4880 Northfield RdNorth Randall, OH 44128
- Retail properties
- 10,425 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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