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    4339 Ridge Rd Brooklyn, OH 44144
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    4339 Ridge Rd Brooklyn, OH 44144

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    • Apartment buildings
    For Sale
    $949,900
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    Fully Occupied Renovated Apartment Building For Sale
    $949,900
    0.25 Acres

    Fully Occupied Renovated Apartment Building

    Eleven-unit apartment building in Brooklyn, Ohio, fully renovated and occupied.

    4339 Ridge Road, Brooklyn, OH 44144
    View Listing
    Property ID
    US66-0893177
    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

    • Apartment buildings

    Property Details for 4339 Ridge Rd

    Year built
    1958
    Property type
    Apartment buildings

    Description

    Fully occupied 11 unit apartment building. Tenant mix consists of Section 8 & cash paying tenants. Building has been fully renovated and is a cash cow. Email agent for rent roll, video tour & information on the building's mechanical systems. Local & out of state investors welcome. Building is in Bro ... oklyn, not Cleveland, so no need to worry about Cleveland's new lead certification laws. Agent owned property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7349921
    Latitude
    41.4384512

    Comparable in this City

    • Contact for pricing
      10,080 SF

      Brooklyn Multifamily Investment Opportunity

      14-unit multifamily property in Brooklyn, Ohio.
      4230 Ridge Rd, Brooklyn, OH 44144
      View Details
    • $529,900

      Turnkey Apartment Building Investment Opportunity

      Renovated, lead-certified apartment building, fully occupied, investment opportunity.
      4145 Ridge Rd, Cleveland, OH 44144
      View Details
    • $1,149,900

      Turnkey Apartment Complex For Sale

      12-unit apartment complex, fully occupied, generating income.
      4160-4166 Ridge Rd, Brooklyn, OH 44144
      View Details
    • New
      $220,000
      2,304 SF

      Cleveland Duplex: Investment Opportunity

      West side duplex with income potential and flexible living options.
      4385 W 50Th St, Cleveland, OH 44144
      View Details
    • $195,000
      0.10 Acres

      Cleveland Multifamily Investment Opportunity

      Fully occupied, well-maintained multifamily portfolio with high cash flow.
      4392 W 47Th St, Cleveland, OH 44144
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,080 SF

      Brooklyn Multifamily Investment Opportunity

      14-unit multifamily property in Brooklyn, Ohio.
      4230 Ridge Rd, Brooklyn, OH 44144
      View Details
    • $529,900

      Turnkey Apartment Building Investment Opportunity

      Renovated, lead-certified apartment building, fully occupied, investment opportunity.
      4145 Ridge Rd, Cleveland, OH 44144
      View Details
    • $1,149,900

      Turnkey Apartment Complex For Sale

      12-unit apartment complex, fully occupied, generating income.
      4160-4166 Ridge Rd, Brooklyn, OH 44144
      View Details
    • New
      $220,000
      2,304 SF

      Cleveland Duplex: Investment Opportunity

      West side duplex with income potential and flexible living options.
      4385 W 50Th St, Cleveland, OH 44144
      View Details
    • $195,000
      0.10 Acres

      Cleveland Multifamily Investment Opportunity

      Fully occupied, well-maintained multifamily portfolio with high cash flow.
      4392 W 47Th St, Cleveland, OH 44144
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      Retail Space in Fulton Shopping Center

      Neighborhood shopping center with retail space for lease.
      4215-4273 Fulton Rd, Cleveland, OH 44144
      View Details
    • Contact for pricing
      1,600 SF

      Retail End Cap For Lease

      1,600 SF retail space near Ridge Road and Biddulph.
      4660-4680 Ridge Rd, Brooklyn, OH 44144
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Cleveland, OH.
      6910 Biddulph Rd, Cleveland, OH 44144
      View Details
    • Contact for pricing
      17,000 SF

      Industrial Facility with Crane Capacity

      Industrial facility for lease with 30-ton crane capacity.
      8500 Clinton Rd, Brooklyn, OH 44144
      View Details
    • Contact for pricing
      6,058 SF

      Retail Space on Fulton Road

      6,058 sq ft retail space in Cleveland, Ohio.
      4250 Fulton Rd, Cleveland, OH 44144
      View Details
    • $3,380 /Mo
      5,833 SF

      Restaurant Space on Lorain Avenue

      Turnkey restaurant space in high-traffic Cleveland location.
      9918 Lorain Ave, Cleveland, OH 44144
      View Details
    View Listing
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    4339 Ridge Rd
    Brooklyn, OH 44144
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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.

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