30670 Bainbridge RdSolon, OH 44139

  • Office properties
  • 10,560 SF
For Sale
$1,499,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
30670 Bainbridge Rd, Solon, Ohio

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

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
$18,391
$84,350
$117,530
$201,880
-
$241,000
$335,800
$576,800

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