Freestanding Equipped Restaurant
For Sale
Contact for pricing
16333 SNOW RD, Brook Park, OH 44142
Freestanding restaurant with fully equipped commercial kitchen, dine-in/takeout/catering capabilities, and on-site parking on a 1-acre lot.
Property Size4,468 SF
Lot Size1.00 Acre
Price / SF$649.06
Days on Market125
Property Features for 16333 SNOW RD
General Information
Standard status
Active
Size
4,468 SF
Total Parking Spaces
67
Lot size
1.00 Acre
Property subtype
Retail
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Year Built
2006
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Russell Commercial Advisory
Listed By:
Michael Pasadyn Jr · License #OH 2018001645
(216) 839-5500
Source:
Crexi
Added: May 3
Changed: Sep 2
Last Checked: Sep 2 at 3:16AM
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 Russell Commercial Advisory
Investment Insights
Based on property information with market context.
Freestanding restaurant building offering a fully equipped commercial kitchen and the ability to support dine-in, takeout, and catering. The property is listed as an approximately ±15,000 SF facility on a 1-acre lot with large on-site parking. The building was built within the last 25 years.
Located at 16333 Snow Rd in Brook Park, OH, the site is minutes from Cleveland Hopkins International Airport and in close proximity to the new Cleveland Browns stadium development. The property is positioned along major transportation corridors and is presented as a high-visibility location with surrounding development activity.
Located at 16333 Snow Rd in Brook Park, OH, the site is minutes from Cleveland Hopkins International Airport and in close proximity to the new Cleveland Browns stadium development. The property is positioned along major transportation corridors and is presented as a high-visibility location with surrounding development activity.
Key Highlights
- ±5,000 SF freestanding restaurant building built in 2006
- 1‑acre lot with large on‑site parking
- Fully equipped commercial kitchen included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$206,374
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,127,480
$4.1M
Cap Rate 7%
$2,948,200
$2.9M
Cap Rate 9%
$2,293,044
$2.3M
Market Conditions
NOI Build-Up for 4,468 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$306.1K $68.52/SF
− Vacancy
−$11.3K −$2.54/SF
EGI
$294.8K $65.98/SF
− OpEx
−$88.4K −$19.80/SF
NOI
$206.4K $46.19/SF
Area
Cuyahoga County, OH
Vacancy
3.70%
Lease Rate
$68.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,127,480
Cap Rate 7%
$2,948,200
Cap Rate 9%
$2,293,044
Alternative Uses
Best Use
Industrial
$2.95M
$2.58M – $3.44M
NOI $206,374 @ 7.0% cap · market cap 7.12%
Second Best
Specialty Retail
$698.3K
$611.0K – $814.6K
NOI $48,878 @ 7.0% cap · market cap 1.69%
Theoretical Best
Warehouse
$3.58M
$3.13M – $4.18M
NOI $250,597 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44142, OH
18,598
Population
8,302
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
90%
High-School Grad
7.4 sq mi
ZIP Area
2,513
Density / Sq Mi
$67,178
Median Household Income
$44,779
Median Earnings
$1,090
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant with fully equipped commercial kitchen, dine-in/takeout/catering capabilities, and on-site parking on a 1-acre lot.
Where is this conventional restaurant located?
The property is located at 16333 SNOW RD Brook Park, OH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: ±5,000 SF freestanding restaurant building built in 2006; 1‑acre lot with large on‑site parking; Fully equipped commercial kitchen included
