5001 Mayfield RdLyndhurst, OH 44124

Property Details for 5001 Mayfield Rd

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

1.89 AC

Property size (Sq ft)

50,311 SF

Zone code

A-1

Property type

Office buildings

APN

711-18-015

APU

71118015

Description

Jefferson Centre, located at 5001 Mayfield Rd, Lyndhurst, OH 44124, offers exceptional office space for lease. This three-story, traditional office building totals 50,311 square feet and features seven individual suites, providing flexibility for various business needs. Currently, 6,135 square feet of space is available, with options ranging from a minimum of 364 square feet to a maximum contiguous space of 2,546 square feet. The building is ideal for businesses seeking multiple suites or a single, larger space. Its Lyndhurst location provides convenient access to major transportation routes and amenities. The building's traditional office design offers a professional and established atmosphere. This is a multi-tenant building, offering a diverse and collaborative environment. The available space presents a unique opportunity for businesses to establish or expand their presence in a desirable Lyndhurst location. Contact us today to schedule a viewing and explore the possibilities of making Jefferson Centre your new business address. The property is easily accessible via its convenient Mayfield Road location. Seven individual suites are available, offering a range of sizes to accommodate various business needs and growth plans. Don't miss this chance to secure prime office space in a thriving Lyndhurst community.

• CAP approach

  CAP return

  Valuation

  6%

  $10,257,700

  6.5%

  $9,468,680

  7%

  $8,792,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,706,090

  Geo Method

  $4,706,090

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $21,040,100

  Retail / Commercial

  $10,319,700

  Mixed-Use / Specialty

  $9,912,950

  Hospitality / Lodging

  $6,791,100

  Institutional / Educational

  $10,173,200

  Residential Income

  $11,902,700

  Multifamily

  $16,326,600

  Automotive / Energy

  $8,719,910

  Parking / Income-Based Land

  $3,374,680

  Restaurant / Food Service

  $4,366,160

  Healthcare / Senior Housing

  $10,545,000

Location Insight

City

Lyndhurst

County

Cuyahoga

State

Ohio

Latitude

41.5205

Longitude

-81.4995

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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