Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4274 Pearl Rd Cleveland, OH 44109-4235
    Property profile & analytics

    4274 Pearl Rd Cleveland, OH 44109-4235

    View on Map
    • Warehouses
    • 9,282 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US66-1299839
    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
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • JAC Creative / Advertising Agency / Marketing & Advertising
    • In Session / Counselor / Mental Health Service
    • Sixth City Cycles / (Bike/Boat/Book/etc) Store
    • Old Brooklyn Community / Association Or Organization
    • Old Brooklyn Community Development Corp. / Community Center

    Property Details for 4274 Pearl Rd

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    9,282 SF
    Zone code
    GR
    Property type
    Warehouses
    APN
    014-15-084
    APU
    1415084

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $770,000
      6.5%
      $710,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $478,000
      Market price range: $244k - $597k
      AI Estimate
      $625,000
      Market price range: $281k - $877k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $440,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $940,000
      Change: +113% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $825,000
      Change: +87% Conversion: Easy
      COMMERCIAL (GENERAL)
      $770,000
      Change: +74% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $570,000
      Change: +29% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7071
    Latitude
    41.4393
    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
    $11,469
    $9,240
    $105,600
    $114,840
    -
    $26,400
    $301,700
    $328,100

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      3124 25th St

      WAREHOUSE, STORAGE • 0.19 Acres
      3124 25th St, Cleveland, OH 44109-1663
      View Details
    • Value Estimation by Request
      0.09 Acres

      3900 Jennings Rd

      WAREHOUSE, STORAGE • 0.09 Acres
      3900 Jennings Rd, Cleveland, OH 44109-2860
      View Details
    • Value Estimation by Request
      0.11 Acres

      3900 Jennings Rd

      WAREHOUSE, STORAGE • 0.11 Acres
      3900 Jennings Rd, Cleveland, OH 44109-2860
      View Details
    • Value Estimation by Request
      0.15 Acres

      Brookpark Rd

      WAREHOUSE, STORAGE • 0.15 Acres
      Brookpark Rd, Parma, OH 44109
      View Details
    • Value Estimation by Request
      1.96 Acres

      4190 Bradley Rd

      STORAGE YARD (JUNK, SALVAGE) • 1.96 Acres
      4190 Bradley Rd, Cleveland, OH 44109-3780
      View Details
    • Value Estimation by Request
      4,756 SF

      4204 Clark Ave

      WAREHOUSE, STORAGE • 4,756 SF
      4204 Clark Ave, Cleveland, OH 44109-1125
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Building with Fenced Yard

      4,484 SF industrial building with easy interstate access.
      2700 Henninger Rd, Cleveland, OH 44109
      View Details
    • Contact for pricing
      10,000 SF

      Cleveland Industrial Facility For Sale

      10,000 SF industrial facility with dock and drive-in door.
      3519 Clark Ave, Cleveland, OH 44109
      View Details
    • $685,000
      10,662 SF

      Former Brewery with Bar/Event Space

      10,662 SF property near Ohio City, Tremont, and downtown.
      3135 Sackett Ave, Cleveland, OH 44109
      View Details
    • $398,000
      0.19 Acres

      Renovated Commercial Building, Parma OH

      Turnkey commercial building with modern updates and private parking.
      5393 Pearl Rd, Parma, OH 44109
      View Details
    • $5,000,000

      Industrial Property on Cleveland's West

      Rare, fully assembled industrial property on Cleveland's West Side.
      3155 W 33Rd St, Cleveland, OH 44109
      View Details
    • $34,900
      0.16 Acres

      Land For Sale, Cleveland, OH

      Commercial land available in Cleveland, OH.
      3747 W 13Th St, Cleveland, OH 44109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,619 SF

      Manufacturing and Storage Warehouse Available

      First-class manufacturing and storage warehouse with temperature-controlled space.
      4741 Hinckley Industrial Pkwy, Cleveland, OH 44109
      View Details
    • Contact for pricing

      Warehouse Space with Freeway Visibility

      33,000 SF warehouse space available for lease.
      4550 Hinckley Industrial Pkwy, Cleveland, OH 44109
      View Details
    • Contact for pricing
      10,200 SF

      Versatile Flex Space Available

      Adaptable office and warehouse space for sublease.
      4640 Hinckley Industrial Pkwy, Cleveland, OH 44109
      View Details
    • Contact for pricing
      20,990 SF

      Cleveland Warehouse/Flex Space Available

      Industrial park with freeway access in central Cleveland.
      4601 Hinckley Industrial Pkwy, Cleveland, OH 44109
      View Details
    • Contact for pricing
      33,167 SF

      Industrial Space in Cleveland, Ohio

      Industrial property available for lease in Cleveland, Ohio.
      4550 Hinckley Industrial Pkwy, Cleveland, OH 44109
      View Details
    • Contact for pricing
      11,724 SF

      Freestanding Light-Industrial Flex Facility

      11,724 SF flex space with office and warehouse areas.
      4650 Spring Rd, Brooklyn Heights, OH 44109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4274 Pearl Rd
    Cleveland, OH 44109-4235
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4274 Pearl Rd, Cleveland, OH, 44109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!