32300 Aurora RdSolon, OH 44139

Property Details for 32300 Aurora Rd

Lot size

1.19 AC

Zone code

I-2

Property type

Industrial land

APN

953-36-015

APU

95336015

Description

This exceptional 25,898-square-foot single-tenant industrial warehouse is available for lease at 32300 Aurora Road in Solon, Ohio, zip code 44139. The property is a one-story building with 4,640 square feet currently vacant. It's ideally suited for a variety of uses, including showroom, storage, or photography studio space. The building features ample car parking and each unit includes one drive-in door, ensuring convenient access for loading and unloading. This prime location boasts excellent visibility and accessibility, situated adjacent to Solon's bustling retail district, offering employees and clients easy access to numerous amenities and restaurants. The high-traffic area sees over 14,500 vehicles daily, providing significant exposure for your business. Furthermore, the property enjoys convenient access to State Route 422, facilitating efficient transportation throughout the region. The lease rate is $10.00 per square foot, modified gross.

• CAP approach

  CAP return

  Valuation

  6%

  $23,484,300

  6.5%

  $21,677,900

  7%

  $20,129,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,757,980

  Geo Method

  $7,757,980

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $10,632,500

  Mixed-Use / Specialty

  $10,213,400

  Hospitality / Lodging

  $6,996,940

  Office

  $9,755,690

  Institutional / Educational

  $10,481,600

  Residential Income

  $12,263,500

  Multifamily

  $16,821,500

  Automotive / Energy

  $8,984,230

  Parking / Income-Based Land

  $3,476,980

  Restaurant / Food Service

  $4,498,510

  Healthcare / Senior Housing

  $10,864,600

Location Insight

City

Solon

County

Cuyahoga

State

Ohio

Latitude

41.3904

Longitude

-81.4506

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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