Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18951 Snow Rd Brook Park, OH 44142-1411
    Back to Search
    Property profile & analytics

    18951 Snow Rd, Brook Park, OH 44142-1411

    View on Map
    • Office buildings
    • 2,955 SF
    • 21.60 lot acres
    Off-Market
    Property ID
    US66-0938622
    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
    $785,000
    Show details
    Cap Rate Potential
    5.9%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 18951 Snow Rd

    Year built
    1967
    Construction
    TYPE NOT SPECIFIED
    Lot size
    21.60 lot acres
    Zone code
    U5-B
    Property type
    Office buildings
    APN
    342-16-011
    APU
    34216011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 18, 2023 — Cp Cleveland Holdings LLC — Deed · related $8M · First Financial Bank
    Dec 30, 2019 — Cp-cleveland Holdings LLC — Deed · related $15.1M · First Fin'l Bk&tr
    Dec 30, 2014 — Cp-cleveland Holdings LLC — Grant Deed · related $15M · First Fin'l Bk&tr
    Sep 13, 2010 — Cp-cleveland Holdings LLC — Deed Of Trust · related $14.1M · Pnc Bank
    Jan 23, 2004 — Cp Cleveland Holdings LLC Over-flo Lot INC Grant Deed · related $15M · Fifth Third Bank
    Dec 9, 1997 $367,300 Philip Metals INC Oh Connell LP Quit Claim Deed · related —
    — — Cp-cleveland Holdings LLC — Deed Of Trust · related $14.1M · Pnc Bank
    — — Cp-cleveland Holdings LLC — Deed Of Trust · related $15.1M · First Fin'l Bk&tr
    — — Cp-cleveland Holdings LLC — Deed Of Trust · related $16.5M · Provident Savings Bank
    — — Cp-cleveland Holdings LLC — Deed Of Trust · related $1.5M · National City Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $715,000
      6.5%
      $660,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $866,000
      Market price range: $206k - $867k
      AI Estimate
      $892,000
      Market price range: $262k - $892k

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

    Location Insight

    • Map
    • Local Demand
    City
    Brook Park
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8338
    Latitude
    41.4004
    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
    $150,662
    $1,610,000
    $198,910
    $1,808,910
    -
    $4,600,000
    $568,300
    $5,168,300

    Comparable in this City

    • Value Estimation
      $940,000
      3,680 SF

      19400 Holland Rd

      OFFICE BUILDING
      19400 Holland Rd, Brook Park, OH 44142-1330
      View Details
    • Value Estimation
      $660,000
      2,420 SF

      6427 Eastland Rd

      OFFICE BUILDING
      6427 Eastland Rd, Brook Park, OH 44142-1305
      View Details
    • Value Estimation
      $2,875,000
      10,532 SF

      14609 Brookpark Rd

      OFFICE BUILDING
      14609 Brookpark Rd, Brook Park, OH 44142-1709
      View Details
    • Value Estimation by Request
      660 SF

      5300 Smith Rd

      OFFICE BUILDING
      5300 Smith Rd, Brook Park, OH 44142-1749
      View Details
    • Value Estimation
      $2,065,000
      33,242 SF

      16101 Snow Rd

      OFFICE BUILDING
      16101 Snow Rd, Brook Park, OH 44142-2817
      View Details
    • Value Estimation by Request
      2,088 SF

      5349 161st St

      OFFICE BUILDING
      5349 161st St, Brook Park, OH 44142-1609
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse Near Upcoming Football Dome

      Single-tenant warehouse with long-term NNN lease and annual rental increases.
      15751 Commerce Park Dr, Brook Park, OH 44142
      View Details
    • Contact for pricing

      Aerozone Alliance TechPark Land Parcel

      Land parcel in Aerozone Alliance TechPark near Cleveland Hopkins Airport.
      22649 Cedar Point Rd, Brook Park, OH 44142
      View Details
    • Contact for pricing
      61,145 SF

      Brook Park Commercial Property Available

      Commercial property for sale in Brook Park, Ohio.
      19100 Holland Rd, Brook Park, OH 44142
      View Details
    • Contact for pricing

      Aerozone Alliance TechPark Land

      Park-like campus in Aerozone Alliance TechPark near Cleveland Hopkins Airport.
      Aerospace Pkwy, Brook Park, OH 44142
      View Details
    • Contact for pricing
      2,377 SF

      Freestanding Biggby Coffee & PNC

      2,377 SF freestanding Biggby Coffee & PNC ATM building.
      15344 Snow Rd, Brook Park, OH 44142
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brook Park Warehouse with Office

      32,393 SF warehouse with office space for lease.
      6410 Eastland Rd, Brook Park, OH 44142
      View Details
    • $12 SF/Yr
      26,892 SF

      Office/Lab Building Near NASA Glenn

      High-image office/lab space in Aerospace Technology Park.
      3000 Aerospace Pkwy, Brook Park, OH 44142
      View Details
    • Contact for pricing
      1,307 SF

      Medical Office Space Available

      Medical office space for lease with tenant improvement packages.
      15800-15900 Snow Rd, Brook Park, OH 44142
      View Details
    • $17 SF/Yr
      15,923 SF

      Office Space in Aerospace Park

      Flexible office space in Brook Park's Aerospace Technology Park.
      2000 Aerospace Pkwy, Brook Park, OH 44142
      View Details
    • $12 SF/Yr
      17,908 SF

      Office Space in Aerospace Park

      Flexible office space in Brook Park's Aerospace Technology Park.
      2001 Aerospace Pkwy, Brook Park, OH 44142
      View Details
    • $26 SF/Yr
      6,058 SF

      Brook Park Medical Center Office

      Medical office space available in Brook Park, Ohio.
      15900 Snow Rd, Brook Park, OH 44142
      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.
    18951 Snow Rd
    Brook Park, OH 44142-1411
    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

    Thank You for Inquiry
    18951 Snow Rd, Brook Park, OH, 44142
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!