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    1655 Pearl Rd Brunswick, OH 44212
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    1655 Pearl Rd, Brunswick, OH 44212

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    • Strip malls
    • 12,000 SF
    • 5.00 lot acres
    For Lease
    View Listing →
    Neighborhood Shopping Center For Rent For Lease
    Contact for pricing
    44,500 SF

    Neighborhood Shopping Center For Rent

    44,500 SF shopping center anchored by Discount Drug Mart.

    1655 Pearl Rd, Brunswick, OH 44212
    View Listing
    Property ID
    US66-2469298
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1655 Pearl Rd

    Year built
    1993
    Lot size
    5.00 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    003-18D-07-041
    APU
    00318D07041

    Description

    This exceptional 44,500 square foot retail center, situated on a 4.99-acre lot in Brunswick, Ohio, presents a compelling investment opportunity. Built in 1972, this single-story building boasts a prime location near the intersection of Pearl Road and SR 303 (Center Road), benefiting from significant daily traffic counts: 26,279 vehicles on Pearl Road and 25,476 on Center Road. The center is anchored by a Discount Drug Mart and features a diverse mix of established tenants, including Kelly’s Crepes, Old World Deli, Synergy Chiropractic, and Dino Maria’s Hair Salon. This multi-tenant property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property is located in Medina County's Medina submarket, within the Brunswick submarket cluster, and has a 44212 zip code. The property's single-story design and ample parking provide convenient access for customers and employees. This established center offers a strong foundation for continued success and growth. The property's high-traffic location and diverse tenant mix make it a desirable investment for those seeking a stable and profitable retail portfolio addition.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Medina
    State
    Ohio
    Longitude
    -81.8402
    Latitude
    41.2299
    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
    $48,776
    $217,470
    $678,880
    $896,350
    -
    $621,340
    $1,939,670
    $2,561,010

    Comparable in this City

    • Value Estimation
      $14,615,000
      720 SF

      3634 Ctr Rd, Unit 3714

      SHOPPING CENTER, STRIP CENTER
      3634 Ctr Rd, Brunswick, OH 44212-4446
      View Details
    • Value Estimation by Request
      4,277 SF

      1313 Pearl Rd

      SHOPPING CENTER, STRIP CENTER
      1313 Pearl Rd, Brunswick, OH 44212-2880
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    • Value Estimation by Request
      5,775 SF

      3841 Ctr Rd

      SHOPPING CENTER, STRIP CENTER
      3841 Ctr Rd, Brunswick, OH 44212-3099
      View Details
    • Value Estimation
      $870,000
      38,275 SF

      1729 Pearl Rd

      SHOPPING CENTER, STRIP CENTER
      1729 Pearl Rd, Brunswick, OH 44212
      View Details
    • Value Estimation
      $610,000
      20,974 SF

      1138 Pearl Rd, Unit 1152

      SHOPPING CENTER, STRIP CENTER
      1138 Pearl Rd, Brunswick, OH 44212-2888
      View Details
    • Value Estimation by Request
      16,600 SF

      1145 Pearl Rd, Unit 1157

      SHOPPING CENTER, STRIP CENTER
      1145 Pearl Rd, Brunswick, OH 44212-2864
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,966 SF

      Neighborhood Center on Pearl Road

      43,000+ sqft neighborhood center in Brunswick, Ohio.
      791 Pearl Rd, Brunswick, OH 44212
      View Details
    • Contact for pricing

      Prime Land for Retail Development

      Land available for ground lease, build to suit, or purchase.
      5300 Center Rd, Brunswick, OH 44212
      View Details
    • Contact for pricing

      Pearl Road Retail Opportunity

      Land on Pearl Road, suitable for retail development.
      1550 Pearl Rd, Brunswick, OH 44212
      View Details
    • $700,000

      Prime Retail Location in Brunswick

      Retail property in Brunswick, Ohio with easy highway access.
      1550 Pearl Rd, Brunswick, OH 44212
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    • $185,000
      4.80 Acres

      Brunswick Residential Land - 4.79 Acres

      Prime residential lot, secluded yet convenient.
      0 Sleepy Hollow Rd, Brunswick, OH 44212
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    • $165,000
      5.00 Acres

      Brunswick Hills 5-Acre Lot

      5-acre lot with utilities and outbuilding in Brunswick Hills.
      3852 Sleepy Hollow Rd, Brunswick, OH 44212
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    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
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Brunswick, OH

      Retail space available in a shopping center with high visibility.
      3323 Center Rd, Brunswick, OH 44212
      View Details
    • Contact for pricing
      4,478 SF

      Retail Space in Brunswick, OH

      Retail space available with excellent visibility and ample parking.
      1087-1091 Pearl Rd, Brunswick, OH 44212
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space Near I-71

      Retail space with high visibility and access near I-71.
      1325 N Carpenter Rd, Brunswick, OH 44212
      View Details
    • Contact for pricing
      6,728 SF

      Retail Space in Brunswick, Ohio

      Grocery store anchored retail space with recent renovations.
      1729 Pearl Rd, Brunswick, OH 44212
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Rent

      44,500 SF shopping center anchored by Discount Drug Mart.
      1655 Pearl Rd, Brunswick, OH 44212
      View Details
    View Listing
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    Brunswick, OH 44212
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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.

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