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    Updated Office Space in Cleveland Title is generated by Realmo AI

    10750 Pearl Rd UNIT E-4 Unit E-4, Cleveland, OH 44136

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    Claim this Listing
    For Sale
    $249,900

    Fully Updated Office Space

    Property size:
    808 SF
    Price / SF:
    $309/SF
    Added:
    Aug 19, 2025
    Days on Market:
    274
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 10750 Pearl Rd UNIT E-4 Unit E-4

    General Information

    Standard status
    Active
    Property type
    Creative space, Other office properties, Office Spaces
    Size
    808 SF
    Class
    C
    Elevators
    N/A
    Investment Type
    Owner User

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Christine Revay

    Listing agent Christine

    Listing office

    Listing date Aug 19, 2025

    HighLights

    • fully updated in high end finishes

    Overview

    Located in Albion Place Professional Offices in Strongsville, this fully renovated office condo offers a professional space suitable for a range of businesses. The interior features wood-style laminate flooring and a black-and-white design. The reception area includes space for clients, a custom wood-accented reception desk with a butcher block counter, and a light fixture. The updated kitchenette has two-tone black and white cabinetry, a butcher block countertop, a stainless steel deep sink, and an under-counter refrigerator. The bathroom features a smart mirror and finishes. The condo includes two general-use rooms suitable for private offices, treatment rooms, or collaborative workspace, along with a storage area currently used as a private office space. Situated on Pearl Road, the property offers visibility and access for clients within a maintained office community. The space is suitable for a small business owner, medical, wellness, legal, financial, or creative professionals seeking a turnkey space. The property is located a couple miles from the highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Creative space

    Map

    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.9733182
    Latitude
    41.3082005

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    FAQs

    What type of property is this?
    Creative space - Fully Updated Office Space
    Where is this creative space located?
    The property is located at 10750 Pearl Rd UNIT E-4 Unit E-4 Cleveland, OH.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: fully updated in high end finishes
    (440) 376-4181
    We can help!
    Listing Contact
    Christine Revay
    Learn More
    Request Owner's contact information
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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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    10750 Pearl Rd UNIT E-4, Unit E-4, Cleveland, OH 44136
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