Office at 464 Richmond Road, Cleveland
1 photo

$1,000,000

464 Richmond Road
Cleveland, OH 44143
Listed by Frank Boldizar · Coldwell Banker Schmidt Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1988

About this home

This well-maintained medical building is currently owned by a private physician, with their surgery center operating on-site. The owner may be interested in remaining as a tenant. Ideal for physicians looking to establish their practice in a medical space while also benefiting from property ownership as a secondary income stream. The building boasts a 70 to 80% occupancy rate, ensuring strong income potential from day one. A small music studio and a nurse training organization -majority medical occupy. Located in a rapidly developing commercial area, this property presents an excellent investment opportunity in a thriving market.

Property details

MLS
NOWDD
MLS #
5111281
Property type
Office
Subdivision
Joseph A Huber Realty Co
Status
Active
Days on market
544
On market date
March 29, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.6 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Richmond Heights Elementary School
0.23 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
368
Student:teacher ratio
15.3:1
District
Richmond Heights Local
Middle
Richmond Heights Middle School
0.23 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
127
Student:teacher ratio
21.2:1
District
Richmond Heights Local
High
Richmond Heights High School
0.23 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
242
Student:teacher ratio
13.4:1
District
Richmond Heights Local

Walkability

Blended score for Cleveland's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

67
Walkable
out of 100
EPA National Walkability Index
9.8 / 20 -- Below average walkable
Google Places amenity density
93 / 100
Restaurants & cafes11
Grocery stores3
Parks3
Schools6
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Cleveland, from live MLS data.

On the market 544 days -- 494 more days than Cleveland's current average of 50 days.
For reference, the median list price across 2,617 active listings in Cleveland right now is $130,000.

Mortgage calculator

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Est. monthly payment
$6,172/mo
$200,000 down
$800,000 loan
Principal & interest$5,189
Property tax (est.)$833
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated September 24, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.