7851 Freeway CirMiddleburg Heights, OH 44130

Property Details for 7851 Freeway Cir

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

0.93 AC

Property size (Sq ft)

10,132 SF

Zone code

GB

Property type

Office properties

Property subtype

Office buildings

APN

374-17-011

APU

37417011

Description

This exceptional single-tenant office building, situated on a 0.93-acre lot in Middleburg Heights, Ohio, presents a compelling owner-user opportunity. Boasting 10,132 square feet, the property features 14 private offices, two conference rooms, a dedicated copy room, and a convenient kitchen. A significant advantage is the inclusion of a small warehouse space complete with a drive-in door, adding versatility and functionality. Constructed in 1970, this Class B building is a single-story structure zoned for general business use, providing flexibility for various commercial applications. Its prime location on Freeway Circle offers unparalleled access to major transportation arteries, including I-71, I-80 (Ohio Turnpike), and I-480, ensuring seamless connectivity throughout the region. The property's proximity to downtown Cleveland (13 miles) and Cleveland-Hopkins International Airport (3 miles) further enhances its strategic value. This is an ideal investment for businesses seeking a well-appointed space with excellent accessibility and ample room for growth. The property is priced at $899,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,822,746

  6.5%

  $1,682,535

  7%

  $1,562,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $947,747

  Geo Method

  $947,747

• Alternative Use

  Use

  Valuation

  Residential

  $2,086,343

  Hospitality

  $1,911,079

  Educational

  $1,589,995

  Medical

  $1,644,678

  Retail

  $2,473,326

Location Insight

City

Middleburg Heights

County

Cuyahoga

State

Ohio

Latitude

41.351

Longitude

-81.8169

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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