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

    25801 Brookpark Rd North Olmsted, OH 44070

    • Grocery and convenience stores
    • 231,313 SF
    • 15.24 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0042693
    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

    • Macy's Locker Room by Lids / Sporting Goods Store / Hat Shop
    • Finish Line (located inside Macy's) / Sporting Goods Store / Clothing Store
    • Macy's Backstage / Shoe Store / Home Goods Store
    • Sunglass Hut at Macy's / Fashion Accessories Store / Sunglasses Store
    • Macy's Furniture & Mattress Gallery / Furniture Store

    Property Details for 25801 Brookpark Rd

    Lot size
    15.24 lot acres
    Property size
    231,313 SF
    Property type
    Grocery and convenience stores

    Description

    This exceptional retail property, located at 25801 Brookpark Rd in North Olmsted, Ohio, presents a significant investment opportunity. The property encompasses a substantial 231,313 square feet, distributed across three stories within a prominent grocery store building. The building itself boasts a spacious ground floor of 55,858 square feet, a first floor measuring 99,261 square feet, and a second floor of 76,194 square feet. Situated on a generous 15.24-acre parcel, this property offers unparalleled accessibility, with access points from all sides of the adjacent Great Northern Mall. Its strategic location provides convenient access to major transportation arteries, including proximity to Cleveland Hopkins International Airport (within 5 minutes), a significant hub serving over 10 million passengers annually, and is only 12 miles from downtown Cleveland. The property benefits from a strong tenant mix within the mall, including notable retailers such as Dick's Sporting Goods, Dillard's, BJ's Restaurant & Brewhouse, Raising Cane's Chicken Fingers, and JCPenney, ensuring high foot traffic and visibility. This expansive retail space presents a rare opportunity for a significant commercial investment in a high-demand area. The property's size, location, and surrounding amenities make it an attractive proposition for a variety of retail uses. The zip code is 44070, and the property is in Cuyahoga County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Olmsted
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.9082907
    Latitude
    41.4170997

    Comparable in this City

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      Converted Home for Office/Retail

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      North Olmsted Mixed-Use Opportunity

      Mixed-use property with income-generating home and former auto body.
      24265 Lorain Rd, North Olmsted, OH 44070
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      Retail Property with Diverse Tenants

      Fully occupied retail property with staggered lease expirations.
      26614 Lorain Rd, North Olmsted, OH 44070
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      Established Touchless Carwash on Lorain

      Well-maintained, two-bay touchless carwash near Great Northern Mall.
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      North Olmsted Retail Investment

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      Retail/Restaurant Site Near Great Northern

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      24941 Country Club Blvd, North Olmsted, OH 44070
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    Similar Nearby for Sale

    • $300,000
      2,400 SF

      Converted Home for Office/Retail

      2,400± SF converted home suitable for office or retail.
      23889 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $375,000
      0.36 Acres

      North Olmsted Mixed-Use Opportunity

      Mixed-use property with income-generating home and former auto body.
      24265 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $1,900,000
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      North Olmsted Retail Opportunity

      Retail property for sale in North Olmsted, Ohio.
      25001 Country Club Blvd, North Olmsted, OH 44070
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    • New
      $89,900
      0.21 Acres

      Prime Commercial Corner Lot Available

      High-visibility 0.21-acre commercial lot suitable for various developments.
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    • $3,600,000
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      Retail Property with Diverse Tenants

      Fully occupied retail property with staggered lease expirations.
      26614 Lorain Rd, North Olmsted, OH 44070
      View Details
    • $1,950,000
      2,307 SF

      Established Touchless Carwash on Lorain

      Well-maintained, two-bay touchless carwash near Great Northern Mall.
      25056 Lorain Rd, North Olmsted, OH 44070
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Center in North Olmsted

      Landmark retail center with high visibility and long-term tenants.
      24048-24180 Lorain Rd, North Olmsted, OH 44070
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      10,657 SF

      Retail Space on Lorain Road

      10,657 SF retail space available for lease.
      29000 Lorain Rd, North Olmsted, OH 44070
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      1,200 SF

      Retail Spaces at Cornerstone Plaza

      Retail spaces for lease at a busy intersection.
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      Regional Power Center Retail Space

      Retail space available in a regional power center.
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      Retail Space Near Great Northern

      Retail space available in North Olmsted near Great Northern.
      26508-26518 Lorain Rd, North Olmsted, OH 44070
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      45,161 SF

      Regional Power Center Retail Space

      Retail space available in North Olmsted regional power center.
      25853-26429 Great Northern Shop Ctr, North Olmsted, OH 44070
      View Details
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    North Olmsted, OH 44070
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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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