Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pearl Rd Strongsville, OH 44136
    Back to Search
    Property profile & analytics

    Pearl Rd, Strongsville, OH 44136

    View on Map
    • Land
    • 7.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Pearl Rd

    Lot size
    7.10 lot acres
    Property type
    Land

    Description

    This exceptional 7.1-acre commercial land parcel presents a remarkable investment opportunity in Strongsville, Ohio. Situated at the highly visible northwest corner of Pearl Road and Boston Road, this property boasts 776 feet of frontage on Pearl Road. The site is zoned for General Business use, offering significant flexibility for development. With its strategic location at a signalized intersection, this hard corner lot ensures maximum visibility and accessibility for any commercial venture. The property includes five parcels (APN: 39432004, 39432010, 39432017, 39432011, 39431007) and is offered at $1,800,000. The strong demographics further enhance its appeal, with an average household income exceeding $112,125 within a one-mile radius. This presents a unique opportunity for developers seeking a high-traffic location with excellent visibility. The seller is also open to build-to-suit options, making this a truly flexible and attractive proposition for a wide range of commercial developments. This fee simple ownership offers complete control and long-term potential. The property's location in Cuyahoga County, Ohio, zip code 44136, provides easy access to major transportation routes and a thriving local market. Don't miss this chance to acquire a premier commercial land site in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Strongsville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8358
    Latitude
    41.2759

    Comparable in this City

    • Value Estimation by Request
      5.47 Acres

      Royalton Rd

      Land
      0 Royalton Rd, Strongsville, OH 44136
      View Details
    • Value Estimation by Request
      4.00 Acres

      17370 Pearl Rd

      Retail properties & Spaces
      17370 Pearl Rd, Strongsville, OH 44136
      View Details
    • Value Estimation by Request
      5.27 Acres

      13570 Falling Water Rd

      Land
      13570 Falling Water Rd, Strongsville, OH 44136
      View Details
    • Value Estimation by Request
      1.00 Acre

      17230 Whitney Rd

      Land
      17230 Whitney Rd, Strongsville, OH 44136
      View Details
    • Value Estimation by Request
      1.81 Acres

      11745 Pearl Rd

      Land
      11745 Pearl Rd, Strongsville, OH 44136
      View Details
    • Value Estimation by Request

      18315 Southpark Ctr

      Land
      18315 Southpark Ctr, Strongsville, OH 44136
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sprague Road Land Opportunity

      Land available with existing parking lot and highway visibility.
      16651 W Sprague Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing
      14 SF

      14.49 Acres on Sprague Road

      14.49 acres of commercial land with highway visibility.
      16651 Sprague Rd, Strongsville, OH 44136
      View Details
    • $32,500
      0.40 Acres

      Strongsville Homesite with Creek View

      0.40-acre Strongsville homesite with utilities and no HOA.
      Vl Shurmer Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing

      Pad Ready Commercial Land

      8.9 acre commercial land with utilities in Strongsville, Ohio.
      Whitney Rd & Pearl Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing

      Vacant Land on Pearl Road

      Up to 4 acres of commercial land for sale.
      17370 Pearl Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing
      Pending

      1.81 Acre Commercial Lot

      1.81 acre commercial lot with frontage on Pearl Road.
      11745 Pearl Rd, Strongsville, OH 44136
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,829 SF

      Southpark Commons Retail Outparcel

      Prime Retail Land, High Traffic Area
      18315 Southpark Ctr, Strongsville, OH 44136
      View Details
    • Contact for pricing

      Signalized Corner Retail Opportunity

      0.47-acre site in Strongsville's retail corridor available for lease.
      15387 Pearl Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing

      Outparcel Land with Signalized Access

      0.57-acre outparcel with signalized roadway access, limited to food uses and a maximum 3,600 SF building.
      18315 Southpark Ctr, Strongsville, OH 44136
      View Details
    • Contact for pricing

      Retail Space on Pearl Road

      Retail space available in Strongsville with high traffic and income.
      14701 Pearl Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing
      6,700 SF

      Medical/Office Space in Strongsville

      Built-out medical/office space in prime Strongsville location.
      17406 Royalton Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Regional Center

      Retail space available in high-traffic Strongsville shopping center.
      16740 Royalton Rd, Strongsville, OH 44136
      View Details
    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.
    Pearl Rd
    Strongsville, OH 44136
    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
    Pearl Rd, Strongsville, OH, 44136
    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!