Property profile

4807 Rockside Rd Independence, OH 44131

OFF-MARKET
Office buildings
Property ID
US66-5576651
91,350 SF 7.96 ac lot Built 1979
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

An office suite totaling 1,634 square feet is located along the Rockside Road Corridor. The building features extensive window frontage that provides natural light to the office suites, and the common areas include a lobby and corridor spaces planned for extensive remodeling. Building amenities include a conference and training center and an on-site deli. The property is positioned for access to the I-77, I-480, and I-271 interchange, with nearby dining, lodging, and entertainment options along the corridor.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 91,350 SF
Lot 7.96 ac (346,777 SF)
Zoning code U-5-HR
APN 561-18-017
UPID US66-5576651

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
  • Accounting Firm
  • Dental Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Medical Clinic
  • Factory Production Facility

Location

4807 Rockside Rd Independence, OH 44131-2192
Independence metro Census 156101 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.39M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.05M
Blend (final) Blend
$7.01M

Owner & transaction history

since 2022
Last sale
$5.0M
2 recorded transactions
2022
Price N/A
2022
$5.0M

Zoning & alternative use

U-5-HR · Independence, OH
Zoning description

The intent of this zone is to promote office building high-rise uses

General category UNKNOWN

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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