Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10911 Briggs Rd Cleveland, OH 44111-5333

    • Office buildings
    • 1,680 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    6.9%
    Office buildings
    Location Intelligence
    Property ID
    US66-1548655
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Prototype Fabricators / Welder

    Property Details for 10911 Briggs Rd

    Year built
    1952
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.18 lot acres
    Property size
    1,680 SF
    Zone code
    SI
    Property type
    Office buildings
    APN
    019-09-034
    APU
    1909034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $325,000
      6.5%
      $300,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $284,000
      Market price range: $117k - $493k
      AI Estimate
      $314,000
      Market price range: $121k - $486k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.762
    Latitude
    41.4471
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,184
    $10,290
    $61,640
    $71,930
    -
    $29,400
    $176,100
    $205,500

    Comparable in this City

    • Value Estimation
      $395,000
      2,160 SF

      15501 Munn Rd

      OFFICE BUILDING • 2,160 SF
      15501 Munn Rd, Cleveland, OH 44111-2002
      View Details
    • Value Estimation
      $350,000
      3,500 SF

      11702 Lorain Ave

      OFFICE BUILDING • 3,500 SF
      11702 Lorain Ave, Cleveland, OH 44111-5442
      View Details
    • Value Estimation
      $885,000
      41,895 SF

      15531 Lorain Ave

      OFFICE BUILDING • 41,895 SF
      15531 Lorain Ave, Cleveland, OH 44111-5539
      View Details
    • Value Estimation
      $340,000
      2,004 SF

      3865 Rocky Riv Dr

      OFFICE BUILDING • 2,004 SF
      3865 Rocky Riv Dr, Cleveland, OH 44111-4114
      View Details
    • Value Estimation
      $335,000
      2,081 SF

      3865 Rocky Riv Dr

      OFFICE BUILDING • 2,081 SF
      3865 Rocky Riv Dr, Cleveland, OH 44111-4114
      View Details
    • Value Estimation
      $290,000
      483 SF

      3559 140th St

      OFFICE BUILDING • 483 SF
      3559 140th St, Cleveland, OH 44111-2419
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      0.4 Acre Commercial Land, Cleveland

      Prime Cleveland location, high traffic, development ready.
      14039 Lorain Ave, Cleveland, OH 44111
      View Details
    • $214,900
      Pending

      Cleveland Duplex Investment Opportunity

      Duplex in thriving neighborhood with lucrative rental income potential.
      3501 W 136Th St, Cleveland, OH 44111
      View Details
    • $130,000
      Pending

      Cleveland Multifamily Investment Opportunity

      Multifamily property in Cleveland, Ohio for sale.
      14301 Tuckahoe Ave, Cleveland, OH 44111
      View Details
    • $2,700,000
      54,600 SF

      Cleveland Industrial Warehouse - 40,909 SF

      Spacious Warehouse, Manufacturing Space, Cleveland
      3881 150Th St, Cleveland, OH 44111
      View Details
    • Contact for pricing
      3,150 SF

      Freestanding Building Near Kinsman Road

      Freestanding building formerly used as a day care.
      3749 E 142Nd St, Cleveland, OH 44111
      View Details
    • $129,999
      Pending

      Income-Producing Duplex in Cleveland, OH

      Duplex with strong rental potential, immediate cash flow.
      3728 W 136Th St, Cleveland, OH 44111
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      4,722 SF

      Retail/Office Space in Cleveland, OH

      1,200 sq ft retail/office space in thriving West Park.
      12222 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      137,915 SF

      Kamm's Plaza Retail Space Available

      Prime Retail/Office Space, Multiple Units
      17400 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      3,400 SF

      Lorain Avenue Retail Space Available

      Retail space with parking lot and public transportation access.
      12833 Lorain Ave, Cleveland, OH 44111
      View Details
    • Contact for pricing
      1,185 SF

      Freestanding Retail Building For Lease

      Freestanding retail building in high-density area with drive-thru potential.
      14002 Triskett Rd, Cleveland, OH 44111
      View Details
    • $66 SF/Yr
      50,000 SF

      Cleveland Warehouse Space for Lease

      Large Warehouse, Excellent Location, Ohio
      12500 Berea Rd, Cleveland, OH 44111
      View Details
    • $6 SF/Yr
      10,000 SF

      Industrial Warehouse Space Available

      10,000 square foot industrial warehouse available for rent.
      15411 Chatfield Ave, Cleveland, OH 44111
      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.
    10911 Briggs Rd
    Cleveland, OH 44111-5333
    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

    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.