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Property profile

7000 Town Ctr Dr Broadview Heights, OH 44147

OFF-MARKET
Medical Office Space
Property ID
US66-0136282
9,600 SF 1.04 ac lot Built 1996
Individually Owned 20-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional office property, located at 7000 Town Center Drive in Cuyahoga County, offers a prime opportunity for businesses seeking flexible and modern workspace. The building encompasses a total of 9,043 square feet, currently featuring a sizable 2,128 square feet of immediately available office space. The property is categorized as both Executive Office and Traditional Office space, catering to diverse business needs. The building's convenient location on the west side of Town Center Drive, just south of a former Huntington Bank branch, ensures high visibility and accessibility. Its proximity to the adjacent plaza, situated south of Route 82 and east of Broadview Road, provides easy access to major thoroughfares and ample amenities. The multiple tenancy structure allows for a variety of lease options, making it suitable for both established companies and growing startups. The available 2,128 square feet presents a unique chance to secure a well-located, functional office space in a thriving area. This is an excellent opportunity to establish a strong business presence in a highly visible and accessible location. The property's size and layout offer considerable flexibility for customization to meet specific business requirements. Interested parties are encouraged to inquire further to explore the possibilities this property presents.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1996
Construction TYPE NOT SPECIFIED
Total area 9,600 SF
Lot 1.04 ac (45,520 SF)
Zoning code C-4
APN 583-26-009
UPID US66-0136282

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.63M
Comparable Approach Comparable
$1.35M
Blend (final) Blend
$405k

Owner & transaction history

since 2005
5 recorded transactions
2023
Price N/A
2005
$5.0M
1997
$508,500
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-4 · Broadview Heights, OH
Zoning description

4: DISTRICTS GENERALLY AND ZONE MAP CHAPTER 1266: CLASSIFICATION OF USES CHAPTER 1268: CLASS A DISTRICTS CHAPTER 1272: CLASS B-3 DISTRICTS CHAPTER 1275: CLASS B-5 DISTRICTS CHAPTER 1276: BUSINESS DISTRICTS CHAPTER 1277:…

General category COMMERCIAL
Top alternative use upside
Restaurant $1.7M +62.8%
Office building $1.6M +48.8%

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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