Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    5915 Brecksville Rd Independence, OH 44131
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5915 Brecksville Rd Independence, OH 44131

    View on Map
    • Specialty properties
    • 1,376 SF
    • 1.35 lot acres
    Off-Market
    Last Sale Mar 15, 2023
    $200,000
    Property ID
    US66-5828338
    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

    • Specialty properties

    Property Details for 5915 Brecksville Rd

    Year built
    1950
    Lot size
    1.35 lot acres
    Property size
    1,376 SF
    Zone code
    U-1
    Property type
    Specialty properties
    APN
    561-13-014
    APU
    56113014

    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
    Independence
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.638
    Latitude
    41.4015
    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
    $0.00
    $144,590
    $16,140
    $160,730
    -
    $413,100
    $46,100
    $459,200

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      Ludwin Drc

      CHARITABLE ORGANIZATION • 0.27 Acres
      Ludwin Drc, Seven Hills, OH 44131
      View Details
    • Value Estimation by Request
      1.24 Acres

      Granger Rd

      CHARITABLE ORGANIZATION • 1.24 Acres
      Granger Rd, Brooklyn Heights, OH 44131
      View Details
    • Value Estimation by Request
      1.33 Acres

      Cricket Ln

      CHARITABLE ORGANIZATION • 1.33 Acres
      Cricket Ln, Seven Hills, OH 44131
      View Details
    • Value Estimation by Request
      5.97 Acres

      Rockside Woods Blvd

      SHOPPING CENTER COMMON AREA • 5.97 Acres
      Rockside Woods Blvd, Independence, OH 44131
      View Details
    • Value Estimation by Request
      1,648 SF

      374 Ridgewood Dr

      CHARITABLE ORGANIZATION • 1,648 SF
      374 Ridgewood Dr, Seven Hills, OH 44131-2829
      View Details
    • Value Estimation
      $4,365,000
      54,978 SF

      Civic Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 54,978 SF
      Civic Dr, Seven Hills, OH 44131
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Opportunity Near I-77

      3.2 acres of land suitable for retail or office development.
      Rockside Woods Blvd N, Independence, OH 44131
      View Details
    • $550,000
      4.78 Acres

      Independence Commercial Land For Sale

      4.77 acres of commercial land zoned for office/research.
      Acorn Dr, Independence, OH 44131
      View Details
    • $110,000
      1.00 Acre

      Land For Sale Independence, OH

      One acre of vacant land for sale in Independence, OH.
      23 Kingscote Park, Independence, OH 44131
      View Details
    • $800,000
      4.88 Acres

      Prime Independence Commercial Land

      4.88 Acres, U5 Zoning, $800,000
      0 Acorn Dr, Independence, OH 44131
      View Details
    • Contact for pricing
      88,200 SF

      Office Space in Rockside Corridor

      Office space for lease with convenient highway access.
      4807 Rockside Rd, Independence, OH 44131
      View Details
    • $59,000
      0.33 Acres

      Buildable Lot in Seven Hills

      0.33 acre lot in mature neighborhood with utilities access.
      Vl Laura Lee Ln, Seven Hills, OH 44131
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease.
      4920 Van Epps Rd, Brooklyn Heights, OH 44131
      View Details
    • Sponsored
      New
      Contact for pricing

      Independence

      Discover many ways to work your way in Independence
      6100 Oak Tree Blvd, Independence, OH 44131
      View Details
    • $12 SF/Yr
      20,000 SF

      Versatile Office Space in Independence

      Office space with amenities in Rockside Corridor, Independence, OH.
      6200 Oak Tree Blvd, Independence, OH 44131
      View Details
    • Contact for pricing
      7,200 SF

      Town & Country Retail Spaces

      Brooklyn Heights retail spaces available
      0 4Th St, Brooklyn Heights, OH 44131
      View Details
    • Contact for pricing

      Office Space in South Market

      Office space with highway access and nearby amenities.
      4500 Rockside Rd, Independence, OH 44131
      View Details
    • Contact for pricing
      2,092 SF

      Independence Office Building For Lease

      Nine-story office building with updated common areas and ample parking.
      5755 Granger Rd, Independence, OH 44131
      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.
    5915 Brecksville Rd
    Independence, OH 44131
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!