12309 Prospect RdStrongsville, OH 44149

  • Office buildings
  • 6,160 SF
For Lease
$15.75/SF/YR View listing

Property Details for 12309 Prospect Rd

Year built
1956
Construction
TYPE NOT SPECIFIED
Lot size
1.79 AC
Property size (Sq ft)
6,160 SF
Zone code
GI
Property type
Office buildings
APN
392-22-016
APU
39222016

Description

This exceptional 400-square-foot office space is ideally situated on Prospect Road in Strongsville, Ohio, within Cuyahoga County. The property is a single-tenant traditional office located on the first floor, offering ample natural light thanks to three generously sized windows. This is a fantastic opportunity for a small business or individual professional seeking a convenient and well-maintained workspace. The location is highly accessible, being just three miles from Interstate 71, providing easy commutes for employees and clients. The surrounding area boasts a variety of convenient amenities, including nearby retailers such as Mr. Tire, Slim and Chubby's, and Kurtz Brothers. A significant advantage is that all utilities are included in the lease, eliminating the hassle and expense of managing these costs separately. The property is located at 12309 Prospect Rd, Strongsville, OH 44149, and is zoned for traditional office use. This turnkey solution offers immediate occupancy and a cost-effective way to establish a professional presence in a desirable Strongsville location. The address is easily accessible from the intersection of Westwood and Prospect Roads.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,169,762
    6.5%
    $1,079,780
    7%
    $1,002,653
  • Comparable approach

    Method
    Valuation
    Relative Method
    $576,206
    Geo Method
    $576,206
  • Alternative Use

    Use
    Valuation
    Residential
    $1,338,927
    Hospitality
    $1,226,450
    Educational
    $1,020,392
    Medical
    $1,055,485
    Retail
    $1,587,276

Location Insight

City
Strongsville
County
Cuyahoga
State
Ohio
Latitude
41.3231
Longitude
-81.8566
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
$20,708
$44,800
$208,640
$253,440
-
$128,000
$596,100
$724,100

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