area 46,740 SF
Lot 5.67 ac (246,837 SF)
Zoning code I-2
APN 953-07-007
UPID US66-6028592

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Accounting Firm Loan Service

Location

29125 Solon Rd Solon, OH 44139-3442
Solon metro Census 184104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.96M
Comparable Approach Comparable
$2.55M
Blend (final) Blend
$890k

Owner & transaction history

since 2004
4 recorded transactions
2004
$3.6M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I-2 · Solon, OH
Zoning description

CHAPTER 1280 “I-2” (INDUSTRIAL MANUFACTURING) CHAPTER 1281 “I-3” (INDUSTRIAL AUTO SERVICE) CHAPTER 1282 “G-1” (GREENSPACE) CHAPTER 1283 “G-2” (PARKS AND RECREATION) CHAPTER 1284 “MPD” (MIXED-USE PLANNING DISTRICT) CHAPTE…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $4.2M +106.3%
Commercial (general) $3.9M +92.2%
Apartment house (5+ units) $3.5M +71.6%

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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