Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Park in Brecksville, Ohio Title is generated by Realmo AI

    6900-7000 S Edgerton Rd, Brecksville, OH 44141

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Two-building office park with convenient highway access and parking.

    Type:Office, Special Purpose
    Added:
    Oct 2, 2024
    Days on Market:
    612
    Last Refresh:
    May 12 at 10:07 pm

    Property Features for 6900-7000 S Edgerton Rd

    General Information

    Standard status
    Active
    Property subtype
    Office, Special Purpose

    Spaces For Lease

    at 6900-7000 S Edgerton Rd Contact us

    GB1 - 6970 $10/Mo

    Size
    4,500 SF
    Type
    Office
    Contact us

    GB1 - 104 $15/Mo

    Size
    1,532 SF
    Type
    Office
    Contact us

    GB2 - 104 $15/Mo

    Size
    1,728 SF
    Type
    Office
    Contact us

    GB1 - 108 $15/Mo

    Size
    2,017 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Nichole Booker, PhD
    Nichole Booker, PhD

    Listing agent Nichole Booker, PhD License #SAL.2018004350

    Listing office SVN Summit Commercial Real Estate Advisors

    Listing date Oct 2, 2024

    Source Crexi

    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 SVN Summit Commercial Real Estate Advisors

    HighLights

    • Convenient location just off I‑77 at Miller Road in Brecksville, Ohio.
    • Abundant on‑site parking.
    • Direct floor‑by‑floor access from the parking lot.
    • Two‑building office park.
    • Office park in a park‑like setting.

    Overview

    Grand Bay Office Park is a two-building office park situated in a park-like setting. The property is conveniently located just off I-77 at Miller Road in Brecksville, Ohio. It features abundant on-site parking and direct floor-by-floor access from the parking lot.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brecksville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.641029
    Latitude
    41.2914757

    Nearby Similar for Lease

    • $770/Mo
      660 SF

      Brecksville Commercial Office Space Available

      660 sq ft office suite with three private offices.
      8748 Brecksville Road, Brecksville, OH 44141
      View Details
    • $330/Mo
      160 SF

      Brecksville Commercial Office Space Available

      160 sq ft office suite in Brecksville for lease.
      8748 Brecksville Road, Brecksville, OH 44141
      View Details
    • $5 SF/Yr
      46,762 SF

      Brecksville Warehouse and Office Space

      46,762 SF warehouse with office space for lease.
      10147 Brecksville Road, Brecksville, OH, 44141
      View Details
    • $12 SF/Yr
      7,504 SF

      Accessible Office Space Near I-77

      Office space with prime location and ample parking available for rent.
      6802 W Snowville Rd, Brecksville, OH
      View Details
    • $12 SF/Yr
      10,817 SF

      Accessible Office Space Near I-77

      Office space with prime location, flexible sizes, and ample parking.
      6846 W Snowville Rd, Brecksville, OH
      View Details
    • $10 SF/Yr
      27,840 SF

      Office and Warehouse Space Available

      Multi-tenant office and warehouse in Brecksville Business Park.
      10200-10280 Brecksville Rd., Brecksville, OH 44141
      View Details
    • $16 SF/Yr
      638 SF

      Downtown Brecksville Office Suites

      Multiple small office suites available in downtown Brecksville.
      7500-7900 Chippewa Road, Brecksville, OH
      View Details
    • $7 SF/Yr
      60,000 SF

      Brecksville Office and Warehouse Building

      Multi-occupant office and warehouse space with highway access.
      10245 Brecksville Road | Brecksville, OH 44141, OH 44141
      View Details
    • Contact for pricing
      1,000 SF

      Iconic Brecksville Office Space

      Professional office suite in a recognizable landmark building.
      12930 Chippewa Road, Brecksville, OH 44141
      View Details
    • $11 SF/Yr
      1,370 SF

      Brecksville Flex Space Available

      Flex space with highway access, near Cleveland and Akron.
      10210 Brecksville Rd, Brecksville, OH
      View Details
    • $15 SF/Yr
      4,500 SF

      Brecksville Office Park Near I-77

      Office park with renovated common areas and accessibility.
      6960-7000 S Edgerton Rd, Brecksville, OH
      View Details
    • Contact for pricing
      7,775 SF

      Office Warehouse Space For Sublease

      7,775 sq. ft. office warehouse space available for sublease.
      6670 W Snowville Rd, Brecksville, OH 44141
      View Details

    FAQs

    What type of property is this?
    Office building - Two-building office park with convenient highway access and parking.
    Where is this office building located?
    The property is located at 6900-7000 S Edgerton Rd Brecksville, OH.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Convenient location just off I‑77 at Miller Road in Brecksville, Ohio.; Abundant on‑site parking.; Direct floor‑by‑floor access from the parking lot.
    (231) 633-1642 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nichole Booker, PhD
    Nichole Booker, PhD
    Real Estate License ID: SAL.2018004350
    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
    6900-7000 S Edgerton Rd, Brecksville, OH 44141
    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!