Property profile

7120 Brecksville Rd Independence, OH 44131

OFF-MARKET
Strip malls
Property ID
US66-1404546
19,744 SF 1.91 ac lot Built 1957
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1957
Construction TYPE NOT SPECIFIED
Total area 19,744 SF
Lot 1.91 ac (83,400 SF)
Zoning code U-4
APN 563-10-001
UPID US66-1404546

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Bank Credit Union

Location

7120 Brecksville Rd Independence, OH 44131-5304
Independence metro Census 156102 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.08M
Blend (final) Blend
$340k

Owner & transaction history

since 2015
4 recorded transactions
2015
$1.6M
2012
Price N/A
1998
$1.4M
1969
Price N/A

Zoning & alternative use

U-4 · Independence, OH
Zoning description

The intent of this zone is to promote retail business uses

General category COMMERCIAL
Top alternative use upside
Medical building $2.1M +7.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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