Technical
Financial
Distress signals
Property profile

29225 Chagrin Blvd Beachwood, OH 44122

OFF-MARKET
Office buildings
Property ID
US66-2072974
35,835 SF 2.01 ac lot Built 1979
Individually Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Courtlands Building offers exceptional executive office space in a desirable Cuyahoga County location. This Class B, three-story building, constructed in 1979 and extensively renovated in 2021, boasts a total of 33,000 square feet. The property features three suites, with a minimum divisible space of 1,930 square feet and a maximum contiguous space of 7,595 square feet. Currently, there are multiple suites available for lease. The building provides ample parking with 200+ spaces and convenient elevator access. Its prime location offers easy access to premier shopping destinations such as Eton Collection, Harvard Park, and Pinecrest shopping centers. Available spaces offer a combination of perimeter offices, well-appointed conference rooms, and adaptable open work areas, ideal for a variety of business needs. This is a first-class office community, perfect for businesses seeking a sophisticated and convenient location. Immediate occupancy is available for spaces ranging from 1,930 to 7,595 square feet on the third floor.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 35,835 SF
Lot 2.01 ac (87,499 SF)
Zoning code U-3
APN 872-17-040
UPID US66-2072974

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
  • Loan Service Bank
  • Loan Service Bank
  • Physician Medical Clinic
  • Real Estate Agency
  • Real Estate Auctioneer

Location

29225 Chagrin Blvd Beachwood, OH 44122-4645
Beachwood metro Census 179101 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.67M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.60M
Blend (final) Blend
$5.75M

Owner & transaction history

since 2020
Last sale
$4.8M
7 recorded transactions
2020
Price N/A
2020
$4.8M
2014
$1.4M
2014
$3.1M
2014
$113,125
2014
Price N/A
2011
Price N/A

Zoning & alternative use

U-3 · Beachwood, OH
Zoning description

moved or maintained in a U-3 District only for the uses set forth in this section and the use regulations of this Code. (a) Main Uses . Multi-family dwellings. (b) Accessory Uses . Accessory uses shall be designated and…

General category UNKNOWN
Top alternative use upside
Restaurant $6.0M +53.5%

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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