4880 Northfield RdNorth Randall, OH 44128

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

Strip malls

Property subtype

Neighborhood centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,316,560

  6.5%

  $2,138,360

  7%

  $1,985,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,014,160

  Geo Method

  $1,014,160

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,359,740

  Mixed-Use / Specialty

  $2,054,070

  Hospitality / Lodging

  $1,407,190

  Office

  $1,962,020

  Institutional / Educational

  $2,108,010

  Residential Income

  $2,466,370

  Multifamily

  $3,383,060

  Automotive / Energy

  $1,806,860

  Parking / Income-Based Land

  $699,272

  Restaurant / Food Service

  $904,717

  Healthcare / Senior Housing

  $2,185,030

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

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