Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on Pearl Road Title is generated by Realmo AI

    1991 Pearl Rd, Brunswick, OH

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

    1.31 acre commercial land with frontage on Pearl Road.

    Type:LAND
    Lot size:
    1.31 Acres
    Added:
    Aug 14, 2025
    Days on Market:
    276
    Last Refresh:
    Apr 5 at 8:41 pm

    Property Features for 1991 Pearl Rd

    General Information

    Standard status
    Active
    Lot size
    1.31 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Troy Gerspacher, CCIM, SIOR

    Listing agent Troy Gerspacher, CCIM, SIOR

    Listing office Gerspacher Real Estate Group

    Listing date Aug 14, 2025

    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 Gerspacher Real Estate Group

    HighLights

    • 1.31 acres of land in Brunswick City
    • Zoned C‑G (General Commercial District)
    • ±145' Frontage on Pearl Road
    • Conditionally Permitted Uses: Automobile Repair, New Vehicle Sales, Building Materials, Lumber or Garden Sales
    • High Traffic Count: ±15,726
    • Easy Highway Access: 3.3 miles to I‑71

    Overview

    This 1.31-acre commercial land parcel features approximately 145 feet of frontage on Pearl Road and a depth of approximately 375 feet. The property is zoned C-G (General Commercial District) within Brunswick City. Conditionally permitted uses include automobile repair, new vehicle sales, and building materials, lumber, or garden sales. The location benefits from a traffic count of approximately 15,726 vehicles. Highway access is available 3.3 miles to I-71. Annual real estate taxes are $3,453.28.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Medina
    State
    Ohio
    Longitude
    -81.8413
    Latitude
    41.2213

    Nearby Similar for Sale

    • $436,000
      4,808 SF

      Unique Multi-Family Home with Suite

      Brunswick multi-family home featuring a custom in-law suite.
      3498 VARMLAND COURT, Brunswick, OH 44212
      View Details
    • $165,000
      1,586 SF

      Brunswick Hills 5-Acre Lot

      5-acre lot with utilities and outbuilding in Brunswick Hills.
      3852 Sleepy Hollow Road, Brunswick Hills, OH 44212
      View Details
    • $675,000
      7,200 SF

      Office/Retail Building with Stable Income

      7,200 SF building leased to Clarkson Eyecare with renewal.
      946 Pearl Rd, Brunswick, OH
      View Details
    • $1,465,000
      6,000 SF

      Prime Business Park Property

      Office building with development potential in Brunswick Business Park.
      1680 Industrial Pkwy, Brunswick, OH
      View Details
    • $700,000

      Prime Retail Location in Brunswick

      Retail property in Brunswick, Ohio with easy highway access.
      1550 Pearl Road , Brunswick, OH 44212
      View Details
    • $699,000

      Commercial Land with Duplex

      3.4 AC commercial land with duplex and heated shop.
      5293 Center Rd, Brunswick, OH
      View Details
    • $16,000

      Residential Lot in Brunswick, OH

      Residential lot in established neighborhood with utilities available.
      V/L 0.347 AC Walnut Ridge Avenue, Brunswick, OH 44212
      View Details
    • $349,000

      Prime Commercial Land Opportunity

      1.25 acre commercial land with high visibility in Brunswick.
      1625 Pearl Rd, Brunswick, OH
      View Details
    • $16,000

      Residential Lot in Established Neighborhood

      Residential lot in Brunswick, OH, with utilities available.
      V/L 0.344 AC Walnut Ridge Avenue, Brunswick, OH 44212
      View Details
    • $2,690,275
      43,966 SF

      Neighborhood Center on Pearl Road

      43,000+ sqft neighborhood center in Brunswick, Ohio.
      791 Pearl Rd, Brunswick, OH 44212
      View Details
    • $29,900

      Residential Lot in Established Neighborhood

      Charming residential lot near amenities and I-71.
      V/L 0.69 AC Walnut Ridge Avenue, Brunswick, OH 44212
      View Details
    • $699,000

      3.4 Acres Commercial Land Available

      3.4 acres for sale or ground lease in Brunswick, OH.
      1787 Pearl Rd, Brunswick, OH
      View Details

    FAQs

    What type of property is this?
    Land - 1.31 acre commercial land with frontage on Pearl Road.
    Where is this land located?
    The property is located at 1991 Pearl Rd Brunswick, OH.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: 1.31 acres of land in Brunswick City; Zoned C‑G (General Commercial District); **±145' Frontage on Pearl Road**
    (216) 470-4545 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Troy Gerspacher, CCIM, SIOR
    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
    1991 Pearl Rd, Brunswick, 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!