This exceptional retail opportunity is located at 13901 Ridge Road in North Royalton, Ohio, 44133. The property, situated on a 0.732-acre lot, features a two-story, single-tenant building constructed in 1980. Zoned TCD, this property offers two available suites. Suite #202, approximately 1600 square feet, boasts a spacious open area (400 sq ft), three private offices, a kitchen area, a restroom, storage space, and abundant natural light. Recent upgrades include new vinyl plank flooring, fresh paint, and an improved kitchenette. Suite #201 comprises approximately 500 square feet and includes built-in cubicles and a kitchenette. New flooring and paint will be installed in Suite #201 based on lease terms and tenant preferences. Two restrooms are conveniently located in the common area. Tenants are responsible for rent, interior suite cleaning, and 25% of quarterly operating expenses, which encompass utilities. The property is conveniently located just north of Route 82, offering excellent visibility and accessibility. The APN is 48806019, and the Cuyahoga County location provides access to a thriving community. This property presents a unique opportunity for businesses seeking a well-maintained and conveniently located retail space.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,980,406
6.5%
$1,828,067
7%
$1,697,491
Comparable approach
Method
Valuation
Relative Method
$1,669,846
Geo Method
$1,669,846
Alternative Use
Use
Valuation
Residential
$1,542,043
Hospitality
$1,412,503
Educational
$1,175,186
Medical
$1,215,602
Retail
$1,828,067
Location Insight
City
North Royalton
County
Cuyahoga
State
Ohio
Latitude
41.3144
Longitude
-81.7343
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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