Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29500 Aurora Rd Ste, Unit 14 Solon, OH 44139-7214
    Back to Search
    Property profile & analytics

    29500 Aurora Rd Ste, Unit 14, Solon, OH 44139-7214

    View on Map
    • Office Spaces
    • 1,950 SF
    • 0.31 lot acres
    Off-Market
    Last Sale Nov 21, 2024
    $315,000
    Property ID
    US66-2929913
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 29500 Aurora Rd Ste

    Year built
    1997
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.31 lot acres
    Property type
    Office Spaces
    APN
    951-20-314
    APU
    95120314

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 7, 2018 $137,500 Bgla Investments LLC Wang,jihruey T Warranty Deed —
    Jun 13, 2007 — Jihruey T Wang Wang,jihruey T Quit Claim Deed · related —
    Aug 31, 2005 $185,000 Jihruey T Wang Nelson,william J II & Janis A H Warranty Deed $148k · Park View Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Solon
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4701
    Latitude
    41.3976
    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
    $4,385
    $12,080
    $36,050
    $48,130
    -
    $34,500
    $103,000
    $137,500

    Comparable in this City

    • Value Estimation by Request
      10,500 SF

      29500 Aurora Rd

      Flex space
      29500 Aurora Rd, Solon, OH 44139
      View Details
    • Value Estimation by Request
      2,040 SF

      31300 Solon Rd Ste, Unit 2

      CONDOMINIUM OFFICES
      31300 Solon Rd Ste, Solon, OH 44139-3570
      View Details
    • Value Estimation by Request
      2,571 SF

      30405 Solon Rd Ste, Unit 16

      CONDOMINIUM OFFICES
      30405 Solon Rd Ste, Solon, OH 44139-3477
      View Details
    • Value Estimation by Request
      1,950 SF

      29500 Aurora Rd Ste, Unit 2

      CONDOMINIUM OFFICES
      29500 Aurora Rd Ste, Solon, OH 44139-7214
      View Details
    • Value Estimation by Request
      830 SF

      6200 Som Ctr Rd, Unit 22

      CONDOMINIUM OFFICES
      6200 Som Ctr Rd, Solon, OH 44139-2944
      View Details
    • Value Estimation by Request
      1,065 SF

      6200 Som Ctr Rd

      CONDOMINIUM OFFICES
      6200 Som Ctr Rd, Solon, OH 44139-2944
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Two-Story Office Complex For Sale

      Two-story office complex with five tenants and updated features.
      30670 Bainbridge Rd, Solon, OH 44139
      View Details
    • Contact for pricing
      15,160 SF

      Solon Office Building For Sale

      High-end, fully furnished office building ideal for corporate headquarters.
      33095 Bainbridge Rd, Solon, OH 44139
      View Details
    • Contact for pricing
      10,560 SF

      Solon Office Building For Sale

      10,560 SF office building available in Solon, Ohio.
      30670 Bainbridge Rd, Solon, OH 44139
      View Details
    • Contact for pricing
      8,992 SF

      Solon Single-Story Office Space

      Large single-story office space with modern finishes and ample parking.
      31500 Bainbridge Rd, Solon, OH 44139
      View Details
    • Contact for pricing
      1,335 SF

      Solon Road Commercial Property

      Commercial property in high-traffic Solon location, suitable for medical/professional use.
      33001 Solon Rd, Solon, OH 44139
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Rent

      Office property available for rent at 31500 Bainbridge Road.
      31500 Bainbridge Rd, Solon, OH 44139
      View Details
    • $12 SF/Yr
      10,500 SF

      Solon Flex Space For Lease

      Modern Flex Units, Excellent Location
      29500 Aurora Rd, Solon, OH 44139
      View Details
    • Contact for pricing

      Solon Warehouse and Office Space

      Available warehouse and office space with close highway access.
      30310 Emerald Valley Pkwy, Solon, OH 44139
      View Details
    • $10 SF/Yr
      11,812 SF

      Solon Flex Space Available

      Flex space featuring warehouse, office, and clean room areas.
      6565 Davis Industrial Pkwy, Solon, OH 44139
      View Details
    • New
      $500 /Mo
      8,712 SF

      Professional Office Space in Solon

      Flexible private offices with shared amenities in Solon, Ohio.
      31320 Solon Rd, Solon, OH 44139
      View Details
    • $11 SF/Yr
      46,450 SF

      Solon Office Space Available

      46,450 square feet of office space for lease.
      30825 Aurora Rd, Solon, OH 44139
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29500 Aurora Rd Ste, Unit 14
    Solon, OH 44139-7214
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    29500 Aurora Rd Ste, Solon, OH, 44139
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!