4025 Richmond RdWarrensville Heights, OH 44122

Property Details for 4025 Richmond Rd

Year built

2006

Lot size

24.89 AC

Property size (Sq ft)

60,691 SF

Zone code

U-7

Property type

Retail properties

Property subtype

Community centers

APN

763-33-002

APU

76333002

Description

Harvard Park offers a unique investment opportunity in a thriving Cuyahoga County location. This power/strip center boasts 234,035 square feet of retail space situated at the southwest corner of Interstate 271 and Harvard Road. Its strategic location within the 630-acre Chagrin Highlands development provides exceptional visibility and accessibility. The development is anchored by major businesses including University Hospitals Ahuja Medical Center, Life Time Fitness, and Eaton Corporation, ensuring a high volume of foot traffic and a strong consumer base. Harvard Park's diverse tenant mix includes well-established national brands such as HomeGoods, Ulta, ALDI, Golf Galaxy, Marshalls, DSW, OfficeMax, Five Below, Value City Furniture, Famous Footwear, Panera Bread, Five Guys, Robeks, and Dave's Hot Chicken. This ensures a consistent flow of customers and a stable income stream. Currently, there are two available spaces: one measuring 2,468 square feet and another measuring 2,402 square feet, presenting an excellent opportunity for expansion or new business ventures within this successful retail environment. The center's prime location and strong tenant occupancy make it an attractive investment for discerning buyers seeking a high-performing retail property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $16,049,910

  6.5%

  $14,815,301

  7%

  $13,757,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,306,131

  Geo Method

  $14,306,131

• Alternative Use

  Use

  Valuation

  Residential

  $12,497,261

  Hospitality

  $11,447,424

  Educational

  $9,524,122

  Medical

  $9,851,672

  Retail

  $14,815,301

Location Insight

City

Beachwood

County

Cuyahoga

State

Ohio

Latitude

41.4463

Longitude

-81.4957

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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