Individually Owned 
For Sale
1 / 4
$475,000
249 North Rocky River Dr, Berea, OH 44017
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Property summary
AI-generated overview
This exceptional 0.83-acre commercial land parcel is strategically located at 249 N Rocky River Drive in Berea, Ohio, 44017, within Cuyahoga County. The property boasts a prime location, caddy-corner to a CVS, and benefits from exceptionally high traffic counts. Ohio Department of Transportation data reveals 25,209 vehicles per day (VPD) on Bagley Road and 15,725 VPD on Rocky River Drive, ensuring significant visibility and accessibility for any development. The lot dimensions measure approximately 199 feet by 219 feet. It's zoned as Commercial Center District, allowing for a wide range of commercial uses. The area is densely populated, with a daytime population of 56,274 people within a 3-mile radius. Surrounding businesses include a diverse mix of established retailers and restaurants, such as Giant Eagle, Marcs, Pet Valu, Dollar Tree, AutoZone, Dollar General, McDonald's, and Arby's, creating a vibrant and thriving commercial environment. This property presents a unique opportunity for investors and developers seeking a high-visibility location with excellent access and strong surrounding demographics. The asking price for this exceptional site is $475,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
WOOD
Total area
3,108 SF
Lot
0.36 ac (15,587 SF)
Zoning code
G
APN
364-02-002
UPID
US66-1389921
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$190k
Owner & transaction history
Zoning & alternative use
G · Berea, OH
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$190k
Value range
$171k – $209k
±10% around blend
Estimated value / SF
$61 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$171k
blend $190k
$209k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,108 SF
Lot area
0.36 ac
Year built
1966
Stories
2
APN
364-02-002
Zoning
G
Assessed value
$33,780
Annual tax
$3,149
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$569k
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.0 mi away · 2,760 SF
8.1 mi away · 2,600 SF
8.7 mi away · 3,987 SF
16.7 mi away · 2,860 SF
17.5 mi away · 2,781 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$190k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 478 sales
$66
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $61/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$34k
Move the market yield to see immediate price impact.
Value / SF
$11
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2k
$43k
$30k
$24k
$2k
$47k
$34k
$26k
$3k
$52k
$37k
$29k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$500k
5.8 mi · Feb 2026 · $219/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,149
Tax year 2023
Assessed value
$33,780
Assessed 2023
Previous assessed
$67,770
-50.2% YoY
Effective rate
9.32%
On assessed value
Assessed land
$32,730
Assessed improvement
$1,050
Land market value
$93,500
Improvement market value
$3,000
Total market value
$96,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1966
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
3,108 SF
Lot
0.36 ac (15,587 SF)
Zoning code
G
APN
364-02-002
UPID
US66-1389921
Jurisdiction
CUYAHOGA
Zoning & alternative use
G · Berea, OHZoning G · permitted uses
G · Berea, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
G
Jurisdiction
Berea, OH
Recorded code
G
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for G in Berea, OH.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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