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    15751 Commerce Park Dr Brook Park, OH 44142

    For Sale
    $749,000

    Single-tenant warehouse with long-term NNN lease and annual rental increases.

    Lot size:
    0.69 Acres

    Property Features for 15751 Commerce Park Dr

    General Information

    Lot size
    0.69 Acres

    Source: Green Bridge Real Estate Agent Matthew S. King

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

    Overview

    Warehouse Near Upcoming Football Dome

    This 10,082 square-foot warehouse, including 1,300 square feet of cooler space, is located near the new $2.4 billion dollar football dome scheduled to open in 2027. The property is situated minutes from major freeways and downtown Cleveland. It is currently operating under a long-term, 50+ year single-tenant NNN lease with a national tenant, Smithfield Direct, which reported $14.1 billion in companywide sales in 2024 with 34,000 employees. The NNN lease includes 2.5% annual rental increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Executive Moving solutions, Whitacre Logistics, Space Shop Self Storage, Storage 52, Rock-n-Roll City Harley-Davidson

    Location Insight

    • Map
    • Local Demand
    City
    Brook Park
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.807027
    Latitude
    41.4113467

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    FAQs

    What type of property is this?
    Warehouse - Single-tenant warehouse with long-term NNN lease and annual rental increases.
    Where is this warehouse located?
    The property is located at 15751 Commerce Park Dr Brook Park, OH.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - 50+ Year, Long Term Single Tenant NNN Lease with strong National Tenant; - Located in the shadow of the new $2.4 Billion Dollar Football Dome; - NNN leased with 2.5% annual rental increases
    (216) 452-9292
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    15751 Commerce Park Dr Brook Park, OH 44142
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    Brook Park, OH 44142
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    Realmo Value Estimation

    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.

    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.

    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
    15751 Commerce Park Dr Brook Park, OH 44142
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