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

    10800 Brookpark Rd Cleveland, OH 44130

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2,700 SF building ideal for restaurant or retail.

    Property size:
    2,700 SF
    Lot size:
    1.23 Acres

    Property Features for 10800 Brookpark Rd

    General Information

    Size
    2,700 SF
    Lot size
    1.23 Acres
    Source: Moodyscre

    Listing Agent: Michael Hirsch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Building on Brookpark Road

    This is a 2,700 square foot freestanding building available for lease or sale. It offers signage opportunities directly on Brookpark Road. The property provides easy access to I-480 and I-71. It is suitable for use as a restaurant or retail store. Nearby tenants include Home Depot, Aldi, Gordon Food Service Store, IHOP, and McDonald’s.
    Location Intelligence

    Current Use by Public Records

    Penske Truck Rental Truck Rental Agency Compact Power Equipment ... Equipment Rental Agency Tool & Truck Rental ... Tool Rental Service The Home Depot Home Improvement Store Garden Center at The Home ... Garden Center

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7619231
    Latitude
    41.4205385

    Nearby Similar for Sale

    • $476,000
      0.08 Acres

      Portfolio of Four Cleveland Properties

      Four properties with income potential in Cleveland and Lorain, Ohio.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • New
      $148,500
      2,736 SF

      Renovated Tenant-Occupied Cleveland Triplex

      Fully renovated triplex with tenants, generating $2085 monthly gross rent.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • New
      $148,500
      2,736 SF

      Renovated Triplex in Cleveland, OH

      Fully renovated, tenant-occupied triplex near downtown Cleveland.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • New
      $375,000
      2,884 SF

      Renovated Duplex in Cleveland, OH

      Updated duplex with separate basements and fenced backyard in Cleveland.
      11002 Parkhurst Dr, Cleveland, OH 44111
      View Details
    • $429,900
      0.11 Acres

      Renovated Cleveland Four-Unit Property

      Fully renovated four-unit property in Cleveland with strong rental demand.
      10226 Kempton Ave, Cleveland, OH 44108
      View Details
    • $210,000
      4,064 SF

      Cleveland Duplex: Investor Opportunity

      Spacious duplex in investor-friendly neighborhood with income potential.
      3847 W 38Th St, Cleveland, OH 44109
      View Details
    • New
      $145,000
      Pending

      Spacious Duplex in Union-Miles Park

      Two-unit property with recent updates and strong rental potential.
      3799 E 114Th St, Cleveland, OH 44105
      View Details
    • $476,000
      0.08 Acres

      Updated Multifamily Portfolio in Cleveland

      Four-property portfolio with income potential and recent updates.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • New
      $174,900
      2,895 SF

      Renovated Duplex with Bonus Suite

      Completely renovated duplex with modern finishes and bonus living space.
      10613 Sandusky Ave, Cleveland, OH 44105
      View Details
    • $210,000
      4,064 SF

      Cleveland Duplex: Investor Opportunity

      Spacious duplex in desirable Cleveland neighborhood with income potential.
      3847 W 38Th St, Cleveland, OH 44109
      View Details
    • $274,900
      3,382 SF

      Renovated Multifamily Investment Opportunity

      Turnkey multifamily property with strong income potential in Cleveland, OH.
      3429 Martin Luther King Jr Dr, Cleveland, OH 44104
      View Details
    • $224,000
      4,090 SF

      Renovated Multifamily Property in Cleveland

      Fully renovated multifamily property with high rental income potential.
      10136 North Blvd, Cleveland, OH 44108
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,700 SF building ideal for restaurant or retail.
    Where is this retail space located?
    The property is located at 10800 Brookpark Rd Cleveland, OH.
    What are key features of this property?
    This property features: - High visibility signage opportunity directly on Brookpark Road.; - 2,700 SF freestanding building.; - Easy access to I-480 and I-71.
    (216) 514-1400
    Request Owner's contact information
    10800 Brookpark Rd Cleveland, OH 44130
    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.
    10800 Brookpark Rd
    Cleveland, OH 44130
    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
    10800 Brookpark Rd Cleveland, OH 44130
    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.