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Property profile & analytics
OFF-MARKET Estimated value $1,590,000
Outlet malls

5500 Wallings Rd North Royalton, OH 44133-3030

43,900 SF 4.34 ac lot Built 1978
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US66-1571561
Property summary
AI-generated overview

This exceptional single-story, 43,900 square foot commercial property, located at 5500 Wallings Road in North Royalton, Ohio, presents a unique investment opportunity. The building, situated on a 4.84-acre lot, features a mix of retail and office space, currently offering 7,197 square feet of vacant space. The property is zoned LB and is conveniently located at the northwest corner of State Road and Wallings Road, providing excellent visibility and accessibility. The site boasts a substantial 247-space parking lot, ensuring ample parking for tenants and customers. The building is anchored by Discount Drug Mart, providing a strong draw for foot traffic. Available space ranges from a minimum of 1,260 square feet to a maximum contiguous space of 5,937 square feet, making it suitable for a variety of businesses. The property benefits from easy access to I-77, enhancing its appeal to commuters and businesses. Recent improvements include a new storefront and patio. The high traffic count of 21,668 vehicles per day (ADT) on Wallings Road and State Road further underscores the property's prime location and potential for success. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Cuyahoga County market. The property's features, including ample parking and high visibility, make it an ideal location for a variety of businesses. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1978
Construction TYPE NOT SPECIFIED
Total area 43,900 SF
Lot 4.34 ac (189,161 SF)
Zoning code LB
APN 489-11-004
UPID US66-1571561
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
$2.07M
Blend (final) Blend
$1.59M
Owner & transaction history
Ja-ba-an Dev Co
Ja-ba-an Dev Co
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LB · North Royalton, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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