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Property profile & analytics
FOR LEASE
Distribution centers
3048 Nationwide Pkwy Brunswick, OH 44212
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0156809
For Lease
1 / 2
$2,040,000
3048 Nationwide Pkwy, Brunswick, OH 44212
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
49,449 SF
Lot
3.41 ac (148,757 SF)
Zoning code
COMMERCIAL
APN
003-18B-40-141
UPID
US66-0156809
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
AIT Worldwide Logistics Logistics Company Freight Service
-
IKEA Pick-Up Point - Cleveland Furniture Store Furniture Accessories Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.04M
Owner & transaction history
Fogg Brunswick Dev LLC · 22 yrs held
Fogg Brunswick Dev LLC
since 2003
3 recorded transactions
Zoning & alternative use
COMMERCIAL · Brunswick, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brunswick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brunswick submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,809
Tax year 2023
Assessed value
$492,670
Assessed 2023
Previous assessed
$492,670
+0.0% YoY
Effective rate
5.44%
On assessed value
Assessed land
$90,190
Assessed improvement
$402,480
Land market value
$257,680
Improvement market value
$1,149,930
Total market value
$1,407,610
Applied tax rate
3.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2004
Heating
SPACE
Stories
1
Total area
49,449 SF
Lot
3.41 ac (148,757 SF)
Zoning code
COMMERCIAL
APN
003-18B-40-141
UPID
US66-0156809
Jurisdiction
MEDINA
Zoning & alternative use
COMMERCIAL · Brunswick, OH
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Brunswick, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brunswick. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
SPACE
Stories
1
Lot
3.41 ac
Current owner
From public records · entity-resolved
Fogg Brunswick Dev LLC
Entity
Mailing address
981 KEYNOTE CIR STE #15, CLEVELAND, OH 44131-1842
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2003
—
Fogg Brunswick Development LLC
—
Trustees Deed
related
$1,850,000 · Firstmerit Bank NA
Nov 14, 2003
$175,000
Fogg Brunswick Dev LLC
Fogg Third Brunswick LLC
Grant Deed
related
$175,000 · Fogg Third Brunswick LLC
Oct 1, 1999
$175,000
Fogg-west 140th Street Industi
Holt,burgess L
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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