5500 Wallings RdNorth Royalton, OH 44133

Property Details for 5500 Wallings Rd

Year built

1978

Construction

TYPE NOT SPECIFIED

Lot size

4.34 AC

Property size (Sq ft)

43,900 SF

Zone code

LB

Property type

Outlet malls

APN

489-11-004

APU

48911004

Description

This exceptional single-story, 43,900 square foot commercial property, located at 5500 Wallings Road in North Royalton, Ohio, presents a unique investment opportunity. The building, situated on a 4.84-acre lot, features a mix of retail and office space, currently offering 7,197 square feet of vacant space. The property is zoned LB and is conveniently located at the northwest corner of State Road and Wallings Road, providing excellent visibility and accessibility. The site boasts a substantial 247-space parking lot, ensuring ample parking for tenants and customers. The building is anchored by Discount Drug Mart, providing a strong draw for foot traffic. Available space ranges from a minimum of 1,260 square feet to a maximum contiguous space of 5,937 square feet, making it suitable for a variety of businesses. The property benefits from easy access to I-77, enhancing its appeal to commuters and businesses. Recent improvements include a new storefront and patio. The high traffic count of 21,668 vehicles per day (ADT) on Wallings Road and State Road further underscores the property's prime location and potential for success. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Cuyahoga County market. The property's features, including ample parking and high visibility, make it an ideal location for a variety of businesses. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $12,272,701

  6.5%

  $11,328,647

  7%

  $10,519,458

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,348,143

  Geo Method

  $10,348,143

• Alternative Use

  Use

  Valuation

  Residential

  $9,556,137

  Hospitality

  $8,753,371

  Educational

  $7,282,702

  Medical

  $7,533,165

  Retail

  $11,328,647

Location Insight

City

North Royalton

County

Cuyahoga

State

Ohio

Latitude

41.3314

Longitude

-81.7255

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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