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Property profile & analytics
OFF-MARKET Estimated value $920,000
Commercial real estate

5873 Mayfield Rd Mayfield Heights, OH 44124-2904

0.26 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US66-2466934
Property summary
AI-generated overview

This exceptional 1,500 square foot retail space is ideally located at 5873 Mayfield Road in Mayfield Heights, Ohio, 44124, in Cuyahoga County. Situated on Mayfield Road, this property boasts prime visibility and high traffic counts due to its location directly across from a newly constructed Sheetz, Raising Cane's, and Verizon store. The space is available for lease and is suitable for a variety of uses, including inline retail, endcap retail, gym/fitness center, office space, restaurant, or storefront. The tenancy is multiple, offering flexibility for potential tenants. The property's address is 5873 Mayfield Road, with a cross street of Belrose Road. This location offers unparalleled access to a dense population base and significant consumer traffic, making it an exceptional opportunity for businesses seeking high visibility and strong foot traffic. The property type is retail, and the space is currently vacant. This is a rare opportunity to secure a highly desirable retail space in a thriving commercial area. Interested parties should inquire promptly to learn more about lease terms and availability.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.26 ac (11,500 SF)
Zoning code U-4
APN 861-05-012
UPID US66-2466934
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
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$920k
Owner & transaction history
MSCHER HOLDINGS, LLC · 5 yrs held
MSCHER HOLDINGS, LLC
since 2021
Last sale
$950,000
1 recorded transaction
2021
$950,000
Zoning & alternative use
U-4 · Mayfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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