5500 Wallings RdNorth Royalton, OH 44133
- Retail properties
- 43,900 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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