965 Keynote CirBrooklyn Heights, OH 44131

Property Details for 965 Keynote Cir

Year built

1982

Construction

TYPE NOT SPECIFIED

Lot size

3.00 AC

Property size (Sq ft)

36,288 SF

Zone code

LI

Property type

Office properties

Property subtype

Office buildings

APN

531-28-003

APU

53128003

Description

This exceptional 36,288-square-foot single-story office building in Brooklyn Heights, Ohio, presents a unique investment opportunity. Situated on three acres of land, the property boasts highway visibility on I-480 with signage potential, ensuring high brand recognition. The building, constructed in 1982, offers flexible floor plans adaptable to diverse business needs, ranging from 10,000 to 36,288 contiguous square feet. Currently, the entire 36,288 square feet is available for lease. The property features ample on-site parking with 225 spaces, catering to employees and clients alike. Inside, the space is designed to accommodate both private offices and open work layouts, providing versatility for various organizational structures. A 500 KVA generator ensures uninterrupted operations, while a well-maintained HVAC system guarantees a comfortable working environment. The building benefits from high-speed internet and advanced telecommunications infrastructure, essential for modern businesses. The location offers access to a skilled workforce and enjoys a pro-business community with attractive real estate tax incentives. The meticulously maintained landscaping and exterior enhance the property's curb appeal. This is a rare opportunity to acquire a substantial, well-equipped office building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,528,208

  6.5%

  $6,026,038

  7%

  $5,595,607

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,394,380

  Geo Method

  $3,394,380

• Alternative Use

  Use

  Valuation

  Residential

  $7,472,288

  Hospitality

  $6,844,576

  Educational

  $5,694,606

  Medical

  $5,890,452

  Retail

  $8,858,276

Location Insight

City

Brooklyn Heights

County

Cuyahoga

State

Ohio

Latitude

41.4112

Longitude

-81.6639

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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