Animal and Avian Medical
For Sale
$2,190,000
4171 Center Rd, Brunswick, OH 44212
Specialized healthcare property configured for animal and avian medical operations in Brunswick, Ohio.
Property Size12,766 SF
Price / SF$182.50
Days on Market53
Property Features for 4171 Center Rd
General Information
Standard status
Active
Size
12,766 SF
Property subtype
Single-Tenant Office Medical
Lease Type
NN
Additional Details
Cap Rate
8.25%
Amenities
Lease Features 2.7 Years Remaining with One, Five-Year Renewal Option
Located in the Heart of Brunswick, Ohio (Cleveland MSA)
Lease Features a Corporate Guarantee
Building Details
Building Size
12,766 SF
Listing Agency:
Marcus & Millichap - Cleveland
(216) 264-2037
Listed By:
William Skoch · License #License(s): OH: SAL.2021008491
(216) 264-2037
Source:
Marcusmillichap
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 30 at 1:11PM
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 Marcus & Millichap - Cleveland
Investment Insights
Based on property information with market context.
The Animal and Avian Medical Center is a 12,000-square-foot medical office property identified for animal and avian healthcare use. The asset is located at 4171 Center Rd in Brunswick, Ohio, and is offered for sale.
The property is part of the Cleveland-Akron metropolitan statistical area. Its specialized medical-office identity and established center name provide clear context for evaluating the asset within the healthcare property sector.
The property is part of the Cleveland-Akron metropolitan statistical area. Its specialized medical-office identity and established center name provide clear context for evaluating the asset within the healthcare property sector.
Key Highlights
- 12,000‑square‑foot medical office property
- Animal and Avian Medical Center identity
- Located at 4171 Center Rd, Brunswick, OH 44212
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
$147,117
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
6.72%
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%
$2,942,340
$2.9M
Cap Rate 7%
$2,101,671
$2.1M
Cap Rate 9%
$1,634,633
$1.6M
Market Conditions
NOI Build-Up for 12,000 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
$257.8K $21.48/SF
− Vacancy
−$61.6K −$5.13/SF
EGI
$196.2K $16.35/SF
− OpEx
−$49.0K −$4.09/SF
NOI
$147.1K $12.26/SF
Area
Medina County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$2,942,340
Cap Rate 7%
$2,101,671
Cap Rate 9%
$1,634,633
Alternative Uses
Best Use
Office B
$2.10M
$1.84M – $2.45M
NOI $147,117 @ 7.0% cap · market cap 6.72%
Second Best
Healthcare Medical
$650.3K
$569.1K – $758.7K
NOI $45,524 @ 7.0% cap · market cap 2.08%
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,301 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44212, OH
45,749
Population
19,101
Households
2.4
Avg Household Size
42
Median Age
30%
College-Educated
93%
High-School Grad
21.0 sq mi
ZIP Area
2,179
Density / Sq Mi
$87,776
Median Household Income
$49,175
Median Earnings
$1,135
Median Rent
$244,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- VetIQ Petcare — 3800 Center Rd, Brunswick, OH 44212
- Dr. Walter E. Martin — 4171 Center Rd, Brunswick, OH 44212
- Dr. Lisa J. Wilson — 4171 Center Rd, Brunswick, OH 44212
- Kirby Kim DVM — 4171 Center Rd, Brunswick, OH 44212
- Ark Animal Hospital — 1164 Pearl Rd, Brunswick, OH 44212
Frequently Asked Questions
What type of property is this?
Medical Office Space - Specialized healthcare property configured for animal and avian medical operations in Brunswick, Ohio.
Where is this medical office space located?
The property is located at 4171 Center Rd Brunswick, OH.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: 12,000‑square‑foot medical office property; Animal and Avian Medical Center identity; Located at 4171 Center Rd, Brunswick, OH 44212
