7575 Northcliff AveBrooklyn, OH 44144

Property Details for 7575 Northcliff Ave

Year built

1991

Construction

TYPE NOT SPECIFIED

Lot size

3.82 AC

Property size (Sq ft)

69,612 SF

Zone code

G-B

Property type

Healthcare properties

Property subtype

Medical offices

APN

433-14-053

APU

43314053

Description

This four-story, Class B medical office building, constructed in 1991, offers 3,331 square feet of immediately available space in a prime location. Situated on a 3.84-acre lot in Cuyahoga County (APN 43314053), the property boasts 329 parking spaces and is zoned G-B. Its convenient location is just seconds from the I-480 Ridge Road exit, providing easy access for patients and staff. The building features an impressive four-story atrium and abundant natural light thanks to ribbon glass windows. Tenants enjoy the benefit of a free conference facility, and the building's proximity to hotels, restaurants, and retail establishments adds to its appeal. The building currently has multiple tenants. This is an exceptional opportunity to acquire a well-maintained medical office building with significant potential. The property is ideal for a variety of medical practices, offering ample space and convenient amenities. The large surface parking area ensures convenient parking for tenants and their guests. This is a rare opportunity to own a well-located and well-maintained medical office building in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $12,523,193

  6.5%

  $11,559,871

  7%

  $10,734,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,511,506

  Geo Method

  $6,511,506

• Alternative Use

  Use

  Valuation

  Residential

  $14,334,240

  Hospitality

  $13,130,086

  Educational

  $10,924,078

  Medical

  $11,299,774

  Retail

  $16,993,010

Location Insight

City

Brooklyn

County

Cuyahoga

State

Ohio

Latitude

41.4245

Longitude

-81.7397

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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