5940 Mayfield Rd Mayfield Heights, OH 44124
Property Lookup
Property profile & analytics
5940 Mayfield Rd Mayfield Heights, OH 44124
- Retail space
- 7,396 SF
- 0.99 lot acres
Property ID
US66-2681600
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.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 5940 Mayfield Rd
- Year built
- 2015
- Lot size
- 0.99 lot acres
- Property size
- 7,396 SF
- Zone code
- U-4
- Property type
- Retail space
- APN
- 861-28-043
- APU
- 86128043
Description
This exceptional 13.548-acre land parcel, located at 5940 Mayfield Rd in Mayfield Heights, Ohio (zip code 44124), presents a unique investment opportunity. Zoned U-4, this expansive site offers significant potential for mixed-use development. The property boasts a prime location in a densely populated eastern suburb of Cleveland, with existing tenants including Starbucks, Raising Cane's, Verizon, and a Sheetz gas station. Up to approximately six acres of this land is available for development, representing the largest undeveloped parcel in the immediate area. This presents a rare chance to establish a retail anchor or develop medical office and senior living facilities. The property's APN numbers are 86124069, 86128048, and 86128049, within Cuyahoga County. This single-tenant land offering is ideal for developers seeking a high-visibility location with strong existing infrastructure and significant growth potential. The property's size and zoning provide considerable flexibility for a variety of commercial ventures. Don't miss this opportunity to acquire a substantial land holding in a thriving market. Contact us today to learn more about this exceptional development opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $734,000
Market price range: $213k - $815k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $475,000 Current use
- MEDICAL BUILDING
- $805,000 Change: +70% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $750,000 Change: +58% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $660,000 Change: +39% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $615,000 Change: +29% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $545,000 Change: +15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mayfield Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.465
- Latitude
- 41.5196
- 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
$38,406
$181,790
$243,080
$424,870
-
$519,400
$694,500
$1,213,900
