Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    6900-7000 Edgerton Rd Brecksville, OH 44141

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Brecksville Office Space Available

    Lot size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    Grand Bay Office Park, located at 6900-7000 S Edgerton Rd, Brecksville, OH 44141, presents a unique opportunity for businesses seeking high-quality office space in Cuyahoga County. This exceptional property boasts a total of 60,000 square feet spread across two buildings situated on a 5-acre lot. The park offers flexible space options, with a minimum divisible unit of 1,170 square feet and a maximum contiguous space of 4,550 square feet, catering to a variety of business needs and sizes. Its convenient location, easily accessible from I-77 at Miller Road, provides excellent visibility and accessibility for employees and clients alike. Ample parking is available for tenants and visitors. The property is classified as a traditional office space and is currently available for multiple tenants. This premier business setting offers a professional environment ideal for a range of businesses. The property's address is easily accessible from I-77 and Miller Road, ensuring convenient commutes for employees and clients. This is an excellent opportunity to establish a presence in a thriving Brecksville business community.

    Property Features for 6900-7000 Edgerton Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF
    Total Rate
    78750

    Building Details

    Buildings
    2

    Unit(s) available at that property

    Space
    GB2 - 104
    Size
    1,599 SF
    Rate per SF
    $15
    Space
    GB1 - 6970
    Size
    4,550 SF
    Rate per SF
    $15
    Space
    GB2 - 6940B
    Size
    1,169 SF
    Rate per SF
    $15
    Space
    GB2 - 109
    Size
    1,580 SF
    Rate per SF
    $15
    Space
    GB1 - 108
    Size
    1,903 SF
    Rate per SF
    $15

    HighLights

    • Easy access via I‑77 and I‑80.
    • Prime location between Akron (28‑minute drive) and Cleveland (24‑minute drive).
    • Well‑maintained building with secure after‑hours entry.
    • Convenient parking with direct access to both floors.
    • New ownership with planned upgrades including LED lighting, common area renovations, and restroom updates.
    • Competitive lease rates available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brecksville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6409387
    Latitude
    41.2901921

    Nearby Similar for Lease

    • $2,800 /Mo
      3,600 SF

      Brecksville Retail Suites For Rent

      Retail suites available in Brecksville with various build-outs.
      7011 Mill Rd, Brecksville, OH 44141
      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 44141
      View Details
    • $15 SF/Yr
      1,263 SF

      Office Space in Brecksville, OH

      Office park with renovated common areas and accessibility.
      6900-6950 S Edgerton Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing
      37,500 SF

      Treeline Business Park: Brecksville Office

      Suburban Office Space, 21,900 SF Available
      6955 Treeline Dr, 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 44141
      View Details
    • $14 SF/Yr
      3,403 SF

      Brecksville Rd Office Space For Lease

      Prime Brecksville office/retail space available.
      8748 Brecksville Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing
      37,616 SF

      Treeline Business Park: Flex Space Available

      Brecksville, OH: Modern Flex/Warehouse Space
      6935 Treeline Dr, Brecksville, OH 44141
      View Details
    • Contact for pricing
      32,864 SF

      Treeline Business Park Office Suites

      Brecksville, OH Flex & Office Space Available
      6910 Treeline Dr, Brecksville, OH 44141
      View Details
    • Contact for pricing
      7,800 SF

      Brecksville Flex Space Available

      Flex space with office, industrial, and call center options.
      6930 Treeline Dr, Brecksville, OH 44141
      View Details
    • $5 SF/Yr
      46,762 SF

      Brecksville Industrial Space For Lease

      46,762 SF industrial space available for lease.
      10147 Brecksville 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 44141
      View Details
    • $12 SF/Yr
      10,963 SF

      Office Space with Highway Visibility

      Office spaces for lease with highway visibility and easy access.
      6800 Snowville Rd, Brecksville, OH 44141
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Brecksville Office Space Available
    Where is this office property / space located?
    The property is located at 6900-7000 Edgerton Rd Brecksville, OH.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Easy access via I-77 and I-80.; Prime location between Akron (28-minute drive) and Cleveland (24-minute drive).; Well-maintained building with secure after-hours entry.
    Request Owner's contact information
    6900-7000 Edgerton Rd Brecksville, OH 44141
    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.
    6900-7000 Edgerton Rd
    Brecksville, OH 44141
    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.

    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
    6900-7000 Edgerton Rd Brecksville, OH 44141
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.