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Property profile & analytics
FOR LEASE
Community centers

4025 Richmond Rd Warrensville Heights, OH 44122

60,691 SF 24.89 ac lot Built 2006
Individually Owned 1-yr Hold Free & Clear
Property ID
US66-3635207
Property summary
AI-generated overview

Harvard Park offers a unique investment opportunity in a thriving Cuyahoga County location. This power/strip center boasts 234,035 square feet of retail space situated at the southwest corner of Interstate 271 and Harvard Road. Its strategic location within the 630-acre Chagrin Highlands development provides exceptional visibility and accessibility. The development is anchored by major businesses including University Hospitals Ahuja Medical Center, Life Time Fitness, and Eaton Corporation, ensuring a high volume of foot traffic and a strong consumer base. Harvard Park's diverse tenant mix includes well-established national brands such as HomeGoods, Ulta, ALDI, Golf Galaxy, Marshalls, DSW, OfficeMax, Five Below, Value City Furniture, Famous Footwear, Panera Bread, Five Guys, Robeks, and Dave's Hot Chicken. This ensures a consistent flow of customers and a stable income stream. Currently, there are two available spaces: one measuring 2,468 square feet and another measuring 2,402 square feet, presenting an excellent opportunity for expansion or new business ventures within this successful retail environment. The center's prime location and strong tenant occupancy make it an attractive investment for discerning buyers seeking a high-performing retail property in a rapidly growing area.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 2006
Total area 60,691 SF
Lot 24.89 ac (1,084,198 SF)
Zoning code U-7
APN 763-33-002
UPID US66-3635207
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.74M
Owner & transaction history
Burlington Coat Factory Of Texas In · 1 yrs held
Burlington Coat Factory Of Texas In
since 2024
4 recorded transactions
2024
Price N/A
2024
Price N/A
2024
Price N/A
2023
Price N/A
Zoning & alternative use
U-7 · Beachwood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source codified ordinances
Top alternative use upside
Restaurant $10.2M +66.5%
Office building $6.7M +8.5%
Medical building $6.6M +7.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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