Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7575 Northcliff Ave Brooklyn, OH 44144

    • Medical offices
    • 69,612 SF
    • 3.82 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5896659
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 7575 Northcliff Ave

    Year built
    1991
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.82 lot acres
    Property size
    69,612 SF
    Zone code
    G-B
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    433-14-053
    APU
    43314053

    Description

    This four-story, Class B medical office building, constructed in 1991, offers 3,331 square feet of immediately available space in a prime location. Situated on a 3.84-acre lot in Cuyahoga County (APN 43314053), the property boasts 329 parking spaces and is zoned G-B. Its convenient location is just seconds from the I-480 Ridge Road exit, providing easy access for patients and staff. The building features an impressive four-story atrium and abundant natural light thanks to ribbon glass windows. Tenants enjoy the benefit of a free conference facility, and the building's proximity to hotels, restaurants, and retail establishments adds to its appeal. The building currently has multiple tenants. This is an exceptional opportunity to acquire a well-maintained medical office building with significant potential. The property is ideal for a variety of medical practices, offering ample space and convenient amenities. The large surface parking area ensures convenient parking for tenants and their guests. This is a rare opportunity to own a well-located and well-maintained medical office building in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,380,000
      Market price range: $2.38M - $8.24M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7397
    Latitude
    41.4245
    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
    $54,025
    $306,040
    $318,710
    $624,750
    -
    $874,400
    $910,600
    $1,785,000

    Comparable in this City

    • Value Estimation by Request
      3,442 SF

      4647 Rdg Rd

      MEDICAL BUILDING • 3,442 SF
      4647 Rdg Rd, Brooklyn, OH 44144-3318
      View Details
    • Value Estimation by Request
      3,699 SF

      4597 Rdg Rd

      MEDICAL BUILDING • 3,699 SF
      4597 Rdg Rd, Brooklyn, OH 44144-3361
      View Details
    • Value Estimation by Request
      2,624 SF

      6106 Memphis Ave

      MEDICAL BUILDING • 2,624 SF
      6106 Memphis Ave, Cleveland, OH 44144-2251
      View Details
    • Value Estimation
      $1,000,000
      87,489 SF

      4700 Idlewood Dr

      HOMES (RETIRED, NURSING) • 87,489 SF
      4700 Idlewood Dr, Brooklyn, OH 44144-3155
      View Details
    • Value Estimation
      $1,120,000
      52,672 SF

      4800 Idlewood Dr

      HOMES (RETIRED, NURSING) • 52,672 SF
      4800 Idlewood Dr, Brooklyn, OH 44144-3131
      View Details
    • Value Estimation
      $16,260,000
      340,593 SF

      100 American Rd

      OFFICE BUILDING • 340,593 SF
      100 American Rd, Brooklyn, OH 44144-2322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Downtown SLC Restaurant Space

      Prime Restaurant Space, High Traffic Area
      7570 Northcliff Ave, Brooklyn, OH 44144
      View Details
    • Contact for pricing
      58,642 SF

      Cleveland Office Building For Sale

      58,642 SF office building on 4.05 acres.
      4261 Fulton Pkwy, Cleveland, OH 44144
      View Details
    • $2,180,233
      3,804 SF

      Retail Property in Cleveland, OH

      Retail property available for sale in Cleveland, OH.
      6000 Memphis Ave, Cleveland, OH 44144
      View Details
    • Contact for pricing
      32,350 SF

      Brooklyn Flex/Industrial Space Available

      Flex/industrial space in Brooklyn, OH, near Cleveland Clinic.
      7570-7580 Northcliff Ave, Brooklyn, OH 44144
      View Details
    • $450,000

      High-Traffic Corner Lot For Sale

      Commercial land with high visibility, ideal for QSR or carwash.
      4665-4673 Ridge Rd, Brooklyn, OH 44144
      View Details
    • $49,900
      Pending

      Double Lot in Old Brooklyn

      Two residential lots in Cleveland's Old Brooklyn neighborhood.
      6904 Southfield Ave, Cleveland, OH 44144
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,325 SF

      Office Suite with Exam Rooms

      3,325 SF office suite featuring exam rooms and breakroom.
      7580 Northcliff Ave, Brooklyn, OH 44144
      View Details
    • Contact for pricing
      2,307 SF

      Professional Office Building Near I-480

      Four-story office building with ample parking and natural light.
      7575 Northcliff Ave, Brooklyn, OH 44144
      View Details
    • $4 SF/Yr
      90,075 SF

      High Bay Warehouse with Heavy Power

      90,075 SF warehouse with heavy power near I-71.
      5300 W 56Th St, Cleveland, OH 44144
      View Details
    • Contact for pricing
      3,500 SF

      Prime Retail Space Available

      Retail space for lease in Old Brooklyn neighborhood.
      4630 Ridge Rd, Brooklyn, OH 44144
      View Details
    • Contact for pricing

      Shovel-Ready Land Parcel For Rent

      0.84 acre shovel-ready land parcel for rent.
      4071 E 49Th St, Newburgh Heights, OH 44144
      View Details
    • Contact for pricing
      20,470 SF

      Biddulph Plaza Retail Space For Lease

      Cleveland Retail Strip Center, 2 Spaces Available
      6910 Biddulph Rd, Cleveland, OH 44144
      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.
    7575 Northcliff Ave
    Brooklyn, OH 44144
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.