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    The Largest CRE Database in the US with Over 1 Million Listings

    Roger Nair, Strongsville, OH

    License ID: 2011001849
    Years of Experience
    35
    Association
    Medina County Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (440) 572-1200
    Office Address:
    18318 Pearl Rd., Strongsville, OH

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land
    • Residential

    Performance

    Listings
    28
    Total transactions
    509
    Total transactions amount
    $118M
    Price range
    $25k - 550k
    Average price
    $232k

    Listings

    For Sale (24)

    View map
    • $1,140,000
      8.30 Acres

      Fairlawn Office Building Opportunity

      Potential office building site in Fairlawn, Ohio.
      Kumho Dr, Fairlawn, OH 44333
      View Details
    • Contact for pricing
      0.26 Acres

      Cinnamon Lake Buildable Lot

      Buildable lot in gated community with lake and amenities.
      Laurel Rd, West Salem, OH 44287
      View Details
    • Contact for pricing
      0.27 Acres

      Land in Gated Lake Community

      Buildable lot in a gated community with lake access.
      Maderia Dr, West Salem, OH 44287
      View Details
    • $818,720
      51.17 Acres

      Garrettsville Land with New Building

      51+ acre lot with new building, ideal for investment.
      Bryant Rd, Garrettsville, OH 44231
      View Details
    • $365,160
      21.48 Acres

      Garrettsville Land for Hunting/Nature

      21.48 acre wooded lot, currently a bee farm.
      82 Vl State Rte, Garrettsville, OH 44231
      View Details
    • $748,320
      46.77 Acres

      Garrettsville Land for Hunting/Nature

      Investment opportunity: wooded land, wildlife, currently a bee farm.
      Bryant Rd, Garrettsville, OH 44231
      View Details
    • $1,910,720
      119.42 Acres

      Garrettsville Land with New Building

      119+ acre lot with new building near Akron, Cleveland.
      Bryant & Sr 82, Garrettsville, OH 44231
      View Details
    • $40,000
      1.22 Acres

      Brunswick, OH Land For Sale

      1.22 acre land parcel available in Brunswick, Ohio.
      Terrington Dr, Brunswick, OH 44212
      View Details
    • $300,000
      4.94 Acres

      Brunswick, OH Land Parcel

      Large land parcel in desired West Chase subdivision, Brunswick, Ohio.
      5101 Center Rd, Brunswick, OH 44212
      View Details
    • $350,000
      5.06 Acres

      Brunswick Land Parcel Opportunity

      Large land parcel in desired West Chase subdivision, Brunswick, Ohio.
      Center Rd, Brunswick, OH 44212
      View Details
    • $184,000
      0.10 Acres

      Elyria Retail Building For Sale

      Former bakery/catering service building, potential for two storefronts.
      501 Lake Ave, Elyria, OH 44035
      View Details
    • $244,900
      4.62 Acres

      Commercial Land in Brunswick, Ohio

      Prime commercial land available in Brunswick, Ohio, with high visibility.
      Pearl Rd, Brunswick, OH 44212
      View Details
    • $1,250,000
      10.83 Acres

      Brunswick, OH Land Opportunity

      Residential land with development potential in Brunswick, Ohio.
      4999-5035 Center Rd, Brunswick, OH 44212
      View Details
    • $650,000
      1.60 Acres

      Commercial Lot in High Traffic Area

      Commercial land in Medina, OH, with city utilities.
      Wooster Pike, Medina, OH 44256
      View Details
    • $350,000
      1.06 Acres

      Commercial Lot in High Traffic Area

      Commercial lot in Medina, OH, suitable for various business ventures.
      Wooster Pike, Medina, OH 44256
      View Details
    • $435,000
      2.40 Acres

      Commercial Land on Busy Intersection

      2+ acre commercial lot at a busy, high-traffic intersection.
      684 Akron Rd, Wadsworth, OH 44281
      View Details
    • $350,000
      2.31 Acres

      Fairlawn, OH Commercial Land

      Commercial land available in Fairlawn, Ohio, suited for office building.
      Kumho Dr, Fairlawn, OH 44333
      View Details
    • $440,000
      3.60 Acres

      Fairlawn Commercial Land Opportunity

      3.6 acre commercial land available in Fairlawn, Ohio.
      Kumho Dr, Fairlawn, OH 44333
      View Details
    • $350,000
      2.36 Acres

      Fairlawn Commercial Land Opportunity

      Commercial land available in Fairlawn, Ohio, suitable for office development.
      Kumho Dr, Fairlawn, OH 44333
      View Details
    • $275,000
      1.78 Acres

      Fairlawn Commercial Land For Sale

      Commercial land with great exposure near interstate and business park.
      721 S Cleveland Massillon Rd, Fairlawn, OH 44333
      View Details
    • $279,000
      3.50 Acres

      Vacant Commercial Land in Brunswick

      3.5 acre commercial land available in Brunswick, Ohio.
      1044-1070 Pearl Rd, Brunswick, OH 44212
      View Details
    • $1,500,000
      1.38 Acres

      Established Medina Industrial Property

      Profitable Limousine Business & Land
      887 Liberty St, Medina, OH 44256
      View Details
    • $1,250,000
      10.83 Acres

      Brunswick Mixed-Use Investment Opportunity

      High-yield rental property, subdivision potential.
      4999-5035 Center Rd, Brunswick, OH 44212
      View Details
    • $229,000
      6,256 SF

      Elyria Warehouse: Investment Opportunity

      Spacious warehouse, flexible layout, great location.
      160 Eady Ct, Elyria, OH 44035
      View Details

    For Lease (4)

    View map
    • $1,500,000
      60,113 SF

      Commercial Property Near Medina Square

      Established limousine business and property for sale near Medina Square.
      887 W Liberty St, Medina, OH 44256
      View Details
    • $1,200 /Mo
      4,622 SF

      Cleveland Retail/Office Space For Lease

      Retail or office space available for lease in Cleveland, Ohio.
      6818 Lorain Ave, Cleveland, OH 44102
      View Details
    • $2,000 /Mo
      88,862 SF

      Newer Flex/Warehouse/Storage Space

      Flex/warehouse/storage space with private bathroom near I-77 & I-76.
      2476 Heritage Pkwy, Norton, OH 44203
      View Details
    • $1,100 /Mo
      88,862 SF

      Flex/Warehouse Space Near Highways

      Newer flex/warehouse/storage space near I-77 and I-76.
      2476 Heritage Pkwy, Norton, OH 44203
      View Details

    Leases and Sales on Map

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    Roger Nair, Strongsville, OH
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Roger Nair, Strongsville, OH
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