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18820 Bagley Rd 8,453 SF 100% Leased Office Building Middleburg Heights, OH 44130 $1,325,000 ($156.75/SF) 7.20% Cap Rate
Investment Highlights
- Over 3 acres of high visibility frontage on heavily traveled Bagley Road
- Potential to tie driveway access into a signalized intersection for controlled ingress and egress
- Minutes to I-71, I-480, and the Ohio Turnpike, and five minutes to Cleveland Hopkins International Airport
- Directly across from Southwest General Health Center in an established medical corridor
- Substantial excess land for expansion, additional buildings, or redevelopment
Executive Summary
Prime commercial and redevelopment opportunity on Bagley Road in Middleburg Heights, offering over 3 acres of high visibility frontage in a heavily traveled corridor. The 8,453 square foot building sits at the front of the parcel with substantial room behind it for future expansion, additional buildings, or full site reconfiguration, making it a rare fit for owner users, investors, and developers alike.
A major differentiator is the ability to tie driveway access into a signalized intersection, providing controlled ingress and egress, a highly sought after feature for medical, office, retail, or flex uses. The property sits directly across from Southwest General Health Center and is surrounded by established medical, retail, and professional users, benefiting from strong healthcare driven traffic, visibility, and daily activity.
The existing building was completely renovated between 2018 and 2020, so a new owner steps into modernized improvements while still unlocking long term upside. The building also produces income in place today from three tenants, with leases rolling over the coming months, giving a new owner the flexibility to occupy, expand, or re lease at market on their own timeline. Just minutes from I-71, I-480, and the Ohio Turnpike, and five minutes from Cleveland Hopkins International Airport, this is a strategic position in one of greater Cleveland's most active and incentive friendly growth corridors.
A major differentiator is the ability to tie driveway access into a signalized intersection, providing controlled ingress and egress, a highly sought after feature for medical, office, retail, or flex uses. The property sits directly across from Southwest General Health Center and is surrounded by established medical, retail, and professional users, benefiting from strong healthcare driven traffic, visibility, and daily activity.
The existing building was completely renovated between 2018 and 2020, so a new owner steps into modernized improvements while still unlocking long term upside. The building also produces income in place today from three tenants, with leases rolling over the coming months, giving a new owner the flexibility to occupy, expand, or re lease at market on their own timeline. Just minutes from I-71, I-480, and the Ohio Turnpike, and five minutes from Cleveland Hopkins International Airport, this is a strategic position in one of greater Cleveland's most active and incentive friendly growth corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
8,453 SF
Building Class
A
Year Built/Renovated
1985/2018
Price
$1,325,000
Price Per SF
$156.75
Cap Rate
7.20%
NOI
$95,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,453 SF
Building FAR
0.06
Lot Size
3.15 AC
Zoning
OB
Amenities
- Bus Line
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 371-09-001 | Improvements Assessment | $130,200 |
| Land Assessment | $124,635 | Total Assessment | $254,835 |
Property Taxes
Parcel Number
371-09-001
Land Assessment
$124,635
Improvements Assessment
$130,200
Total Assessment
$254,835
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18820 Bagley Rd