Property profile

399 Frnt St Berea, OH 44017

OFF-MARKET
Office buildings
Property ID
US66-2343212
2,384 SF 0.31 ac lot Built 1873
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A freestanding commercial building totaling approximately 3,000 square feet, zoned for office and retail use. The property is situated on a corner lot with two driveways providing access from Front St. and 5th Avenue, and it has prominent street signage and surface parking. It is located near Cleveland Hopkins Airport and Interstates 71 and 480, within walking distance of Baldwin Wallace College, and close to downtown Berea. The building includes a wrap-around porch, with additional storage space in the basement and attic, and is equipped with a CAT5 network and phone system. HVAC and utilities are provided via separate furnace, A/C, and electric systems, and the layout includes separate entrances and restrooms.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1873
Construction WOOD
Total area 2,384 SF
Lot 0.31 ac (13,603 SF)
Zoning code R-O
APN 362-13-044
UPID US66-2343212

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

399 Frnt St Berea, OH 44017
Berea metro Census 134204 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2021
Last sale
$225,000
5 recorded transactions
2021
$225,000
2021
$666,600
2021
$6,666
2019
$9,925
2007
$19,850

Zoning & alternative use

R-O · Berea, OH

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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