754 Richmond Rd Richmond Heights, OH 44143
- Office buildings
- 7,373 SF
- 0.61 lot acres
Current Use by Public Records
- Century Federal Credit Union - Richmond Heights Branch / Federal Credit Union / Atm
Property Details for 754 Richmond Rd
- Year built
- 1965
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.61 lot acres
- Property size
- 7,373 SF
- Zone code
- B-1
- Property type
- Office buildings
- APN
- 662-30-081
- APU
- 66230081
Description
This exceptional commercial property at 754 Richmond Road in Richmond Heights, Ohio, offers a unique opportunity for businesses seeking executive office space. Located in Cuyahoga County, this 8,140 square foot building features a blend of retail and office space, currently configured for multiple tenants. A significant portion of the building, totaling 4,160 square feet, is immediately available for lease. The property's convenient location in the 44143 zip code provides easy access to major transportation routes and amenities. The building's design is well-suited for businesses requiring a professional and modern workspace. The available space is ideal for a variety of executive office configurations, offering flexibility to accommodate different business needs. This is a rare opportunity to secure high-quality office space in a desirable location. The property's existing infrastructure provides a solid foundation for immediate occupancy, minimizing setup time and maximizing productivity. Interested parties are encouraged to inquire promptly to secure this exceptional space. The property is classified as both retail and office, offering potential for diverse business applications. The multiple tenancy setup allows for a flexible and adaptable environment. This presents a chance to establish a presence in a thriving community with excellent accessibility. The building's size and layout provide ample room for growth and expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $675,000
- 6.5%
- $700,000
- 7%
- $750,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $840,000
- Geo Method
- $745,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $600,000
- Retail
- $770,000
- Mixed-Use
- $610,000
- Hospitality
- $710,000
- Educational
- $660,000
- Residential Income
- $670,000
- Energy
- $560,000
- Income-Based Land
- $705,000
- Food Service
- $645,000
Location Insight
- Map
- Local Demand
- City
- Richmond Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.4977
- Latitude
- 41.5397
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
