1055 Royalton RdBroadview Heights, OH 44147

Property Details for 1055 Royalton Rd

Year built

2018

Lot size

0.57 AC

Property size (Sq ft)

4,550 SF

Zone code

SPDA

Property type

Healthcare properties

Property subtype

Medical offices

APN

583-04-022

APU

58304022

Description

This exceptional 2,250 square foot retail space, located at 1055 W Royalton Rd in Broadview Heights, Ohio, presents a unique investment opportunity. Built in 2018, the property is part of a single-building, multi-tenant complex with a total of two suites. The building enjoys a prime location within a high-traffic retail corridor, boasting excellent visibility from Royalton Road and adjacent Broadview Road. The property benefits from prominent monument signage, enhancing its appeal and brand recognition. The space is currently vacant and ready for immediate occupancy. Situated in Cuyahoga County, Broadview Heights is a thriving suburb of Cleveland, characterized by a high average household income, making it an attractive market for businesses. This modern building offers a fantastic opportunity for medical or office tenants seeking a well-located, easily accessible space in a prosperous community. The 2,250 square foot space provides ample room for a variety of uses, and its recent construction ensures modern amenities and efficient layouts. The zip code is 44147. This property is ideal for businesses seeking high visibility and access to a strong consumer base.

• CAP approach

  CAP return

  Valuation

  6%

  $865,306

  6.5%

  $798,744

  7%

  $741,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $425,607

  Geo Method

  $425,607

• Alternative Use

  Use

  Valuation

  Residential

  $990,442

  Hospitality

  $907,240

  Educational

  $754,813

  Medical

  $780,772

  Retail

  $1,174,154

Location Insight

City

Broadview Heights

County

Cuyahoga

State

Ohio

Latitude

41.3134

Longitude

-81.6861

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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