21100 Southgate Park BlvdMaple Heights, OH 44137

Property Details for 21100 Southgate Park Blvd

Year built

1960

Construction

TYPE NOT SPECIFIED

Lot size

1.90 AC

Property size (Sq ft)

38,280 SF

Zone code

GC

Property type

Healthcare properties

Property subtype

Medical offices

APN

783-22-004

APU

78322004

Description

This exceptional five-story, Class B office building, located at 21100 Southgate Park Blvd in Maple Heights, Ohio, offers 96,232 square feet of versatile space ideal for medical, traditional, or executive office uses. Built in 1960 and situated on 3.6 acres, the property boasts a single building with ample parking (291 spaces) and convenient elevator access. Its strategic location in the Cleveland East submarket, specifically the Maple Heights, Warrensville Heights, and Garfield Heights cluster, provides immediate access to the I-480 and I-271 interchange, ensuring easy commutes for employees and clients. The building is currently available for multiple tenants and features a private entrance. While a full build-out is required, the below-market rent makes this a highly attractive opportunity. This property presents a unique chance to establish a presence in a thriving Cuyahoga County location. The property's address is 21100 Southgate Park Blvd, Maple Heights, OH 44137.

• CAP approach

  CAP return

  Valuation

  6%

  $6,886,569

  6.5%

  $6,356,833

  7%

  $5,902,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,580,711

  Geo Method

  $3,580,711

• Alternative Use

  Use

  Valuation

  Residential

  $7,882,473

  Hospitality

  $7,220,302

  Educational

  $6,007,207

  Medical

  $6,213,804

  Retail

  $9,344,544

Location Insight

City

Maple Heights

County

Cuyahoga

State

Ohio

Latitude

41.414

Longitude

-81.5314

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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