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    Property profile & analytics

    5220 Northfield Rd Maple Heights, OH 44137

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 5220 Northfield Rd

    Property type
    Retail properties

    Description

    This exceptional retail space, located at 5220 Northfield Road in Maple Heights, Ohio, presents a fantastic opportunity for businesses seeking high visibility and strong foot traffic. The property offers two available units, one measuring 3,200 square feet and the other 3,600 square feet, both ideal for a single tenant. Situated on the heavily trafficked Northfield Road, this location boasts excellent accessibility and prominent exposure to a large customer base. The area is densely populated, ensuring a consistent flow of potential customers. The property benefits from its proximity to a variety of established retailers, including Dunkin', McDonald's, Home Depot, and Aldi, creating a synergistic retail environment and attracting significant consumer traffic. Convenient access to I-480 further enhances the property's accessibility and appeal to both customers and employees. The zip code is 44137. This property is a single-tenant retail space, offering a unique opportunity to establish a strong presence in a thriving commercial area. The address is 5220 Northfield Road. The property is located in Maple Heights, Ohio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Maple Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5277
    Latitude
    41.4184

    Comparable in this City

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      0.11 Acres

      5211 Milo Ave

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      0.08 Acres

      Lounsbury Ave

      VEHICLE SALES, RENTALS • 0.08 Acres
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    • Value Estimation
      $745,000
      1,878 SF

      5570 Dunham Rd

      RESIDENTIAL PARKING GARAGE • 1,878 SF
      5570 Dunham Rd, Maple Heights, OH 44137
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    • Value Estimation by Request
      1,170 SF

      6155 Dunham Rd

      FINANCIAL BUILDING • 1,170 SF
      6155 Dunham Rd, Maple Heights, OH 44137-4773
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    • Value Estimation
      $705,000
      22,610 SF

      20520 Southgate Park Blvd

      SHOPPING CENTER, STRIP CENTER • 22,610 SF
      20520 Southgate Park Blvd, Maple Heights, OH 44137-2909
      View Details
    • Value Estimation
      $515,000
      11,845 SF

      1 Mustang Way

      GYM, HEALTH SPA • 11,845 SF
      1 Mustang Way, Maple Heights, OH 44137-2671
      View Details

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    Similar Nearby for Lease

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    • $3,600 /Mo
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      High-Visibility Retail Space Available

      Prime retail space on high-traffic corridor, suitable for various businesses.
      5250 Northfield Rd, Maple Heights, OH 44137
      View Details
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      297,991 SF

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    5220 Northfield Rd
    Maple Heights, OH 44137
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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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