18660 Bagley RdMiddleburg Heights, OH 44130

  • Healthcare properties
  • 29,960 SF
For Lease
$21/SF/YR View listing

Property Details for 18660 Bagley Rd

Year built
1976
Construction
CONCRETE
Lot size
2.12 AC
Property size (Sq ft)
29,960 SF
Zone code
OB
Property type
Healthcare properties
Property subtype
Medical offices
APN
371-09-004
APU
37109004

Description

This exceptional medical office campus in Middleburg Heights, Ohio, offers 17 suites within a 2,450 square foot building. Located at 18660 Bagley Rd, 44130, this property boasts a highly desirable location directly across from Southwest General Health Center, a major 352-bed hospital featuring nationally recognized physicians and advanced medical technology. The building offers multiple tenancy options, with suites ranging from a minimum of 265 square feet to a maximum contiguous space of 2,450 square feet. Fifteen suites are currently available, providing flexibility for practices of various sizes. This presents a unique opportunity for medical professionals seeking a prominent location with excellent visibility and convenient access to a large patient base. The building's strategic placement ensures high traffic and exposure, making it an ideal setting for establishing or expanding a medical practice. The property's proximity to a comprehensive hospital further enhances its appeal, offering potential for synergistic collaborations and referrals. This is a rare chance to secure space in a thriving medical hub. Inquire today to learn more about available suite sizes and lease terms.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,389,802
    6.5%
    $4,975,202
    7%
    $4,619,830
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,802,458
    Geo Method
    $2,802,458
  • Alternative Use

    Use
    Valuation
    Residential
    $6,169,250
    Hospitality
    $5,651,000
    Educational
    $4,701,566
    Medical
    $4,863,260
    Retail
    $7,313,546
18660 Bagley Rd, Middleburg Heights, Ohio

Location Insight

City
Middleburg Heights
County
Cuyahoga
State
Ohio
Latitude
41.3729
Longitude
-81.8322
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$50,615
$203,740
$396,270
$600,010
-
$582,100
$1,132,200
$1,714,300

FAQs

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