Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    8700 Brookpark Rd Brooklyn, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Rare, large warehouse/flex space with multiple docks and high ceilings.

    Type:INDUSTRIAL
    Property size:
    290,478 SF
    Lot size:
    22.80 Acres
    Added:
    Dec 10, 2024
    Days on Market:
    514
    Last Refresh:
    Apr 5 at 8:21 pm

    Property Features for 8700 Brookpark Rd

    General Information

    Standard status
    Active
    Size
    290,478 SF
    Lot size
    22.80 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 8700 Brookpark Rd Contact us

    We can help!

    Listing Contact
    Chad Whitmer
    Chad Whitmer

    Listing agent Chad Whitmer

    Listing office Hoff & Leigh

    Listing date Dec 10, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Hoff & Leigh

    HighLights

    • Prime Brookpark Road frontage in a high‑traffic location near major retailers.
    • Rare, large contiguous warehouse/flex space up to nearly 300,000 sq ft.
    • Ample warehouse space with multiple docks, high ceilings, and temperature control.
    • Includes a separate standalone warehouse.
    • Suitable for production, office, manufacturing, or warehouse use.
    • Ground level access and signage opportunities.

    Overview

    Large Warehouse with Brookpark Frontage

    This property offers a substantial warehouse and flex space, featuring frontage on Brookpark Road. Formerly a furniture department store, the location includes contiguous warehouse space with docks, high ceilings, and temperature control. Ample parking, signage opportunities, and ground-level access are available. The property offers up to nearly 300,000 square feet of contiguous space, suitable for production, office use, manufacturing, or general warehousing. Located off the Ridge Road exit, 8700 Brookpark Road is strategically positioned within the high-traffic Brookpark corridor, near Menards, Walmart, Home Depot, Sam's Club, and major auto dealerships.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places Nearby

    • Public Storage — 11395 Brookpark Rd, Parma, OH 44130
    • Parma Self Storage — 9425 Brookpark Rd, Parma, OH 44129
    • U-Pack — 5630 Chevrolet Blvd, Parma, OH 44130

    Map

    City
    Brooklyn
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7418
    Latitude
    41.4369

    Nearby Similar for Lease

    • $2,500/Mo

      Brooklyn Warehouse Space For Lease

      Functional warehouse space in Brooklyn, Ohio, ideal for various uses.
      11350 Brookpark Road, Brooklyn, OH 44130
      View Details
    • $1,500/Mo

      Brooklyn Office Space For Lease

      1,500 sq. ft. office space in Brooklyn, Ohio.
      11350 Brookpark Road, Brooklyn, OH 44130
      View Details
    • $2,500/Mo

      Versatile Storage Space in Brooklyn, OH

      5,000 sq. ft. storage space for lease in Brooklyn.
      11350 Brookpark Road, Brooklyn, OH 44130
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 4660 Ridge Road.
      4660 Ridge Road, Brooklyn, OH 44144
      View Details
    • Contact for pricing

      Brooklyn Flex Space Available

      162,703 SF industrial/flex and office space for lease.
      1 American Rd, Brooklyn, OH
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail space for lease in Old Brooklyn neighborhood.
      4630 Ridge Rd, Brooklyn, OH
      View Details
    • Contact for pricing

      Retail End Cap For Lease

      1,600 SF retail space near Ridge Road and Biddulph.
      4660-4680 Ridge Rd, Brooklyn, OH
      View Details
    • Contact for pricing

      Industrial Facility with Crane Capacity

      Industrial facility for lease with 30-ton crane capacity.
      8500 Clinton Rd, Brooklyn, OH
      View Details
    • Contact for pricing

      Retail Space Near Giant Eagle

      Retail spaces available near Giant Eagle with highway access.
      6300-7106 Biddulph Rd, Brooklyn, OH
      View Details
    • Contact for pricing

      Professional Office Building Near I-480

      Four-story office building with ample parking and natural light.
      7575 Northcliff Ave, Brooklyn, OH
      View Details
    • Contact for pricing

      Retail Pad Site Available

      Retail pad site available in Brook Ridge Plaza.
      7400 - 7340 Brookpark Rd, Brooklyn, OH 44129
      View Details

    FAQs

    What type of property is this?
    Warehouse - Rare, large warehouse/flex space with multiple docks and high ceilings.
    Where is this warehouse located?
    The property is located at 8700 Brookpark Rd Brooklyn, OH.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Prime Brookpark Road frontage in a high‑traffic location near major retailers.; Rare, large contiguous warehouse/flex space up to nearly 300,000 sq ft.; Ample warehouse space with multiple docks, high ceilings, and temperature control.
    (330) 940-9360 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Whitmer
    Chad Whitmer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8700 Brookpark Rd, Brooklyn, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!