30670 Bainbridge RdSolon, OH 44139

Property Details for 30670 Bainbridge Rd

Year built

1986

Construction

WOOD

Lot size

1.07 AC

Property size (Sq ft)

10,560 SF

Zone code

I-2

Property type

Office buildings

APN

951-30-017

APU

95130017

Description

This exceptional investment opportunity presents a 10,560 square foot, two-story brick office complex situated on a 1.07-acre lot in Solon, Ohio. The property, built in 1987, boasts a 100% occupancy rate with five tenants: AMG Marketing/Mod Op, August Sales Co., Inc., Genus Solutions Inc., Step Change Innovations, LLC, and Amaltech, Inc. Recent capital improvements include a new roof, windows, and HVAC system within the past five years, along with a new patio installed in 2022. Fiber optic availability enhances connectivity. The property is zoned I-2 (Industrial, Manufacturing) and features ample shared parking, with snow and trash removal handled collectively. Conveniently located with easy access to US Route 422 and SR 91, this property offers a strong return on investment. The property is a part of a three-building complex with a common easement for ingress and egress. The asking price is $1,499,000, translating to $141.95 per square foot. This is a NNN lease type. The APN is 951-30-017. The address is 30670 Bainbridge Rd, Solon, OH 44139.

• CAP approach

  CAP return

  Valuation

  6%

  $1,899,743

  6.5%

  $1,753,609

  7%

  $1,628,351

• Comparable approach

  Method

  Valuation

  Relative Method

  $987,782

  Geo Method

  $987,782

• Alternative Use

  Use

  Valuation

  Residential

  $2,174,475

  Hospitality

  $1,991,808

  Educational

  $1,657,161

  Medical

  $1,714,153

  Retail

  $2,577,805

Location Insight

City

Solon

County

Cuyahoga

State

Ohio

Latitude

41.4003

Longitude

-81.4617

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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