Add Listing
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

    7700 Brookpark Rd Cleveland, OH 44129-1110

    • Outlet malls
    • 174,612 SF
    • 22.87 lot acres
    OFF-MARKET
    Value Estimations
    $13,460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2483630
    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

    • Menards / Building Supply / Hardware & Home Improvement
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Red square grill / Restaurant

    Property Details for 7700 Brookpark Rd

    Year built
    2018
    Lot size
    22.87 lot acres
    Property size
    174,612 SF
    Zone code
    G-B
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    433-19-001
    APU
    43319001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,530,000
      Market price range: $6.93M - $14.9M
      AI Estimate
      $12,865,000
      Market price range: $4.26M - $14.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,315,000
      Current use
      MEDICAL BUILDING
      $18,975,000
      Change: +84% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $17,690,000
      Change: +71% Conversion: Moderate
      OFFICE BUILDING
      $15,765,000
      Change: +53% Conversion: Easy
      AUTO REPAIR, GARAGE
      $15,535,000
      Change: +51% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $14,470,000
      Change: +40% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $12,920,000
      Change: +25% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7408
    Latitude
    41.4199
    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
    $472,304
    $2,502,500
    $3,061,910
    $5,564,410
    -
    $7,150,000
    $8,748,300
    $15,898,300

    Comparable in this City

    • Value Estimation
      $1,655,000
      20,544 SF

      8303 Day Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 20,544 SF
      8303 Day Dr, Parma, OH 44129-5610
      View Details
    • Value Estimation
      $4,225,000
      128,782 SF

      6850 Rdg Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 128,782 SF
      6850 Rdg Rd, Parma, OH 44129-5627
      View Details
    • Value Estimation
      $3,935,000
      116,729 SF

      7400 Brookpark Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 116,729 SF
      7400 Brookpark Rd, Cleveland, OH 44129-1104
      View Details
    • Value Estimation
      $1,215,000
      15,280 SF

      5510 Rdg Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 15,280 SF
      5510 Rdg Rd, Parma, OH 44129-2305
      View Details
    • Value Estimation
      $1,210,000
      46,610 SF

      8515 Day Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 46,610 SF
      8515 Day Dr, Parma, OH 44129-5614
      View Details
    • Value Estimation
      $5,960,000
      185,022 SF

      Ames Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 185,022 SF
      Ames Rd, Parma, OH 44129
      View Details

    Similar Nearby for Sale

    • $650,000
      0.21 Acres

      Retail Property in Parma, Ohio

      Retail property available for sale in Parma, Ohio.
      5421 Pearl Rd, Cleveland, OH 44129
      View Details
    • Contact for pricing
      2,707 SF

      Free-Standing Building with Large Parking

      Commercial building in a bustling suburban area near Cleveland.
      5522 Pearl Rd, Parma, OH 44129
      View Details
    • Contact for pricing
      41,354 SF

      Air-Conditioned Warehouse/Retail Space Available

      Vacant, air-conditioned warehouse/retail space with ample parking.
      8303 Day Dr, Parma, OH 44129
      View Details
    • $834,000
      0.29 Acres

      Commercial Flex Space Opportunity

      Commercial building suitable for flex space in Parma, Ohio.
      5522 Pearl Rd, Cleveland, OH 44129
      View Details
    • $55,000
      1.00 Acre

      Buildable Wooded Lot in Parma

      One-acre wooded lot, build your dream home near Cleveland.
      Orchard Park Dr, Parma, OH 44129
      View Details
    • Contact for pricing
      6 SF

      6.2 AC Development Site

      Development site at The Shoppes at Parma power center.
      8444 Day Dr, Cleveland, OH 44129
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      High-Traffic Shopping Center Space

      Retail space in highly visited Ohio shopping center.
      7671 W Ridgewood Dr, Cleveland, OH 44129
      View Details
    • $2,000 /Mo
      16,988 SF

      Prime Parma Commercial Building Available

      4,226 SF commercial building for lease in Parma, OH.
      5370 Ridge Rd, Parma, OH 44129
      View Details
    • Contact for pricing

      Brookpark Road Warehouse and Retail

      Large flex space with warehouse, docks, and high ceilings.
      8700 Brookpark Rd, Cleveland, OH 44129
      View Details
    • Contact for pricing

      Retail Pad Site Available

      Retail pad site available in Brook Ridge Plaza.
      7400 Brookpark Rd, Brooklyn, OH 44129
      View Details
    • Contact for pricing
      2,211 SF

      Restaurant Space For Lease

      Restaurant space available in Parma, Ohio.
      8111 Day Dr, Parma, OH 44129
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent at 6805 Ridge Rd, Parma, OH
      6805 Ridge Rd, Parma, OH 44129
      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.
    7700 Brookpark Rd
    Cleveland, OH 44129-1110
    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!