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Property profile & analytics
FOR LEASE
Outlet malls
14650 Snow Rd Brook Park, OH 44142
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2390045
For Lease
1 / 2
$12,000,000
14650 Snow Rd, Brook Park, OH 44142
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
173,732 SF
Lot
11.99 ac (522,284 SF)
Zoning code
U3-A5
APN
344-14-028
UPID
US66-2390045
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.54M
Blend (final)
Blend
$12.00M
Owner & transaction history
Exchangeright Essential Income Stra · 3 yrs held
Exchangeright Essential Income Stra
since 2023
6 recorded transactions
Zoning & alternative use
U3-A5 · Brook Park, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$18.9M
+69.5%
Neighborhood: shopping center
$17.6M
+58.1%
Auto repair, garage
$15.5M
+38.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brook Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brook Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$11,135,000
Current use
MEDICAL BUILDING
$18,880,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,600,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,455,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,395,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,855,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$12.00M
Range $10.80M – $13.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$69 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$411,031
Tax year 2023
Assessed value
$3,541,690
Assessed 2023
Previous assessed
$3,541,690
+0.0% YoY
Effective rate
11.61%
On assessed value
Assessed land
$1,131,800
Assessed improvement
$2,409,890
Land market value
$3,233,700
Improvement market value
$6,885,400
Total market value
$10,119,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
4
Total area
173,732 SF
Lot
11.99 ac (522,284 SF)
Zoning code
U3-A5
APN
344-14-028
UPID
US66-2390045
Jurisdiction
CUYAHOGA
Zoning & alternative use
U3-A5 · Brook Park, OH
Zoning U3-A5 · permitted uses
U3-A5 · Brook Park, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brook Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$18.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.6M
AUTO REPAIR, GARAGE
Est. value
$15.5M
COMMERCIAL (GENERAL)
Est. value
$14.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.9M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
11.99 ac
Current owner
From public records · entity-resolved
Exchangeright Essential Income Stra
Individual
Mailing address
PO BOX 60308, PASADENA, CA 91116-6308
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2023
—
Exchangeright Essential Income Stra
Exchangerigiht Essentials Income St
Assignment Of Lease (leasehold Sale)
$26,900,000 · Old National Bank
Oct 21, 2021
—
Exchangeright Value Add Portfolio 1
—
Deed
related
$9,550,000 · Barclays Capital Real Estate INC
Jun 1, 2021
—
Exchangeright Essential Income Stra
Patriot Exchangeright Brook Park Ll
Intrafamily Transfer
related
$40,000 · Ameris Bank
Apr 20, 2021
$16,150,000
Patriot Exchangeright Brook Park Ll
Brook Park Station LLC
Limited Warranty Deed
—
Oct 24, 2012
$10,140,000
Brook Park Station LLC
Albrecht INC
Grant Deed
—
Dec 31, 2001
—
Cambridge Courts LP
—
Deed Of Trust
related
$6,000,000 · Key Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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