4880 Northfield RdNorth Randall, OH 44128

  • Retail properties
  • 10,425 SF
For Lease

Property Details for 4880 Northfield Rd

Year built
1986
Construction
TYPE NOT SPECIFIED
Lot size
0.87 AC
Property size (Sq ft)
10,425 SF
Zone code
C-1
Property type
Retail properties
Property subtype
Strip malls
APN
771-08-009
APU
77108009

Description

This prime retail space, totaling 6,135 square feet, is located at 4880 Northfield Road in Cuyahoga County, Ohio, at the intersection of Northfield Rd and Miles Rd. The property is a single-tenant shopping center currently offering 3,735 square feet of vacant space for lease. Its strategic location provides exceptional visibility and accessibility, boasting convenient access to major thoroughfares I-480 and I-271. The high traffic count, exceeding 20,000 vehicles daily, ensures significant exposure for businesses. This presents a unique opportunity for retailers seeking a high-visibility location with substantial foot traffic. The property's size and location make it ideal for a variety of retail uses. The available space offers ample room for a wide range of businesses to establish a strong presence in a bustling commercial area. Interested parties are encouraged to explore this exceptional opportunity to secure a prominent retail location in a high-traffic area with excellent access to major transportation routes. The property is classified as a shopping center with multiple tenancy potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,756,921
    6.5%
    $2,544,850
    7%
    $2,363,076
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,457,389
    Geo Method
    $2,457,389
  • Alternative Use

    Use
    Valuation
    Residential
    $2,146,676
    Hospitality
    $1,966,344
    Educational
    $1,635,975
    Medical
    $1,692,239
    Retail
    $2,544,850
4880 Northfield Rd, North Randall, Ohio

Location Insight

City
North Randall
County
Cuyahoga
State
Ohio
Latitude
41.4279
Longitude
-81.5263
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,496
$39,760
$152,740
$192,500
-
$113,600
$436,400
$550,000

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