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Financial
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Property profile

8300 Dow Cir Strongsville, OH 44136

FOR LEASE
Office buildings
Property ID
US66-1791900
35,560 SF 3.26 ac lot Built 1983
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Tech Park I, located at 8300 Dow Cir, Strongsville, OH 44136, offers 23,000 square feet of vacant office space in a prime location. This single, two-story building, built in 1983, sits on 3.26 acres and boasts 35,000 total square feet. The space features 9-12 foot ceilings and is divisible to a minimum of 2,400 square feet, with a maximum contiguous space of 23,000 square feet. The property includes ample parking with 100 spaces and two elevators. The building is zoned for Office, R&D, and Warehouse use, making it suitable for a variety of businesses. Conveniently located near I-71, the Ohio Turnpike (I-80), and I-90, it offers easy access to Cleveland-Hopkins International Airport and downtown Cleveland. The property features numerous offices, conference rooms, a lab area, kitchen, and restrooms, allowing for flexible layouts. Common area maintenance (CAM) is approximately $1.25 per square foot and includes water/sewer, snow removal, insurance, common electric, parking lot maintenance, landscaping, fire protection, and building repairs. Tenants are responsible for gas/electric/trash/interior security and HVAC routine maintenance. A new roof was installed in 2018. The average household income within a one-mile radius exceeds $100,000. Rent abatement is available. The property is currently partially occupied by Lumitex and is situated in a thriving office park with notable companies nearby. Subdivision options are available.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction TYPE NOT SPECIFIED
Total area 35,560 SF
Lot 3.26 ac (142,053 SF)
Zoning code RD
APN 395-12-003
UPID US66-1791900

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
  • Big Box & Wholesale Store
  • Corporate Office

Location

8300 Dow Cir Strongsville, OH 44136
Strongsville metro Census 186107 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.61M
Blend (final) Blend
$2.63M

Owner & transaction history

since 2020
Last sale
$2.2M
7 recorded transactions
2020
$2.2M
2016
Price N/A
1999
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RD · Strongsville, OH
Zoning description

Research-Development, Commercial Service, General Industrial and Aviation Field Districts and their regulations to provide, in appropriate and convenient districts, sufficient areas for carrying on research, providing co…

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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