6505 Mayfield Rd Mayfield Heights, OH 44124-3216
Property Lookup
Property profile & analytics
6505 Mayfield Rd Mayfield Heights, OH 44124-3216
- Retail space
- 12,300 SF
- 1.13 lot acres
Property ID
US66-1116882
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 6505 Mayfield Rd
- Year built
- 2004
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.13 lot acres
- Property size
- 12,300 SF
- Zone code
- U-4
- Property type
- Retail space
- APN
- 862-05-008
- APU
- 86205008
Description
This exceptional NNN retail investment opportunity, located at 6505 Mayfield Road in Mayfield Heights, Ohio, presents a compelling opportunity for investors seeking a stable, high-performing asset. The property, built in 2004, encompasses 15,003 square feet and is currently 100% occupied by two strong, long-term tenants: Pure Hockey and My Salon Suites. Both tenants have secured leases with a remaining term of over nine years, providing consistent and reliable income streams. The property boasts a strong NOI of $319,580, resulting in a 7.10% cap rate, and is priced at $4,500,000 ($299.94 per square foot). Situated at the high-traffic signalized intersection of Mayfield Road (Route 322) and Lander Road in Cuyahoga County, this prime location offers exceptional visibility and accessibility. The property benefits from its proximity to major highways, including Interstate 271, ensuring convenient access to the greater Cleveland metropolitan area and a diverse customer base. This turnkey investment offers a low-maintenance, high-visibility opportunity in a thriving retail hub, making it an ideal addition to any portfolio. The property features ample signage opportunities, further enhancing its appeal to potential tenants and maximizing its investment potential. This multi-tenant storefront property provides a secure and profitable investment with significant long-term growth prospects.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $557,000
Market price range: $201k - $558k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $790,000 Current use
- MEDICAL BUILDING
- $1,335,000 Change: +70% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,245,000 Change: +58% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,095,000 Change: +39% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,020,000 Change: +29% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $910,000 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
- -81.4484
- Latitude
- 41.5208
- 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
$71,187
$258,410
$529,100
$787,510
-
$738,300
$1,511,700
$2,250,000
