Fully Occupied Shopping
For Sale
Contact for pricing
7554 Pearl Rd, Middleburg Heights, OH 44130
Retail center positioned at Pearl Road and Bagley Road with convenient access to Interstate 71.
Property Size21,836 SF
Price / SF$180.89
Days on Market175
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Property Features for 7554 Pearl Rd
General Information
Standard status
Active
Size
21,836 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Traffic Count
27,553 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
7%
Building Details
Year Built
1990
Units
8
Tenancy
Multi
Listing Agency:
Gatto Group Inc
Listed By:
Donny Gatto · License #2024006572
Source:
Crexi
Added: Apr 24
Changed: Oct 15
Last Checked: Oct 14 at 7:44PM
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 Gatto Group Inc
Investment Insights
Based on property information with market context.
Georgetown Square Plaza is a 21,836-square-foot shopping center built in 1990 at 7554 Pearl Rd in Middleburg Heights, Ohio. The property is 100% occupied and features a tenant roster comprising national, regional, and local brands. Ample parking and limited landlord responsibilities support the center’s operating profile.
The center sits at the intersection of Pearl Road and Bagley Road, with access to Interstate 71. Average daily traffic is reported at 27,553 vehicles, and the property serves a densely populated area. The asset is offered with a 7% cap rate.
The center sits at the intersection of Pearl Road and Bagley Road, with access to Interstate 71. Average daily traffic is reported at 27,553 vehicles, and the property serves a densely populated area. The asset is offered with a 7% cap rate.
Key Highlights
- 21,836 SF shopping center built in 1990
- 100% occupancy with national, regional, and local tenants
- 7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,498
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,049,960
$4.0M
Cap Rate 7%
$2,892,829
$2.9M
Cap Rate 9%
$2,249,978
$2.2M
Market Conditions
NOI Build-Up for 21,836 SF
Gross rent
$314.4K $14.40/SF
− Vacancy
−$25.2K −$1.15/SF
EGI
$289.3K $13.25/SF
− OpEx
−$86.8K −$3.97/SF
NOI
$202.5K $9.27/SF
Area
ZIP 44130
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,049,960
Cap Rate 7%
$2,892,829
Cap Rate 9%
$2,249,978
Alternative Uses
Best Use
Retail
$2.89M
$2.53M – $3.37M
NOI $202,498 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.11M
$3.60M – $4.80M
NOI $287,801 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
27,553 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44130, OH
50,825
Population
23,819
Households
2.1
Avg Household Size
45
Median Age
28%
College-Educated
92%
High-School Grad
17.1 sq mi
ZIP Area
2,972
Density / Sq Mi
$68,099
Median Household Income
$43,474
Median Earnings
$1,045
Median Rent
$184,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Briarcliffe Plaza Shopping Center — Middleburg Heights, OH 44130
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center positioned at Pearl Road and Bagley Road with convenient access to Interstate 71.
Where is this shopping center located?
The property is located at 7554 Pearl Rd Middleburg Heights, OH.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 21,836 SF shopping center built in 1990; 100% occupancy with national, regional, and local tenants; 7% cap rate
