Retail Buildings on Brookpark
For Sale
Contact for pricing
9255 Brookpark Rd, Parma, OH
Two buildings totaling 25,837 SF on 3.825 acres.
Property Size25,837 SF
Lot Size5.58 Acres
Price / SF$174.17
Days on Market465
Property Features for 9255 Brookpark Rd
General Information
Standard status
Active
Size
25,837 SF
Lot size
5.58 Acres
Property subtype
RETAIL
Listing Agency:
Newmark | Cleveland
(216) 861-3040
Listed By:
Terry Coyne, SIOR, CCIM
(216) 453-3001
Source:
Moodyscre
Added: Jun 30, 2025
Changed: Oct 5
Last Checked: Oct 5 at 8:55PM
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 Newmark | Cleveland
Investment Insights
Based on property information with market context.
The property features two buildings with a total area of 25,837 square feet, situated on a 3.825-acre site. Constructed in 1956 and renovated in 1987, the property includes 250 surface parking spaces. It has 158 feet of frontage on Brookpark Road, with two curb cuts. The property is located in a Commercial Manufacturing “B” District and is suitable for an independent used car dealer. A roof-mounted combination unit provides heating and air conditioning.
Key Highlights
- Two buildings totaling 25,837 SF on 3.825 acres
- 250 Surface Spaces available
- 158’ on Brookpark Road with Two Curb Cuts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,873
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,937,460
$4.9M
Cap Rate 7%
$3,526,757
$3.5M
Cap Rate 9%
$2,743,033
$2.7M
Market Conditions
NOI Build-Up for 25,837 SF
Gross rent
$387.6K $15.00/SF
− Vacancy
−$34.9K −$1.35/SF
EGI
$352.7K $13.65/SF
− OpEx
−$105.8K −$4.10/SF
NOI
$246.9K $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%
$4,937,460
Cap Rate 7%
$3,526,757
Cap Rate 9%
$2,743,033
Alternative Uses
Best Use
Retail
$3.53M
$3.09M – $4.11M
NOI $246,873 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$20.70M
$18.11M – $24.15M
NOI $1,449,121 @ 7.0% cap · market cap 32.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Two buildings totaling 25,837 SF on 3.825 acres.
Where is this retail property located?
The property is located at 9255 Brookpark Rd Parma, OH.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two buildings totaling 25,837 SF on 3.825 acres; 250 Surface Spaces available; 158’ on Brookpark Road with Two Curb Cuts
