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Investment Highlights

  • Hight Traffic Count
  • Excellent Signage on State Road
  • Abundance of free surface parking
  • Adjacent to Giant Eagle

Executive Summary

Prime Investment/owner user opportunity located at the State Road Route 82 interchange In the heart of North Royalton!
Attractive 3 story well maintained colonial office/medical Building.
Great flexibility for buyers to use building for their own or rent out for investment.
Inviting lobby and charming offices.
Current owners will sign a new five year lease

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
15,135 SF
Building Class
B
Year Built/Renovated
1978/2000
Price
$825,000
Price Per SF
$54.51
Cap Rate
6.66%
NOI
$54,945
Percent Leased
84%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,440 SF
Slab To Slab
9’
Building FAR
0.56
Lot Size
0.62 AC
Zoning
TCD - Commercial/Office/Retail
Parking
30 Spaces (2.25 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • -
  • -
  • Plus Electric
  • -

Colonial Life is an insurance provider offering voluntary workplace benefits, including life, disability, accident, and critical illness coverage. Founded in 1939, the company supports employers with benefit education and enrollment solutions designed to help workers understand and manage their insurance options. As a subsidiary of Unum Group, it plays a role within a larger financial protection organization serving businesses across the United States. The company has introduced technology-driven tools to streamline benefits administration and claims processes.The organization remains focused on helping employers deliver supplemental insurance programs that align with workforce needs.

  • Information
  • -
  • -
  • -
  • -

Metasystems is the ERP expert for small to mid-size manufacturing companies implementing an ERP. Their “partner” approach covers every area of your business, including manufacturing, engineering, sales, customer service, purchasing, and accounting. For over 45 years, their expertise in manufacturing has helped companies become more efficient, more profitable and ready for growth. Their innovative ERP software and service is delivered by a seasoned team with deep knowledge of your industry. From the first meeting, you’ll see that their team is made of problem-solvers, not salespeople.

  • Information
  • -
  • -
  • -
  • Jan 2010

Micro 21 has been in the business of providing superior finance systems, primarily for Automobile dealerships, for over 28 years. Micro 21 began providing these systems back in 1974 on programmable calculators. As the years have passed, Micro 21 stayed current with the new Hardware and Software platforms that were introduced. Micro 21 has been successful over these 28 years because we have remained focused on our niche, providing superior finance systems, primarily for the auto industry. We accomplish this by remaining in close contact with the users of our systems. We stay in tune with the ever changing requirements needed by the systems that we provide.

  • Perkins Insurance Agency Inc
  • Finance and Insurance
  • -
  • -
  • -
  • -
  • Promotions Plus
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Finance and Insurance - - Plus Electric -
Information - - - -
Information - - - Jan 2010
Perkins Insurance Agency Inc Finance and Insurance - - - -
Promotions Plus Arts, Entertainment, and Recreation - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • Lower Level-Ste 100
  • 1,200 SF
  • Office
  • Partial Build-Out
  • Now
  • 2nd Floor
  • 1,200 SF
  • Office/Medical
  • Partial Build-Out
  • Now

1,200 SF Office/Medical Great exposure and Traffic count In the heart of the presigous city of North Royalton Utilities included!!!

Space Size Space Use Build-Out Available
Lower Level-Ste 100 1,200 SF Office Partial Build-Out Now
2nd Floor 1,200 SF Office/Medical Partial Build-Out Now

Lower Level-Ste 100

Size
1,200 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

2nd Floor

Size
1,200 SF
Space Use
Office/Medical
Build-Out
Partial Build-Out
Available
Now

2nd Floor

Size 1,200 SF
Space Use Office/Medical
Build-Out Partial Build-Out
Available Now

1,200 SF Office/Medical Great exposure and Traffic count In the heart of the presigous city of North Royalton Utilities included!!!

Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
488-07-016
Land Assessment
$56,280
Improvements Assessment
$239,085
Total Assessment
$295,365
  • Listing ID: 35380167

  • Date on Market: 4/4/2025

  • Last Updated:

  • Address: 13700 State Rd, North Royalton, OH 44133

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