36701 American Way Avon, OH 44011-4063
Property Lookup
Property profile & analytics
36701 American Way Avon, OH 44011-4063
- Medical Office Space
- 2,970 SF
- 0.07 lot acres
Property ID
US66-4394573
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
- Dr. Jennifer Gould / Physician / Medical Clinic
- Mrs. Renee Ott / Physician
- Jennifer Wesley W. Gould / Physician / Medical Clinic
- Justin Hastings / Physician / Medical Clinic
- Dr. Paul Bedocs / Physician / Medical Clinic
Property Details for 36701 American Way
- Lot size
- 0.07 lot acres
- Property size
- 2,970 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 04-00-016-702-007
- APU
- 400016702007
Description
This exceptional Class A, 3,026 square foot medical office condo in Avon, Ohio, presents a compelling investment opportunity. Located at 36701 American Way, this fee-simple property boasts a 100% occupancy rate with a single tenant, Dermatologists of Southwest Ohio, under a triple-net (NNN) lease. The tenant, established in 2008, recently extended their lease in 2019 for an additional eight years, demonstrating strong commitment to the location. This two-story building, constructed in 2008, offers a hands-off investment experience, with the tenant responsible for all interior maintenance, HVAC, real estate taxes, insurance, and common area maintenance. The property benefits from an excellent location, offering convenient access to Interstate 90 and a strong co-tenancy including the Cleveland Clinic Family Health Center and Cleveland Eye Clinic, attracting patients from multiple counties. The asking price is $771,300, representing a highly attractive 8.45% cap rate and a price per square foot of $254.89. This investment provides a depreciable asset with above-market returns, making it an ideal addition to any portfolio. The property is part of a larger complex known as "American Way," further enhancing its visibility and appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $765,000
- ML approach
- $695,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $595,000
- 6.5%
- $550,000
- 7%
- $510,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Avon
- County
- Lorain
- State
- Ohio
- Longitude
- -82.0279
- Latitude
- 41.4655
- 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
$12,763
$40,541
$158,263
$198,804
-
$115,830
$452,180
$568,010
