Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Middleburg Heights Commercial Development Opportunity Title is generated by Realmo AI

    7305 Pearl, Middleburg Heights, OH 44130

    View on Map
    Claim this Listing
    New
    For Sale
    $1,450,000

    COMMERCIAL - Middleburg Heights, OH

    Lot size:
    6.22 Acres
    Added:
    May 8, 2026
    Days on Market:
    6
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 7305 Pearl

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    374-06-051
    Lot size
    6.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10388

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Sylvia Incorvaia

    Listing agent Sylvia Incorvaia License #411497

    Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH

    Listing date May 8, 2026

    MLS# 5207067 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial location on Pearl Road with high traffic and excellent visibility.
    • Large 6.23‑acre combined development site across two consolidated parcels.
    • Zoned for Restaurant, Amusement, and Recreational Services, offering development flexibility.
    • Consolidated parcels and prior planning support efficient site layout and development.
    • Vacant land provides a blank canvas for developers, owner‑users, or investors.
    • Conveniently located near major roadways, retail, and residential areas with strong consumer activity.

    Overview

    This commercial property in Middleburg Heights, Ohio, presents a development opportunity with approximately 6.23 acres across two consolidated parcels. The site benefits from frontage on a high-traffic corridor, offering visibility and accessibility. Zoned for Restaurant, Amusement, and Recreational Services, the property allows for restaurant, cafe, retail, or entertainment-focused development. The consolidated parcels create an efficient layout for planning and construction. Prior planning and municipal approvals support future development, including considerations for access and site configuration. The vacant property offers a blank canvas for developers, owner-users, or investors seeking a well-positioned commercial site. The location is near major roadways, surrounding retail, and established residential communities, benefiting from consistent traffic and consumer activity. Buyers are encouraged to perform their own due diligence regarding zoning, permitted uses, utilities, and development requirements. The approximate acreage is subject to final survey and verification.
    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 Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Middleburg Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8054077
    Latitude
    41.3666104

    Nearby Similar for Sale

    • $1,350,000

      Bagley Road Redevelopment Opportunity

      High-visibility commercial site with redevelopment potential in Middleburg Heights.
      18820 Bagley Road, Middleburg Heights, OH 44130
      View Details
    • $625,000

      Middleburg Heights Development Opportunity

      Approximately 6 acres of vacant land in Middleburg Heights, OH.
      6689 Fry Road, Middleburg Heights, OH 44130
      View Details
    • $310,000

      Middleburg Heights Land with Barn

      4+ acres in Middleburg Heights with existing barn.
      7640 S Eastland Road, Middleburg Heights, OH 44017
      View Details
    • Contact for pricing
      2,520 SF

      Freestanding Restaurant Building on Bagley

      2,520 SF restaurant on 3.38 acres near I-71.
      18055 Bagley Road, Middleburg Heights, OH 44130
      View Details
    • $1,100,000
      12,800 SF

      Freeway Circle Office Building

      Office building with highway access and fiber connectivity.
      7830 Freeway Cir, MIDDLEBURG HEIGHTS, OH
      View Details
    • $2,917,000
      2,092 SF

      Popeyes Restaurant NNN Investment Opportunity

      New construction Popeyes with long-term lease and rental increases.
      17505 Bagley Rd, Middleburg Heights, OH
      View Details
    • $2,917,000
      2,089 SF

      New Popeyes Restaurant For Sale

      New Popeyes with 20-year NNN lease in Middleburg Heights.
      17505 Bagley Rd, Middleburg Heights, OH 44130
      View Details
    • $1,350,000
      8,453 SF

      Bagley Road Commercial Redevelopment Opportunity

      High-visibility commercial property with redevelopment potential in Middleburg Heights.
      18820 Bagley Road, Middleburg Heights, OH 44130
      View Details
    • $650,000
      9,786 SF

      Middleburg Heights Industrial Property For Sale

      Industrial property with expansion potential, convenient highway access.
      17801 Sheldon Rd, Middleburg Heights, OH
      View Details
    • Contact for pricing

      Retail Development Opportunity Available

      Retail property with high visibility and development potential.
      Pearl Rd, Middleburg Heights, OH
      View Details
    • $1,750,000

      Land For Sale Middleburg Heights

      11.796 acres of land zoned for senior living.
      19170 Bagley Rd, Middleburg Heights, OH 44130
      View Details
    • $675,000

      Engle Road Commercial Land Available

      Commercial land for sale near I-71 and local amenities.
      7400 Engle Rd, Middleburg Heights, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 6.23-acre commercial site on Pearl Road.
    Where is this commercial land located?
    The property is located at 7305 Pearl Middleburg Heights, OH.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Prime commercial location on Pearl Road with high traffic and excellent visibility.; Large 6.23‑acre combined development site across two consolidated parcels.; Zoned for Restaurant, Amusement, and Recreational Services, offering development flexibility.
    (216) 316-1893
    We can help!
    Listing Contact
    Sylvia Incorvaia
    Real Estate License ID: 411497
    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
    7305 Pearl, Middleburg Heights, OH 44130
    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!