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 Market419
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) 453-3001
Listed By:
Terry Coyne, SIOR, CCIM
Source:
Moodyscre
Added: Jun 30, 2025
Changed: Jul 6
Last Checked: Aug 21 at 2:50PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$246,873
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
