Shopping Center with Two
14375 - 14427 Pearl Road, Strongsville, OH 44136
For Sale
Contact for pricing
The center combines shop space with two additional outlot parcels along Pearl Road.
Property Size41,025 SF
Price / SF$143.81
Days on Market36
Property Features for 14375 - 14427 Pearl Road
General Information
Standard status
Size
Property subtype
Additional Details
Traffic Count
Tenant in Place
Building Details
Tenancy
Listing Agency:
CBRE - Cincinnati
Listed By:
Chris Prosser, CCIM · License #OH SAL.0000443707
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 2:52PM
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 CBRE - Cincinnati
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Investment Insights
Based on property information with market context.
Strongsville Pointe is a multitenant retail center comprising approximately 41,025 square feet across its shop space and two outlots. The offering is the fee simple interest in the property, located at 14375–14427 Pearl Road in Strongsville, Ohio.
Pearl Road carries over 28,000 vehicles per day past the center. The Royalton and Pearl intersection, approximately 0.3 miles to the north, handles over 61,000 vehicles per day. The property is within Strongsville’s retail corridor.
Pearl Road carries over 28,000 vehicles per day past the center. The Royalton and Pearl intersection, approximately 0.3 miles to the north, handles over 61,000 vehicles per day. The property is within Strongsville’s retail corridor.
Key Highlights
- Approximately 41,025 square feet across shop space and two outlots
- Multitenant shopping center offered as a fee simple interest
- Pearl Road traffic exceeds 28,000 vehicles per day at the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$391,994
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,839,880
$7.8M
Cap Rate 7%
$5,599,914
$5.6M
Cap Rate 9%
$4,355,489
$4.4M
Market Conditions
NOI Build-Up for 41,025 SF
Gross rent
$615.4K $15.00/SF
− Vacancy
−$55.4K −$1.35/SF
EGI
$560.0K $13.65/SF
− OpEx
−$168.0K −$4.10/SF
NOI
$392.0K $9.56/SF
Area
Cuyahoga County, OH
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,839,880
Cap Rate 7%
$5,599,914
Cap Rate 9%
$4,355,489
Alternative Uses
Best Use
Retail
$5.60M
$4.90M – $6.53M
NOI $391,994 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.62M
$6.67M – $8.89M
NOI $533,456 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
28,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44136, OH
25,890
Population
11,019
Households
2.3
Avg Household Size
45
Median Age
46%
College-Educated
94%
High-School Grad
13.5 sq mi
ZIP Area
1,918
Density / Sq Mi
$93,713
Median Household Income
$55,616
Median Earnings
$1,264
Median Rent
$271,300
Median Home Value
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Market
Properties on Market for Shopping centers in Cuyahoga County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Strongsville South Plaza Shopping Center — Strongsville, OH 44149
- Strongsville Towne Center — 15153 Pearl Rd, Strongsville, OH 44136
- Strongsville Plaza — Pearl Rd, Strongsville, OH 44136
- Sunglass Hut — 144 Southpark Center, Strongsville, OH 44136
- Blended SouthPark — 500 Southpark Center, Strongsville, OH 44136
Frequently Asked Questions
What type of property is this?
Shopping center - The center combines shop space with two additional outlot parcels along Pearl Road.
Where is this shopping center located?
The property is located at 14375 - 14427 Pearl Road Strongsville, OH.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Approximately 41,025 square feet across shop space and two outlots; Multitenant shopping center offered as a fee simple interest; Pearl Road traffic exceeds 28,000 vehicles per day at the property
