15200 Hummel RdBrook Park, OH 44142

Property Details for 15200 Hummel Rd

Year built

1969

Construction

WOOD

Lot size

0.30 AC

Property size (Sq ft)

1,618 SF

Zone code

U3-A5

Property type

Retail properties

Property subtype

Retail space

APN

343-07-011

APU

34307011

Description

This exceptional retail property, located at 15200 Hummel Road in Brook Park, Ohio, presents a fantastic commercial opportunity. The building, constructed in 1969, offers 1,618 square feet of well-maintained space, ideal for a variety of businesses. Its versatile layout makes it suitable for uses such as a salon, massage therapy center, insurance office, or general office space. The property sits on a 0.3-acre lot and boasts ample parking with 20 spaces, ensuring convenient access for customers and employees. The building features central air conditioning and natural gas heating, providing comfortable year-round climate control. The exterior includes an asphalt roof. The property's prime location in Brook Park, Cuyahoga County, Ohio (zip code 44142), offers excellent visibility and accessibility. This is a turn-key opportunity for an owner-occupier or investor seeking a strong return. The asking price is $269,000. This property is ready for immediate occupancy. Don't miss this chance to acquire a well-maintained commercial space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $427,885

  6.5%

  $394,971

  7%

  $366,758

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,396

  Geo Method

  $381,396

• Alternative Use

  Use

  Valuation

  Residential

  $333,172

  Hospitality

  $305,184

  Educational

  $253,910

  Medical

  $262,642

  Retail

  $394,971

Location Insight

City

Brook Park

County

Cuyahoga

State

Ohio

Latitude

41.4081

Longitude

-81.8042

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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