Neighborhood Center on Pearl
For Sale
Contact for pricing
Pending
791 Pearl Rd, Brunswick, OH 44212
43,000+ sqft neighborhood center in Brunswick, Ohio.
Property Size43,966 SF
Days on Market242
Property Features for 791 Pearl Rd
General Information
Standard status
Pending
Size
43,966 SF
Class
B
Property subtype
Retail
Zoning
Commercial
Occupancy
91%
Lease Type
NN
Investment Type
Value Add
Building Details
Year Built
1974
Stories
1
Units
14
Tenancy
Multi
Listing Agency:
Anchor Retail
Listed By:
Arthur Kaplan · License #OH SAL.2014001626
(646) 494-4658
Source:
Crexi
Added: Feb 10
Changed: Sep 13
Last Checked: Oct 9 at 6:16PM
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 Anchor Retail
Investment Insights
Based on property information with market context.
The property at 791-839 Pearl Road is a neighborhood center with approximately 43,000 square feet of space. It is strategically positioned along Pearl Road, which sees over 16,500 vehicles per day, providing strong visibility and convenient access. The center serves the community of Brunswick, Ohio.
Key Highlights
- Well‑located ±43,000 square foot neighborhood center.
- Located in the growing, affluent community of Brunswick, Ohio.
- Strategically positioned along busy Pearl Road.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,486
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,489,720
$3.5M
Cap Rate 7%
$2,492,657
$2.5M
Cap Rate 9%
$1,938,733
$1.9M
Market Conditions
NOI Build-Up for 43,966 SF
Gross rent
$258.5K $5.88/SF
− Vacancy
−$9.3K −$0.21/SF
EGI
$249.3K $5.67/SF
− OpEx
−$74.8K −$1.70/SF
NOI
$174.5K $3.97/SF
Area
Medina County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,489,720
Cap Rate 7%
$2,492,657
Cap Rate 9%
$1,938,733
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.91M
NOI $174,486 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.26M
$10.73M – $14.31M
NOI $858,438 @ 7.0% cap · market cap 31.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Circle K
Shops & Services
15,077 visits/mo
0.5 miles
Cozumel
Dining
8,798 visits/mo
0.3 miles
Dollar General
Shops & Services
5,649 visits/mo
0.1 miles
Clarkson Eyecare
Shops & Services
923 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Hickory Ridge Plaza — Ames Plaza Shopping Center, 1091 Pearl Rd, Brunswick, OH 44212
Frequently Asked Questions
What type of property is this?
Shopping center - 43,000+ sqft neighborhood center in Brunswick, Ohio.
Where is this shopping center located?
The property is located at 791 Pearl Rd Brunswick, OH.
What is the asking price?
The asking price for this property is $2,690,275.
What are key features of this property?
This property features: Well‑located ±43,000 square foot neighborhood center.; Located in the growing, affluent community of Brunswick, Ohio.; Strategically positioned along busy Pearl Road.
