Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8223 Brecksville Rd Brecksville, OH 44141
    Back to Search
    Property profile & analytics

    8223 Brecksville Rd, Brecksville, OH 44141

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 8223 Brecksville Rd

    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    Brecksville Commons offers exceptional office space in a highly desirable location. This property features a variety of suite sizes, ranging from 560 square feet to 3,000 square feet, catering to businesses of all sizes. The building boasts a first-floor entry for convenient access and abundant natural light throughout, creating a bright and welcoming atmosphere. The setting is park-like, offering a tranquil and pleasant work environment. The location provides easy access to highway 77 and downtown Brecksville, ensuring convenient commutes for employees and clients. The property is classified as retail, office, and special purpose, and currently has five available spaces. Multiple tenancies are available, making it suitable for a range of business needs. The building's versatile design accommodates various office styles, including traditional, executive, medical, coworking, and creative office spaces. This is an excellent opportunity to secure professional office space in a sought-after area with convenient amenities and a beautiful setting. Inquire today to learn more about available suites and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brecksville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6264
    Latitude
    41.3392

    Comparable in this City

    • Value Estimation by Request

      8748 Brecksville Rd

      Retail properties & Spaces
      8748 Brecksville Rd, Brecksville, OH 44141
      View Details
    • Value Estimation
      $590,000
      5,993 SF

      6255 Old Royalton Rd

      MEDICAL BUILDING
      6255 Old Royalton Rd, Brecksville, OH 44141-1857
      View Details
    • Value Estimation
      $525,000
      9,513 SF

      8150 Brecksville Rd

      FUNERAL HOME
      8150 Brecksville Rd, Brecksville, OH 44141-1205
      View Details
    • Value Estimation by Request
      3.48 Acres

      Chippewa Rd

      CHARITABLE ORGANIZATION
      Chippewa Rd, Brecksville, OH 44141
      View Details
    • Value Estimation
      $1,550,000
      11,110 SF

      9089 Brecksville Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      9089 Brecksville Rd, Brecksville, OH 44141-2313
      View Details
    • Value Estimation by Request
      3,804 SF

      7001 Cross Trl

      PROFESSIONAL CLUBS/ASSOCIATIONS
      7001 Cross Trl, Brecksville, OH 44141
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,370 SF

      Brecksville Office Condo For Sale

      Well-maintained office condo in Brecksville Commons, ideal for owner-user.
      8221-8227 Brecksville Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing
      5,100 SF

      Brecksville Land For Sale

      1.78-acre site suitable for office development in Brecksville, OH.
      10909 Chippewa Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing
      10,603 SF

      Brecksville Investment Property For Sale

      Fully leased retail and office property in prime location.
      8747-8751 Brecksville Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing

      Two-Building Office Park in Brecksville

      Office park with convenient access, ample parking, and flexible options.
      6900-7000 S Edgerton Rd, Brecksville, OH 44141
      View Details
    • $369,000
      0.69 Acres

      Wooded Homesite in Brecksville Woodlands

      Exclusive homesite for luxury living and ultimate privacy.
      9524 River Rd, Brecksville, OH 44141
      View Details
    • $399,000
      0.87 Acres

      Wooded Homesite in Brecksville

      Exclusive wooded cul-de-sac homesite for luxury living and privacy.
      9527 River Rd, Brecksville, OH 44141
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brecksville Commercial Space For Lease

      Commercial space available for lease in Brecksville, Ohio.
      8748 Brecksville Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing
      1,532 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
    • Contact for pricing

      Brecksville Road Commercial Property

      Commercial property for rent with easy access to amenities.
      8748 Brecksville Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing
      50,902 SF

      Mixed-Use Development Opportunity

      Mixed-use development with retail, restaurant, office, and residential spaces.
      Brecksville Rd & Miller Rd, Brecksville, OH 44141
      View Details
    • $770 /Mo
      61,855 SF

      Brecksville Commercial Office Space Available

      660 sq ft office suite with three private offices.
      8748 Brecksville Rd, Brecksville, OH 44141
      View Details
    • $10 SF/Yr
      4,000 SF

      Office and Warehouse Space Available

      Multi-tenant office and warehouse in Brecksville Business Park.
      10200-10280 Brecksville Rd, Brecksville, OH 44141
      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.
    8223 Brecksville 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.

    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
    8223 Brecksville 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!