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    2636 Brecksville Rd Richfield, OH 44286
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    Property profile & analytics

    2636 Brecksville Rd, Richfield, OH 44286

    View on Map
    • Gas stations
    • 7,952 SF
    • 14.53 lot acres
    For Lease
    $1,710,000
    View Listing →
    Richfield Warehouse with Easy Access For Lease
    $1,710,000
    38,644 SF

    Richfield Warehouse with Easy Access

    Warehouse centrally located with easy highway access and storage space.

    2636 Brecksville Rd, Richfield, OH
    View Listing
    Property ID
    US66-0893162
    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

    • Gas stations

    Property Details for 2636 Brecksville Rd

    Year built
    1955
    Lot size
    14.53 lot acres
    Property type
    Gas stations
    APN
    50-02597
    APU
    5002597

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,527,000
      Market price range: $658k - $1.53M

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

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Summit
    State
    Ohio
    Longitude
    -81.6397
    Latitude
    41.2068
    CBSA code
    10420
    CBSA name
    AKRON, 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
    $30,233
    $337,360
    $221,240
    $558,600
    -
    $963,880
    $632,110
    $1,595,990

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      4675 Newton Rd

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      Brecksville Rd

      PARKING GARAGE, PARKING STRUCTURE
      Brecksville Rd, Richfield, OH 44286
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      3920 Broadview Rd

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    • Value Estimation by Request
      0.51 Acres

      3351 Brecksville Rd

      PARKING GARAGE, PARKING STRUCTURE
      3351 Brecksville Rd, Richfield, OH 44286-9661
      View Details

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      Richfield Retail Building For Sale

      Newer building in Richfield with high connectivity and strong zoning.
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    • $1,750,000
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      Richfield Commercial Development Opportunity

      6.44-acre commercial development site with highway visibility in Richfield, OH.
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      Land Available in Richfield

      Land for sale in Richfield, Ohio.
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      10,106 SF

      Richfield Warehouse and Office Space

      10,106 SF warehouse and office space for sale.
      3508 Brecksville Rd, Richfield, OH 44286
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      Land for Sale

      Land available at 4245 Highlander Pkwy, Richfield, OH.
      4245 Highlander Pkwy, Richfield, OH 44286
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      Shovel Ready Sites Available

      Fully improved sites in affluent business park, zoned office/industrial.
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    Similar Nearby for Lease

    • Contact for pricing

      Premier Office Space Available

      Strategically located office space near major highways.
      3600 Brecksville Rd, Richfield, OH 44286
      View Details
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      Commercial Space in Richfield, OH

      Commercial space available for rent in Richfield, Ohio.
      3024 Brecksville Rd, Richfield, OH 44286
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    • $1,650 /Mo
      442,570 SF

      Richfield Office Space For Rent

      Premier 1,800 sq. ft. office space in Richfield, OH.
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      96,000 RSF office building in Richfield, Ohio for lease.
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      Multi-Tenant Building in Richfield

      Multi-tenant building featuring common areas in Richfield, Ohio.
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      Richfield Office Space Available

      29,032 square foot office space for lease.
      3900 Kinross Lakes Pkwy, Richfield, OH 44286
      View Details
    View Listing
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    Richfield, OH 44286
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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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    2636 Brecksville Rd, Richfield, OH, 44286
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