303 E Royalton Rd Broadview Heights, OH
Property Lookup
Property profile & analytics
303 E Royalton Rd Broadview Heights, OH
- Medical Office Space
- 21,054 SF
- 0.69 lot acres
Property ID
US66-4571003
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.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 303 E Royalton Rd
- Year built
- 2001
- Lot size
- 0.69 lot acres
- Property size
- 21,054 SF
- Zone code
- C-4
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 583-12-072
- APU
- 58312072
Description
This exceptional 22,000-square-foot medical office building presents a compelling investment opportunity. Situated in the desirable Wellpoint Plaza in Broadview Heights, Ohio, this freestanding, three-story structure enjoys a prime location within a thriving neighborhood retail center. The building's state-of-the-art design and amenities make it ideal for medical practices seeking a high-visibility presence. Its convenient location offers easy access to major roadways, including proximity to I-77 (1.9 miles or a 5-minute drive). The property's 1.5-acre lot provides ample space and parking. Furthermore, its location within walking distance of City Hall and the Recreation Center, coupled with its proximity to popular establishments like Handel's Ice Cream and The Boneyard, ensures high foot traffic and visibility. The surrounding area boasts highly-rated Brecksville Broadview Heights Schools, consistently ranked among the top 20 in Ohio. This property offers a unique blend of convenience, visibility, and a strong community presence, making it an exceptional investment for discerning medical professionals. The building's modern design and ample space cater to a variety of medical specialties. This is a rare opportunity to acquire a well-situated, high-quality medical office building in a thriving Ohio community. The address is 303 E Royalton Rd, Broadview Heights, OH 44147.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,870,000
- 6.5%
- $3,570,000
- 7%
- $3,315,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,039,000
- AI Estimate
- $2,146,000
Market price range: $1.23M - $3.59MMarket price range: $720k - $2.49M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,310,000 Current use
- RESTAURANT
- $3,760,000 Change: +63% Conversion: Difficult
- OFFICE BUILDING
- $3,435,000 Change: +49% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $2,230,000 Change: -3% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,970,000 Change: -15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,915,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Broadview Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6823
- Latitude
- 41.315
- 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
$85,677
$167,510
$853,300
$1,020,810
-
$478,600
$2,438,000
$2,916,600
