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7976 Mayfield Rd Chesterland, OH 44026

Strip malls Google Maps
32,365 SF 6 ac lot Built 2017
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$855k
Range $770k – $941k (±10%)
Property ID US66-0157397

Property summary

AI-generated overview

This exceptional new construction commercial property in Chesterland, Ohio offers 17,790 square feet of immediately available space, perfect for a variety of businesses. Located at 7976 Mayfield Rd, 44026, this Class A building boasts a total of 20,012 square feet across two suites, allowing for flexible configurations ranging from 2,500 to 10,000 square feet. The property is zoned for General Commercial use and is ideally suited for medical offices, creative office spaces, or service businesses, reflecting its versatile design and prime location. The building's new construction ensures modern amenities and efficient layouts, providing a contemporary and appealing environment for tenants. Situated in Geauga County, this property benefits from excellent visibility and accessibility, making it an attractive option for businesses seeking a high-profile presence in a thriving community. The multiple tenancy option allows for diverse business combinations within the building. This is a rare opportunity to secure prime commercial space in a desirable location. Contact us today to learn more about leasing opportunities and explore the possibilities for your business.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2017
Construction BRICK
Total area 32,365 SF
Lot 6 ac (261,360 SF)
APN 11-304100
UPID US66-0157397

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
  • Physician
  • Hardware & Home Improvement Interior Design
  • Furniture & Home Goods Home Decor Store
  • Construction Company General Contractor
  • Daycare Center Foster Care Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$855k

Owner & transaction history

since 2016
7 recorded transactions
2023
Price N/A
2021
Price N/A
2018
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
2016
$560,000

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.1M +28.7%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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