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    Property profile & analytics

    2845 Interstate Pkwy Brunswick, OH 44212-4326

    • Manufacturing properties
    • 17,390 SF
    • 2.50 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2024
    $1,202,000
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    5.4%
    Manufacturing properties
    Location Intelligence
    Property ID
    US66-1771022
    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

    • BlackHawk Industrial - Cleveland / Distribution Service / Tool Manufacturer
    • Kick X Golf / Manufacturer
    • X-Press Tool / Machine Shop
    • Precision Supply Company / Store

    Property Details for 2845 Interstate Pkwy

    Year built
    1996
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.50 lot acres
    Property size
    17,390 SF
    Zone code
    COMMERCIAL
    Property type
    Manufacturing properties
    APN
    003-18B-35-017
    APU
    00318B35017

    Description

    This exceptional 18,500 square foot industrial property, situated on a 2.5-acre lot in Medina County, offers a versatile blend of manufacturing, flex, and warehouse space. Built in 1996, the building boasts a high 20-foot clear ceiling height, reaching 22 feet at the eave. The property features three convenient loading bays—two dock-high and one drive-in—enhancing operational efficiency. A significant advantage is the inclusion of approximately one acre of outdoor storage space, permitted under the Light Industrial zoning. This space is ideal for equipment storage or overflow inventory. Located within a highly sought-after industrial park characterized by low vacancy rates, this property provides easy access to I-71, a major transportation artery, and is conveniently situated just 25 miles from Downtown Cleveland. The single-tenant occupancy presents a unique opportunity for a business seeking a well-maintained, strategically located industrial facility with ample space and convenient loading capabilities. The combination of indoor and outdoor storage options makes this property exceptionally attractive for businesses requiring both types of space. This is a rare opportunity to secure a well-positioned industrial property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,080,000
      6.5%
      $995,000
      7%
      $925,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,520,000
      Current use
      OFFICE BUILDING
      $1,865,000
      Change: +23% Conversion: Difficult
      RETAIL STORES
      $1,815,000
      Change: +19% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,475,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Medina
    State
    Ohio
    Longitude
    -81.7881
    Latitude
    41.2475
    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
    $24,956
    $51,460
    $407,160
    $458,620
    -
    $147,040
    $1,163,310
    $1,310,350

    Comparable in this City

    • Value Estimation
      $360,000
      6,400 SF

      1060 Industrial N Pkwy

      MANUFACTURING (LIGHT) • 6,400 SF
      1060 Industrial N Pkwy, Brunswick, OH 44212-4318
      View Details
    • Value Estimation
      $555,000
      29,571 SF

      2963 Interstate Pkwy

      MANUFACTURING (LIGHT) • 29,571 SF
      2963 Interstate Pkwy, Brunswick, OH 44212-4327
      View Details
    • Value Estimation
      $440,000
      14,950 SF

      2903 Interstate Pkwy

      MANUFACTURING (LIGHT) • 14,950 SF
      2903 Interstate Pkwy, Brunswick, OH 44212-4327
      View Details
    • Value Estimation
      $295,000
      12,200 SF

      3121 Interstate Pkwy

      MANUFACTURING (LIGHT) • 12,200 SF
      3121 Interstate Pkwy, Brunswick, OH 44212-4329
      View Details
    • Value Estimation
      $375,000
      4,500 SF

      2985 Nationwide Pkwy

      MANUFACTURING (LIGHT) • 4,500 SF
      2985 Nationwide Pkwy, Brunswick, OH 44212-2365
      View Details
    • Value Estimation
      $795,000
      51,697 SF

      2945 Carquest Dr

      MANUFACTURING (LIGHT) • 51,697 SF
      2945 Carquest Dr, Brunswick, OH 44212-4447
      View Details

    Similar Nearby for Sale

    • $640,000
      6,250 SF

      Industrial Warehouse with Drive-Thru Doors

      Versatile industrial warehouse suitable for various business operations.
      2925 Interstate Pkwy, Brunswick, OH 44212
      View Details
    • Contact for pricing
      9.56 Acres

      Brunswick Commerce Center: 9.56 Acres

      Prime Ohio Industrial Land: Build-to-Suit Opportunity
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    • $185,000
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      Brunswick Residential Land - 4.79 Acres

      Prime residential lot, secluded yet convenient.
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    • $299,000
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      Prime Brunswick Commercial Land

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      3.00 Acres

      Brunswick Multifamily Land

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      3 SF

      Land Ready for Development

      Three acres of land suitable for multifamily development.
      3 Acres Of Rear Land At Pearl Rd, Brunswick, OH 44212
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    Similar Nearby for Lease

    • $8 SF/Yr
      126,625 SF

      Modern Industrial/Warehouse Space Available

      28,800 SF Class A industrial space for lease in Brunswick.
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      50,833 SF

      Industrial Space Available For Lease

      Industrial property available for lease in Brunswick, Ohio.
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      View Details
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      8,106 SF

      Industrial Flex Space Available

      8,106 SF flex space with office and warehouse areas.
      1126-1130 Industrial Pkwy N, Brunswick, OH 44212
      View Details
    • 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
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    • Contact for pricing
      1,200 SF

      Retail Space Near Tourist Attraction

      Retail space with high visibility near Mapleside Farms.
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    • Contact for pricing
      44,500 SF

      Brunswick Retail Center - Prime Location

      High-traffic storefront, multiple tenants, Medina County.
      1655 Pearl Rd, Brunswick, OH 44212
      View Details
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    2845 Interstate Pkwy
    Brunswick, OH 44212-4326
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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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