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Property profile & analytics
FOR LEASE
Office buildings

34100 Center Ridge Rd North Ridgeville, OH 44039

8,006 SF 1 ac lot Built 1979
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US66-0380594
Property summary
AI-generated overview

This well-maintained, single-story office building in North Ridgeville, Lorain County, offers multiple suites ranging from 156 to 1,200 square feet. Located on a one-acre lot, the 16,000 square foot building was constructed in 1979. The property boasts ample parking and is ideally situated for convenient access. Currently occupied by a diverse tenant mix including a dental office, a State Farm agency, and a pediatrician's office, this presents a strong opportunity for new businesses to join an established community. Each suite offers approximately 150 square feet of customizable space, allowing for flexibility to meet individual business needs. All utilities—gas, electric, water, lawn care, snow removal, and trash disposal—are covered by the ownership, minimizing tenant expenses. Tenants are only responsible for cable, phone, and internet services. The owner is open to negotiating desired renovations, providing an opportunity to tailor the space to specific requirements. This is a rare opportunity to secure office space in a highly desirable location with excellent amenities and a supportive ownership structure.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 8,006 SF
Lot 1 ac (43,560 SF)
APN 07-00-017-129-071
UPID US66-0380594
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.66M
Comparable Approach Comparable
$958k
Blend (final) Blend
$1.30M
Owner & transaction history
Center Ridge Professional Plaza LLC · 8 yrs held
Center Ridge Professional Plaza LLC
since 2018
2 recorded transactions
2018
$750,000
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.3M +62.5%
Apartment house (5+ units) $1.1M +44.4%
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More about this property
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