Technical
Financial
Distress signals
Property profile

8228 Mayfield Rd Chesterland, OH 44026

OFF-MARKET
Office buildings
Property ID
US66-0427913
18,333 SF 2.81 ac lot Built 1974
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

The Mayvalley Building is an office property located in Chester Township, Chesterland, Ohio, set in a country setting and positioned on Mayfield Road. The building was recently remodeled and is configured to accommodate multiple office suites, with unit sizes ranging from approximately 150 to 2,400 square feet. The property is located about 0.5 miles west of State Route 306 and roughly 5 miles east of State Route 271.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1974
Total area 18,333 SF
Lot 2.81 ac (122,404 SF)
APN 11-265800
UPID US66-0427913

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
  • Wedding Service Event Planning
  • Physician
  • Insurance Agency
  • Insurance Agency

Location

8228 Mayfield Rd Chesterland, OH 44026-2594
Chesterland metro Census 310600 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.54M
Blend (final) Blend
$470k

Owner & transaction history

since 2005
4 recorded transactions
2005
Price N/A
1999
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $2.4M +3.8%

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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