Property profile

6599 Granger Rd Independence, OH 44131

FOR SALE
Office buildings
Property ID
US66-5682006
30,000 SF 1.66 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 30,000 SF
6599 Granger Rd, Independence, OH 44131
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Property summary

AI-generated overview

Located in Northeast Ohio, this property provides 12,750 square feet of flex and industrial space configured to allow either warehouse use or office build-out. The site includes ample paved parking, with room for additional parking along the side and rear of the building. The property is positioned for access to Interstate 77 and Interstate 480 and is within a surrounding area that includes nearby retail options for dining, lodging, and entertainment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction TYPE NOT SPECIFIED
Total area 30,000 SF
Lot 1.66 ac (72,122 SF)
Zoning code U-6
APN 561-03-005
UPID US66-5682006

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Construction Company
  • Toner Cartridge Supplier
  • IT Consulting Firm Tech Support Center
  • Training Center Vocational School

Location

6599 Granger Rd Independence, OH 44131
Independence metro Census 156101 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.49M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$1.41M

Owner & transaction history

since 2021
Last sale
$1.0M
7 recorded transactions
2021
$1.0M
2008
$75,000
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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