850 Brainard RdHighland Heights, OH 44143

Property Details for 850 Brainard Rd

Year built

1986

Construction

TYPE NOT SPECIFIED

Lot size

1.30 AC

Property size (Sq ft)

13,854 SF

Zone code

O-B

Property type

Healthcare properties

Property subtype

Medical offices

APN

822-27-002

APU

82227002

Description

This exceptional 960-square-foot medical office space is available for lease at 850 Brainard Rd, Highland Heights, OH 44143. Located in a high-traffic area, this single-tenant unit offers a versatile layout perfect for a variety of medical or health-related businesses. The space includes two offices/exam rooms, a large conference room/office, a reception area with a client intake window, and a sizable common area with existing desk and filing systems (potentially convertible into additional office space). A shared 400-square-foot lobby with restrooms is also included. The building boasts a diverse tenant mix, currently housing a podiatrist, dentist, physical therapist, and ophthalmologist, creating a synergistic environment. Ample parking is available with 50+ spaces. A leaded X-ray room is available for use (equipment not included). The property features no elevators. Common area maintenance (CAM) charges are $5 per square foot. Showings are by appointment only. This is an excellent opportunity for businesses in the healthcare and self-care sectors, such as estheticians, doctors, in-home care providers, or nutritionists.

• CAP approach

  CAP return

  Valuation

  6%

  $2,492,334

  6.5%

  $2,300,616

  7%

  $2,136,286

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,295,903

  Geo Method

  $1,295,903

• Alternative Use

  Use

  Valuation

  Residential

  $2,852,763

  Hospitality

  $2,613,116

  Educational

  $2,174,082

  Medical

  $2,248,852

  Retail

  $3,381,905

Location Insight

City

Highland Heights

County

Cuyahoga

State

Ohio

Latitude

41.5376

Longitude

-81.4789

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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