7029 Pearl RdMiddleburg Heights, OH 44130

  • Office buildings
  • 13,879 SF
For Lease
$12.50/SF/YR View listing

Property Details for 7029 Pearl Rd

Year built
1993
Construction
WOOD
Lot size
3.41 AC
Property size (Sq ft)
13,879 SF
Zone code
OB
Property type
Office buildings
APN
372-32-008
APU
37232008

Description

This attractive, low-rise contemporary office building offers a single available suite totaling 1,700 square feet. Ideal for a variety of uses, including traditional office or medical office space, this single-story building provides exceptional convenience and privacy. Each suite boasts its own separate entrance, ensuring tenant independence and security. 24-hour access allows for flexible work schedules, while individual HVAC systems offer climate control customization. Exterior signage opportunities are available, enhancing visibility and brand recognition. The property's strategic location offers easy access to I-71, minimizing commute times and maximizing accessibility for clients and employees. A variety of amenities are within close proximity, including restaurants, shopping centers, and hotels, providing convenience and supporting a thriving work environment. The building is located in Cuyahoga County. This is a multi-tenant building with one suite currently available. The minimum divisible space is 1,700 square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,496,831
    6.5%
    $2,304,767
    7%
    $2,140,141
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,298,242
    Geo Method
    $1,298,242
  • Alternative Use

    Use
    Valuation
    Residential
    $2,857,911
    Hospitality
    $2,617,831
    Educational
    $2,178,005
    Medical
    $2,252,910
    Retail
    $3,388,008
7029 Pearl Rd, Middleburg Heights, Ohio

Location Insight

City
Middleburg Heights
County
Cuyahoga
State
Ohio
Latitude
41.3743
Longitude
-81.7966
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
$32,419
$330,930
$54,080
$385,010
-
$945,500
$154,500
$1,100,000

FAQs

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