Property profile

31525 Aurora Rd Solon, OH 44139

OFF-MARKET
Manufacturing properties
Property ID
US66-0662194
29,460 SF 2.49 ac lot Built 1964
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,200-square-foot industrial warehouse is ideally situated at 31525 Aurora Rd in Solon, Ohio, within Cuyahoga County. The property boasts a single-tenant occupancy, making it an attractive investment opportunity for owner-occupiers or investors seeking a stable, long-term lease. The warehouse is classified as an industrial property with a warehouse subtype, offering ample space for various industrial uses. Its location in Solon, Ohio, provides convenient access to major transportation routes, enhancing logistical efficiency for businesses operating within the area. The property's address is precisely 31525 Aurora Rd, zip code 44139, offering easy navigation and identification. This single-tenant structure presents a streamlined management approach, minimizing complexities associated with multiple tenants. The property's size, location, and single-tenant status combine to create a compelling proposition for those seeking a functional and strategically located industrial space in the thriving Solon market. Further details regarding the property's internal layout, features, and lease terms are available upon request. This is a prime opportunity to acquire a well-positioned industrial asset in a desirable location. The property is ready for immediate occupancy or lease.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1964
Construction TYPE NOT SPECIFIED
Total area 29,460 SF
Lot 2.49 ac (108,464 SF)
Zoning code I-2
APN 953-37-029
UPID US66-0662194

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
  • Factory Industrial Manufacturer
  • Landscaping General Contractor
  • Employment Agency
  • Advertising Agency Marketing & Advertising
  • Limousine Service

Location

31525 Aurora Rd Solon, OH 44139-2700
Solon metro Census 184104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
$729k
Blend (final) Blend
$410k

Owner & transaction history

since 2020
Last sale
$450,000
5 recorded transactions
2020
Price N/A
2010
$450,000
2010
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

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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