20015 Detroit RdRocky River, OH 44116

Property Details for 20015 Detroit Rd

Year built

1954

Construction

TYPE NOT SPECIFIED

Lot size

0.47 AC

Property size (Sq ft)

8,910 SF

Zone code

LB

Property type

Office properties

Property subtype

Office buildings

APN

301-24-003

APU

30124003

Description

This exceptional single-tenant warehouse property, located at 20015 Detroit Rd in Rocky River, Ohio, presents a unique investment opportunity. The building, constructed in 1954, boasts a total of 9,019 square feet situated on a 0.484-acre lot. The property is classified as Class B and features a single-story structure with 25 total parking spaces. The zoning is designated as LB. The building is comprised of two distinct levels: a main retail floor of 4,564 square feet and a lower garden level, also measuring 4,564 square feet. Both levels are available for lease immediately. The main retail floor offers a lease rate of $15.00 per square foot, while the lower garden level is available for $10.00 per square foot. Both rates are NNN (Net, Net, Net). The Cuyahoga County property (APN 30124003) offers convenient access and ample space for a variety of industrial or retail uses. This property is ideal for businesses seeking a well-maintained, single-tenant space in a desirable Rocky River location. The property's size, parking, and zoning make it a versatile option for a range of commercial enterprises. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,602,908

  6.5%

  $1,479,608

  7%

  $1,373,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $833,441

  Geo Method

  $833,441

• Alternative Use

  Use

  Valuation

  Residential

  $1,834,714

  Hospitality

  $1,680,588

  Educational

  $1,398,229

  Medical

  $1,446,316

  Retail

  $2,175,023

Location Insight

City

Rocky River

County

Cuyahoga

State

Ohio

Latitude

41.4786

Longitude

-81.8429

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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