1013 Rockside RdParma, OH 44134

Property Details for 1013 Rockside Rd

Year built

2008

Construction

TYPE NOT SPECIFIED

Lot size

0.35 AC

Property size (Sq ft)

3,795 SF

Property type

Office properties

Property subtype

Other office properties

APN

445-17-316

APU

44517316

Description

This exceptional investment opportunity presents two single-story office buildings totaling 33,412 square feet, situated on a 0.31-acre lot at 1013 Rockside Rd, Parma, OH 44134. Built in 2008, this property boasts a highly visible location with signage on Rockside Road, offering excellent exposure for your business. The property features on-site property management and local ownership, ensuring efficient operations and responsive service. The convenient location provides easy access to major transportation arteries, being only two miles from the intersection of I-77 and I-480. Currently zoned commercial (APN 44516011, Cuyahoga County), this property is classified as a traditional office space and also suitable for executive office use. The property is part of the Cleveland South submarket, specifically within the Parma, Independence, Seven Hills, Broadview Heights cluster. With only three units remaining, this is a rare opportunity to secure space in a highly sought-after location at an aggressive rental rate for the Rockside Corridor. This multi-tenant building offers a variety of suite sizes to accommodate various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $682,720

  6.5%

  $630,203

  7%

  $585,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $354,984

  Geo Method

  $354,984

• Alternative Use

  Use

  Valuation

  Residential

  $781,452

  Hospitality

  $715,806

  Educational

  $595,542

  Medical

  $616,024

  Retail

  $926,399

Location Insight

City

Parma

County

Cuyahoga

State

Ohio

Latitude

41.4049

Longitude

-81.6856

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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