6479 Brecksville Road, Independence, OH 44131

Building Details

Building Size 15,470 SF More

Year Built 1953 More

Stories 1 More

Listing Agency: Allen & Hartzell, Inc,

Listed By: Lynda M Bowers · License #326051 Show Phone

Source: Evrealestate

Added: Sep 26 Changed: Nov 6 Last Checked: Nov 8 at 6:17AM

Report an Issue

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 Allen & Hartzell, Inc,

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This strip retail property at 6479 Brecksville Road in Independence, Ohio, was built in 1953. The property is zoned Commercial and has central air conditioning, natural-gas forced-air heating, and an asphalt exterior.

The listed route approaches from I-71 at Exit 155 via Rockside Road and Brecksville Road.

Key Highlights

• Commercial zoning
• Built in 1953
• Central air conditioning and natural‑gas forced‑air heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$147,816

Cap Rate

8.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,956,320 $3.0M

Cap Rate 7%

$2,111,657 $2.1M

Cap Rate 9%

$1,642,400 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,470 SF

Gross rent

$232.1K $15.00/SF

− Vacancy

−$20.9K −$1.35/SF

EGI

$211.2K $13.65/SF

− OpEx

−$63.3K −$4.10/SF

NOI

$147.8K $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%

$2,956,320

Cap Rate 7%

$2,111,657

Cap Rate 9%

$1,642,400

Alternative Uses

Best Use

Retail

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,816 @ 7.0% cap · market cap 8.21%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$12.40M

$10.85M – $14.46M (±1% cap)

NOI $867,667 @ 7.0% cap · market cap 48.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Barber Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

498

Businesses Nearby

Explore this area Business Placement

Demographics for 44131, OH

20,664

Population

8,861

Households

2.3

Avg Household Size

49

Median Age

40%

College-Educated

97%

High-School Grad

15.7 sq mi

ZIP Area

1,316

Density / Sq Mi

$98,838

Median Household Income

$59,474

Median Earnings

$1,512

Median Rent

$252,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Independence Office Building For Sale

5755 Granger Road, Independence, OH 44131

$1,900,000

View details

Minoff Industrial Park Industrial Property

8001 Pleasant Valley Rd, Independence, OH 44131

Contact for pricing

670,702 SF

View details

Frequently Asked Questions

What type of property is this?

Strip mall - The property has central air and natural-gas forced-air heating.

Where is this strip mall located?

The property is located at 6479 Brecksville Road Independence, OH.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Commercial zoning; Built in 1953; Central air conditioning and natural‑gas forced‑air heating