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    4127 Mayfield Rd South Euclid, OH 44121

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    4127 Mayfield Rd South Euclid, OH 44121

    View on Map
    • Retail space
    • 5,226 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Jan 12, 2026
    $290,000
    Property ID
    US66-0958804
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 4127 Mayfield Rd

    Year built
    1953
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.15 lot acres
    Property size
    5,226 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    702-05-017
    APU
    70205017

    Description

    This exceptional 9,000 square foot commercial property, located on the north side of Mayfield Road in Cleveland's Cuyahoga County, presents a unique investment opportunity. Situated between Warrensville Center Road and South Belvoir Boulevard, this prime location offers excellent visibility and accessibility. The building is currently configured as a multi-tenant space, with three suites available for lease. Flexible space options cater to a variety of business needs, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 7,000 square feet. The property's classification as both retail and office space, specifically highlighting its "Creative Office" subtype, makes it ideal for businesses seeking a blend of functionality and aesthetic appeal. The building's versatile layout allows for customization to suit individual tenant requirements. This is an excellent opportunity to establish a presence in a thriving Cleveland submarket, benefiting from high traffic volume and proximity to key transportation routes. The property's diverse space options make it suitable for a range of businesses, from small startups to established enterprises. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional Mayfield Road location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Euclid
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5315
    Latitude
    41.521
    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
    $6,665
    $11,170
    $43,090
    $54,260
    -
    $31,900
    $123,100
    $155,000

    Comparable in this City

    • Value Estimation by Request
      2,300 SF

      4595 Mayfield Rd

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      View Details
    • Value Estimation by Request
      3,324 SF

      1970 Warrensville Ctr Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,324 SF
      1970 Warrensville Ctr Rd, South Euclid, OH 44121-2635
      View Details
    • Value Estimation by Request
      5,356 SF

      14409 Cedar Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,356 SF
      14409 Cedar Rd, South Euclid, OH 44121-3309
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    • Value Estimation by Request
      10,223 SF

      501 Grn Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,223 SF
      501 Grn Rd, South Euclid, OH 44121-2837
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    • Value Estimation by Request
      3,060 SF

      2851 Noble Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,060 SF
      2851 Noble Rd, Cleveland Heights, OH 44121-2232
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    • Value Estimation by Request
      960 SF

      4321 Mayfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      4321 Mayfield Rd, South Euclid, OH 44121-3662
      View Details

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      Cleared Lot in Cleveland Heights

      Cleared land lot suitable for building a home.
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    • New
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    Similar Nearby for Lease

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      Retail Space in High-Traffic Area

      3,557 SF retail space at a busy intersection.
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      Retail Space on Mayfield Road

      Retail spaces available in high-traffic, densely populated area.
      5141 Mayfield Rd, Cleveland, OH 44121
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    South Euclid, OH 44121
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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