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Property profile

5755 Granger Rd Independence, OH 44131

Office buildings
Property ID
US66-1403496
View Sample
100,918 SF 4.88 ac lot Built 1969
Entity Owned ~ Est. High Equity
5755 Granger Rd, Independence, OH 44131 For Sale
$1,900,000 100,918 SF
5755 Granger Rd, Independence, OH 44131
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Property summary

AI-generated overview

This nine-story, multi-tenant office complex presents a compelling investment opportunity. The 90,000 square foot building (82,916 square feet rentable) sits on a 4.88-acre lot in Independence, Ohio, within Cuyahoga County's third-largest submarket. Currently 71% occupied, this Class B building offers significant upside potential due to below-market lease rates. The property boasts 250 parking spaces, with additional land available for expansion. Conveniently located near I-77, I-480, and SR 17 (Jennings Freeway), it offers easy access while avoiding the congestion of Rockside Road. Amenities include a full-service cafe in the main lobby and an on-site conferencing center. Built in 1969, the building features large windows providing excellent natural light and views. The asking price is $1,900,000, translating to $21.11 per square foot. The property is zoned for General Industrial use and features a modified lease type with credit-rated tenants. This stabilized investment is for sale by owner and presents an outstanding opportunity for an entrepreneurial investor or owner/user. The property's address is 5755 Granger Rd, Independence, OH 44131 (APN: 561-02-024).

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Construction TYPE NOT SPECIFIED
Total area 100,918 SF
Lot 4.88 ac (212,442 SF)
Zoning code U-6
APN 561-02-024
UPID US66-1403496

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$10.24M
Blend (final) Blend
$1.38M

Owner & transaction history

since 2026
7 recorded transactions
2026
$2.0M
2025
Price N/A
2019
Price N/A
2018
$2.8M
2018
Price N/A
2018
Price N/A
2011
Price N/A

Zoning & alternative use

U-6 · Independence, OH
Zoning description

The intent of this zone is to promote commercial or industrial uses

General category INDUSTRIAL

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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