Technical
Financial
Distress signals
Property profile

3535 Lee Rd Shaker Heights, OH 44120

OFF-MARKET
Office buildings
Property ID
US66-5683297
7,552 SF 0.67 ac lot Built 1956
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1956
Construction TYPE NOT SPECIFIED
Total area 7,552 SF
Lot 0.67 ac (29,297 SF)
Zoning code CM
APN 735-28-005
UPID US66-5683297

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
  • Medical Clinic Hospital
  • Home Health Care Service
  • Counselor Addiction Treatment Center
  • Physician Medical Clinic
  • Crisis Center Medical Clinic

Location

3535 Lee Rd Shaker Heights, OH 44120-5122
Shaker Heights metro Census 183604 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.69M
Comparable Approach Comparable
$996k
Blend (final) Blend
$1.25M

Owner & transaction history

since 2016
7 recorded transactions
2019
Price N/A
2018
Price N/A
2016
Price N/A
2014
Price N/A
2008
$400,000
1998
$279,900
1969
Price N/A

Zoning & alternative use

CM · Shaker Heights, OH
Zoning description

District is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience…

General category MIXED_USE
Top alternative use upside
Restaurant $1.3M +4.3%

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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