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Property profile & analytics
OFF-MARKET Estimated value $5,280,000
Office buildings

6000 Parkland Blvd Mayfield Heights, OH 44124-6120

37,868 SF 6.3 ac lot Built 1986
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US66-1521964
Property summary
AI-generated overview

This exceptional Class A office building, located at 6000 Parkland Blvd in Mayfield Heights, Ohio (44124), presents a unique leasing opportunity. The entire 38,666 square foot building is currently vacant and available for lease. Built in 1986 and extensively renovated in 2015, this three-story structure offers three individual suites, with a minimum divisible space of 12,889 square feet and a maximum contiguous space of 12,889 square feet. The property boasts ample parking with 409 spaces, ensuring convenient access for tenants and their clients. Two modern elevators efficiently service all three floors. Situated in the desirable Landerbrook submarket of Cuyahoga County, this building benefits from excellent visibility and accessibility via its convenient location near Lander Rd. The property's executive office subtype caters to businesses seeking a prestigious and well-maintained workspace. This is an exceptional opportunity to secure a high-quality, fully available office building in a prime location. The building's modern amenities and strategic location make it an ideal choice for discerning businesses seeking a sophisticated and functional office environment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction TYPE NOT SPECIFIED
Total area 37,868 SF
Lot 6.3 ac (274,488 SF)
Zoning code U-7
APN 863-17-002
UPID US66-1521964
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
$6.34M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.28M
Owner & transaction history
Summit Park Tic I LLC · 10 yrs held
Summit Park Tic I LLC
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
U-7 · Mayfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $6.4M +4.3%
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