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    4240-4250 Pearl Rd Cleveland, OH 44109

    For Lease
    Contact for pricing

    11,623 SF retail space for sublease on Pearl Road.

    Property size:
    11,623 SF
    Lot size:
    1.85 Acres

    Property Features for 4240-4250 Pearl Rd

    General Information

    Size
    11,623 SF
    Lot size
    1.85 Acres

    Source: Cresco Real Estate | Cleveland Agent Alex Smith

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

    Overview

    Former CVS Retail Space Available

    This 11,623 square foot retail space, formerly a CVS, is available for sublease. It is located at the signalized corner of Pearl Road and Memphis Avenue, which experiences over 20,000 vehicles per day. Ample parking is available. The property is approximately 1.5 miles from I-480. The surrounding area includes retailers such as Walgreens, McDonald’s, and Burger King. The population within a 5-mile radius is 322,155.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    COVID-19 Drive-Thru Testing at Walgreens, Walgreens Pharmacy, Erin Shur, Debra Lieske, Cindy Fraser

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7063619
    Latitude
    41.440349

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    FAQs

    What type of property is this?
    Drug store - 11,623 SF retail space for sublease on Pearl Road.
    Where is this drug store located?
    The property is located at 4240-4250 Pearl Rd Cleveland, OH.
    What are key features of this property?
    This property features: - 11,623 SF former CVS available for sublease; - Located at the signalized, hard corner of Pearl and Memphis Avenue with over 20,000 VPD; - Population of 322,155 within a 5 mile radius
    (216) 525-1490
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    4240-4250 Pearl Rd Cleveland, OH 44109
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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
    4240-4250 Pearl Rd Cleveland, OH 44109
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