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    5612 Wilson Mills Rd Highland Heights, OH 44143

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    5612 Wilson Mills Rd Highland Heights, OH 44143

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    • Neighborhood centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 5612 Wilson Mills Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Brainard Crossing, located at 5612 Wilson Mills Rd in Highland Heights, Ohio (zip code 44143), offers exceptional retail space in a thriving Cuyahoga County location. This multi-tenant property presents two available spaces, ideal for businesses seeking high visibility and convenient access. Units range from a minimum of 1,800 square feet to a maximum contiguous space of 4,200 square feet, providing flexibility for various retail concepts. The property boasts a highly desirable location at the southeast corner of Wilson Mills Road and Bishop/Brainard Road, ensuring excellent exposure to a substantial daily traffic volume. Its strategic proximity to I-271, Richmond Town Square, and The Shoppes at Alpha Place further enhances its appeal and accessibility. This is a fantastic opportunity for businesses looking to establish or expand their presence in a bustling commercial area. The property is currently vacant, presenting a blank canvas for build-to-suit options or a ground lease arrangement. Existing nearby businesses include Fitworks, TNT Tanning, Highland Wellness Center, and B-ROX Grill and Swill, creating a synergistic retail environment. There are no elevators in the building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Highland Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4779
    Latitude
    41.5388

    Comparable in this City

    • Value Estimation by Request

      785 Alpha Dr

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      6245 Wilson Mills Rd

      Individual retail properties • 80,371 SF
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      7,176 SF

      27115 Chardon Rd

      SHOPPING CENTER, STRIP CENTER • 7,176 SF
      27115 Chardon Rd, Richmond Heights, OH 44143
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    • Value Estimation by Request
      10,100 SF

      25861 Chardon Rd

      SHOPPING CENTER, STRIP CENTER • 10,100 SF
      25861 Chardon Rd, Richmond Heights, OH 44143-1201
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    • Value Estimation
      $935,000
      10,250 SF

      818 Som Ctr Rd, Unit 30

      SHOPPING CENTER, STRIP CENTER • 10,250 SF
      818 Som Ctr Rd, Mayfield, OH 44143-3532
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      $8,035,000
      88,430 SF

      759-00783 Alpha Park Dr

      SHOPPING CENTER, STRIP CENTER • 88,430 SF
      759-00783 Alpha Park Dr, Highland Heights, OH 44143
      View Details

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      56.5 Acres Commercial Land Available

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    Similar Nearby for Lease

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      Retail Space in Highland Plaza

      Retail space for lease in Highland Heights, Ohio.
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      Belle Oaks Marketplace Retail Space

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      Retail/Office Space Available

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      Retail Space Available For Rent

      Retail space for rent at 5612 Wilson Mills Rd.
      5612 Wilson Mills Rd, Highland Heights, OH 44143
      View Details
    • $10 SF/Yr
      38,350 SF

      Available Office Space in Highland

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      4,924 SF

      Office Space in Alpha Park

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      667-677 Alpha Dr, Highland Heights, OH 44143
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    Highland Heights, OH 44143
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    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
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