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Property profile & analytics
OFF-MARKET
Estimated value
$7,330,000
Strip malls
50 Brg St Berea, OH 44017-1510
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-0064895
Property summary
AI-generated overview
This exceptional retail opportunity presents itself at Parkway Shoppes, located at 50 W Bridge St, Berea, Ohio 44017, in Cuyahoga County. The property offers a total of 74,257 square feet of commercial space, currently featuring two suites. There are 2,441 square feet of vacant space immediately available, divisible into units ranging from a minimum of 1,084 square feet to a maximum contiguous space of 1,357 square feet. This prime location in Berea offers excellent visibility and accessibility for businesses seeking a thriving retail environment. The property's multiple tenancy structure provides a diverse and dynamic atmosphere, attracting a wide range of customers. The building is well-maintained and ready for immediate occupancy. This is an ideal opportunity for businesses looking to establish or expand their presence in a vibrant and growing community. The property is classified as retail commercial space and is situated in a convenient location within Berea, Ohio, offering easy access for both customers and employees. Serious inquiries are encouraged to explore this promising retail investment. Contact us today to schedule a viewing and discuss your business needs.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Construction
TYPE NOT SPECIFIED
Total area
53,553 SF
Lot
1.67 ac (72,604 SF)
Zoning code
CC
APN
364-08-004
UPID
US66-0064895
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
-
Giant Eagle Supermarket Grocery & Convenience Store Food Market
-
Huntington Mortgage Group Loan Service Bank
-
Kira Pilat Department Store
-
April Heidenhoffer, PharmD Pharmacy
-
Huntington Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.02M
Comparable Approach
Comparable
$5.11M
Blend (final)
Blend
$7.33M
Owner & transaction history
Vbh Carmel In LLC · 1 yrs held
Vbh Carmel In LLC
since 2025
Last sale
$7.6M
3 recorded transactions
Zoning & alternative use
CC · Berea, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.6M
+68.4%
Office building
$8.7M
+53.9%
Medical building
$5.9M
+3.5%
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 Berea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berea 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%
$9,765,000
6.5%
$9,015,000
7%
$8,370,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,675,000
Current use
RESTAURANT
$9,560,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$8,735,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$5,870,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,005,000
Change: -12% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,870,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$7.33M
Range $6.60M – $8.06M · ±10% · vs last sale $7.60M (Oct 3 2024)
Last sale anchor
$7.60M
Oct 3 2024
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
$137 / 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
$121,419
Tax year 2023
Assessed value
$1,302,390
Assessed 2023
Previous assessed
$1,302,390
+0.0% YoY
Effective rate
9.32%
On assessed value
Assessed land
$254,100
Assessed improvement
$1,048,290
Land market value
$726,000
Improvement market value
$2,995,100
Total market value
$3,721,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
53,553 SF
Lot
1.67 ac (72,604 SF)
Zoning code
CC
APN
364-08-004
UPID
US66-0064895
Jurisdiction
CUYAHOGA
Zoning & alternative use
CC · Berea, OH
Zoning CC · permitted uses
CC · Berea, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.7M
RESTAURANT
Est. value
$9.6M
OFFICE BUILDING
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Vbh Carmel In LLC
Entity
Free & Clear · 1 yrs held
Mailing address
560 EPSILON DR, PITTSBURGH, PA 15238-2815
Ownership since
2025
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
Jan 3, 2025
$7,600,000
Vbh Carmel In LLC
Echo Berea Associates LLC
Deed
—
Jul 19, 2006
—
Echo Berea Associates LLC
Berea Parkway Shops
Quit Claim Deed
related
$7,600,000 · Morgan Stanley Mtg Capital INC
Jul 19, 2006
$7,601,500
Echo Berea Associates LLC
Lauremer Capital
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.
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