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    FOR LEASE
    Office buildings

    8388 Dow Cir, Strongsville, OH 44136

    2,240 SF 2.21 ac lot Built 1995
    Entity Owned 20-yr Hold ~ Est. High Equity
    Property ID
    US66-6178264
    Property summary
    AI-generated overview

    This exceptional 12,490-square-foot industrial property in Strongsville, Ohio, presents a compelling investment opportunity. Situated on a 2.21-acre lot, this single-story, 1996-built building offers significant potential. Originally constructed for Iron Mountain Data Storage, the property features a spacious 9,650-square-foot warehouse and a 2,840-square-foot office area. The warehouse boasts 100% climate-controlled (AC) environment, ensuring optimal conditions for various uses. High ceilings range from 12'9" to 17'6", providing ample vertical space. Three 12' x 12'6" drive-in doors facilitate efficient loading and unloading, complemented by an enclosed concrete truck court. The property's Research and Development zoning allows for diverse applications. Its convenient location, just 10 minutes from Cleveland International Airport and near retail amenities, adds to its appeal. The expansive lot offers room for future expansion. Priced at $1,100,000 ($88.07/sq ft), this property represents a strong value proposition in a desirable location. The property's features include climate control, high ceilings, ample drive-in doors, and a convenient location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1995
    Construction TYPE NOT SPECIFIED
    Total area 2,240 SF
    Lot 2.21 ac (96,422 SF)
    Zoning code RD
    APN 395-13-036
    UPID US66-6178264
    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
    $585k
    CAP Approach CAP
    $500k
    Comparable Approach Comparable
    $657k
    Blend (final) Blend
    $625k
    Owner & transaction history
    Wilmington Capital LLC · 20 yrs held
    Wilmington Capital LLC
    since 2006
    4 recorded transactions
    2017
    2011
    2006
    $1.9M
    1969
    Zoning & alternative use
    RD · Strongsville, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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