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Property profile

8550 138th Ln Lady Lake, FL 32159

OFF-MARKET
Medical Office Space
Property ID
US18-5735750
View Sample
3,520 SF 0.13 ac lot Built 2017
Entity Owned 4-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional retail opportunity is located within the Woodiebrook Gables Shopping Center in Chardon, Ohio. The property boasts a convenient South Street location, just one mile south of the Chardon Square and a short five-mile drive south of Route 44 and Interstate 90, ensuring high visibility and accessibility for customers. The single-story building, constructed in 1995, sits on a substantial 9.3-acre lot and is zoned PUD/PRD. Currently, one retail space of 1,760 square feet is available for lease. The property is classified as Class B and is part of an established shopping center with a diverse mix of tenants including Cleveland Catholic Charities, Cleats Club Seat Grille, TNT Tanning, Ohio License Bureau, and Guys Pizza, creating a strong synergistic environment. While the building itself has no designated parking spaces listed, the ample lot size and established shopping center context suggest sufficient parking is available. The property's APN is 10-009103, and it is located in Geauga County. This presents a unique chance to establish or expand a retail business in a thriving community. The property's location and existing tenant mix offer significant potential for success.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2017
Construction CONCRETE
Total area 3,520 SF
Lot 0.13 ac (5,663 SF)
APN D01-113
UPID US18-5735750

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
  • Medical Clinic
  • Medical Clinic
  • Physician
  • Physician Medical Clinic
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.23M

Owner & transaction history

since 2021
Last sale
$1.2M
4 recorded transactions
2021
$1.2M
2020
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.2M +483.6%
Office building $900,000 +354.9%
Commercial (general) $800,000 +305.1%

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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