17535 Rosbough BlvdMiddleburg Heights, OH 44130

Property Details for 17535 Rosbough Blvd

Year built

1976

Construction

TYPE NOT SPECIFIED

Lot size

2.14 AC

Property size (Sq ft)

39,224 SF

Zone code

GB

Property type

Office properties

Property subtype

Office buildings

APN

371-22-004

APU

37122004

Description

This exceptional two-story, 39,228 square foot Class B office building at 17535 Rosbough Blvd, Cleveland, OH 44130, presents a unique owner-occupant opportunity with existing rental income. Built in 1976 and renovated in 2010, the property sits on a 2.14-acre lot (APN 371-22-004) and features a modified lease structure with multi-tenancy. Currently, occupancy is at 35%, with a projected full occupancy date of June 10, 2024. The existing tenants include a dental practice, an orthodontics practice, and a behavioral health practice, providing a stable income stream. The entire first floor is available for an owner-occupant or a new tenant, offering significant potential for increased revenue. Strategically located in an established Middleburg Heights commercial corridor, this property enjoys convenient access to major transportation routes, including the Middleburg Heights Bagley Road RTA Transit Line, and is within an eight-minute drive of Cleveland Hopkins International Airport. This is a rare opportunity to acquire a well-maintained, income-producing office building with significant upside potential in a highly desirable location. The asking price is $1,995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $7,056,394

  6.5%

  $6,513,595

  7%

  $6,048,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,669,013

  Geo Method

  $3,669,013

• Alternative Use

  Use

  Valuation

  Residential

  $8,076,858

  Hospitality

  $7,398,358

  Educational

  $6,155,347

  Medical

  $6,367,039

  Retail

  $9,574,984

Location Insight

City

Middleburg Heights

County

Cuyahoga

State

Ohio

Latitude

41.3741

Longitude

-81.8233

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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