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Property profile & analytics
OFF-MARKET
Estimated value
$13,460,000
Outlet malls
7700 Brookpark Rd Cleveland, OH 44129-1110
Entity Owned
11-yr Hold
Free & Clear
Property ID
US66-2483630
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2018
Total area
174,612 SF
Lot
22.87 ac (996,217 SF)
Zoning code
G-B
APN
433-19-001
UPID
US66-2483630
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
-
Menards Building Supply Hardware & Home Improvement
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Red square grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.53M
Blend (final)
Blend
$13.46M
Owner & transaction history
Menard INC · 11 yrs held
Menard INC
since 2014
1 recorded transaction
Zoning & alternative use
G-B · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$19.0M
+84.0%
Neighborhood: shopping center
$17.7M
+71.5%
Office building
$15.8M
+52.8%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$13.46M
Range $12.11M – $14.81M · ±10%
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
$77 / 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
$472,304
Tax year 2023
Assessed value
$5,564,410
Assessed 2023
Previous assessed
$5,564,410
+0.0% YoY
Effective rate
8.49%
On assessed value
Assessed land
$2,502,500
Assessed improvement
$3,061,910
Land market value
$7,150,000
Improvement market value
$8,748,300
Total market value
$15,898,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
174,612 SF
Lot
22.87 ac (996,217 SF)
Zoning code
G-B
APN
433-19-001
UPID
US66-2483630
Jurisdiction
CUYAHOGA
Zoning & alternative use
G-B · Cleveland, OH
Zoning G-B · permitted uses
G-B · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$19.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.7M
OFFICE BUILDING
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$15.5M
COMMERCIAL (GENERAL)
Est. value
$14.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.9M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
22.87 ac
Current owner
From public records · entity-resolved
Menard INC
Entity
Free & Clear · 11 yrs held
Mailing address
5101 MENARD DR, EAU CLAIRE, WI 54703-9604
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2014
$10,352,500
Menard INC
Kmart Corp
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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