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    FOR LEASE
    Office buildings

    8300 Dow Cir, Strongsville, OH 44136

    35,560 SF 3.26 ac lot Built 1983
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US66-1791900
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.68M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.61M
    Blend (final) Blend
    $2.67M
    Owner & transaction history
    Lil Prop Grp LLC · 5 yrs held
    Lil Prop Grp LLC
    since 2020
    Last sale
    $2.2M
    7 recorded transactions
    2020
    $2.2M
    2016
    1999
    1969
    1969
    1969
    1969
    Zoning & alternative use
    RD · Strongsville, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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