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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1642 Pearl Rd Brunswick, OH 44212-3406

    • Specialty properties
    • 3,887 SF
    • 3.02 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2022
    $788,485
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1657101
    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

    • Carlson Funeral Home / Social Service Agency

    Property Details for 1642 Pearl Rd

    Year built
    1953
    Lot size
    3.02 lot acres
    Property size
    3,887 SF
    Property type
    Specialty properties
    APN
    003-18C-04-130
    APU
    00318C04130

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $725,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $590,000
      MEDICAL BUILDING
      $510,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Medina
    State
    Ohio
    Longitude
    -81.8427
    Latitude
    41.2308
    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
    $21,165
    $131,980
    $256,970
    $388,950
    -
    $377,090
    $734,200
    $1,111,290

    Comparable in this City

    • Value Estimation by Request
      1,560 SF

      1560 Maxwell Blvd

      CHARITABLE ORGANIZATION • 1,560 SF
      1560 Maxwell Blvd, Brunswick, OH 44212-4437
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    • Value Estimation by Request
      5,670 SF

      714 Pearl Rd

      VETERINARY, ANIMAL HOSPITAL • 5,670 SF
      714 Pearl Rd, Brunswick, OH 44212-2184
      View Details
    • Value Estimation by Request
      8,201 SF

      349 Pearl Rd

      CHARITABLE ORGANIZATION • 8,201 SF
      349 Pearl Rd, Brunswick, OH 44212-1138
      View Details
    • Value Estimation by Request
      1,646 SF

      3710 Edgebrooke Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,646 SF
      3710 Edgebrooke Dr, Brunswick, OH 44212-2323
      View Details
    • Value Estimation by Request
      1,889 SF

      1446 Congressional Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,889 SF
      1446 Congressional Ave, Brunswick, OH 44212-3276
      View Details
    • Value Estimation by Request
      0.17 Acres

      4298 Keller Hanna Dr

      CHARITABLE ORGANIZATION • 0.17 Acres
      4298 Keller Hanna Dr, Brunswick, OH 44212-2729
      View Details

    Similar Nearby for Sale

    • $185,000
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      Brunswick Residential Land - 4.79 Acres

      Prime residential lot, secluded yet convenient.
      0 Sleepy Hollow Rd, Brunswick, OH 44212
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    • $299,000
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      Prime Brunswick Commercial Land

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    • Contact for pricing
      3.00 Acres

      Brunswick Multifamily Land

      3-Acre Residential Development Site
      3 Acres Of Rear Land At Pearl Rd, Brunswick, OH 44212
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      3 SF

      Land Ready for Development

      Three acres of land suitable for multifamily development.
      3 Acres Of Rear Land At Pearl Rd, Brunswick, OH 44212
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    • $244,900
      4.62 Acres

      Commercial Land in Brunswick, Ohio

      Prime commercial land available in Brunswick, Ohio, with high visibility.
      Pearl Rd, Brunswick, OH 44212
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    • $1,250,000
      9,500 SF

      Retail Property on Pearl Road

      9,500 SF retail space with high traffic counts.
      1633 Pearl Rd, Brunswick, OH 44212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Space in Brunswick, Ohio

      Retail property with high visibility and ample parking available for lease.
      1055-1085 Pearl Rd, Brunswick, OH 44212
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    • Contact for pricing
      1,200 SF

      Retail Space Near Tourist Attraction

      Retail space with high visibility near Mapleside Farms.
      55-69 Pearl Rd, Brunswick, OH 44212
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      5,617 SF

      Sherman's Corners Medical Offices

      Modern Medical Office Suites in Brunswick, OH
      2875 Center Rd, Brunswick, OH 44212
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      1 SF

      Brunswick Commercial Land Opportunity

      14.74 Acres, Zoned GB-2
      5300 Center Rd, Brunswick, OH 44212
      View Details
    • $1,800 /Mo
      1,800 SF

      Retail Space in Brunswick, Ohio

      1,800 SF retail space available for lease in Brunswick.
      1781-1809 Pearl Rd, Brunswick, OH 44212
      View Details
    • $3,000 /Mo
      3,144 SF

      Updated Office Space For Rent

      First-floor office space with recent updates and high-traffic location.
      785 Pearl Rd, Brunswick, OH 44212
      View Details
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    1642 Pearl Rd
    Brunswick, OH 44212-3406
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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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