Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    8023 Crile Rd Concord Township, OH 44077-9180

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8023 Crile Rd Concord Township, OH 44077-9180

    View on Map
    • Strip malls
    • 60,053 SF
    • 9.48 lot acres
    Off-Market
    Property ID
    US66-0633726
    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
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carol Nagel Realtors / Real Estate Agency
    • Discount Drug Mart / Grocery & Convenience Store / Food Market
    • Discount Drug Mart Deli / Food Market / Restaurant
    • Western Union / Bank / Credit Union

    Property Details for 8023 Crile Rd

    Year built
    1971
    Construction
    WOOD
    Lot size
    9.48 lot acres
    Property size
    60,053 SF
    Zone code
    M
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    08-A-020-0-00-009-0
    APU
    08A0200000090

    Description

    This exceptional retail warehouse property, located at 8023 Crile Rd in Painesville, Ohio, offers a total of 12,205 square feet of space currently available for lease. The property is comprised of two suites, providing flexibility for various business needs. Individual suites range in size from a minimum of 1,620 square feet to a maximum contiguous space of 10,585 square feet, making it suitable for a variety of tenants. The entire 12,205 square feet is currently vacant, presenting a unique opportunity for a single large tenant or the potential for two separate occupants. Ample parking is provided with 69 spaces available for customers and employees. The property is conveniently located in Lake County, Ohio, with easy access to major transportation routes (specific details not provided). This versatile space is ideal for businesses requiring both retail storefront and warehouse storage capabilities. The property's zoning classification is not specified, but the existing use as a retail warehouse suggests suitability for similar businesses. The property is situated at 41.6531237 latitude and -81.2388896 longitude, in the 44077 zip code. This prime location offers excellent visibility and accessibility for customers. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $888,000
      Market price range: $889k - $2.87M

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord Township
    County
    Lake
    State
    Ohio
    Longitude
    -81.2381
    Latitude
    41.6531
    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
    $82,606
    $49,740
    $552,320
    $602,060
    -
    $142,110
    $1,578,060
    $1,720,170

    Comparable in this City

    • Value Estimation by Request
      5,730 SF

      7530 Fredle Dr, Unit 7596

      SHOPPING CENTER, STRIP CENTER • 5,730 SF
      7530 Fredle Dr, Concord Township, OH 44077-9406
      View Details
    • Value Estimation
      $770,000
      57,071 SF

      1615 Mentor Ave

      SHOPPING CENTER, STRIP CENTER • 57,071 SF
      1615 Mentor Ave, Painesville, OH 44077-1703
      View Details
    • Value Estimation by Request
      11,200 SF

      7669 Crile Rd

      SHOPPING CENTER, STRIP CENTER • 11,200 SF
      7669 Crile Rd, Concord Township, OH 44077-9622
      View Details
    • Value Estimation by Request
      6,000 SF

      1248 High St

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      1248 High St, Fairport Harbor, OH 44077-5555
      View Details
    • Value Estimation by Request
      8,592 SF

      23 State St

      SHOPPING CENTER, STRIP CENTER • 8,592 SF
      23 State St, Painesville, OH 44077-3422
      View Details
    • Value Estimation by Request
      0.23 Acres

      Mentor Ave

      SHOPPING CENTER, STRIP CENTER • 0.23 Acres
      Mentor Ave, Painesville, OH 44077
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,815 SF

      Painesville Land For Sale

      4.81 acres of land available in Painesville, Ohio.
      1025/1083 Mentor Ave, Painesville, OH 44077
      View Details
    • Contact for pricing

      Retail Building with Warehouse Space

      Retail building with warehouse, showroom, and fenced yard.
      1650 Mentor Ave, Painesville, OH 44077
      View Details
    • Contact for pricing
      21,694 SF

      Remodeled Auto Dealership Near Retail

      Recently remodeled 21,694 SF auto dealership near major retailers.
      2115 Mentor Ave, Painesville, OH 44077
      View Details
    • Contact for pricing
      5,991 SF

      Retail Space on Mentor Avenue

      5,991 SqFt retail space available for sale.
      1778 Mentor Ave, Painesville, OH 44077
      View Details
    • Contact for pricing
      3,154 SF

      Retail Building on Mentor Avenue

      Retail building with available space on a 0.34-acre lot.
      1630 Mentor Ave, Painesville, OH 44077
      View Details
    • $149,000
      0.10 Acres

      Painesville Historic Building For Sale

      Historic 2-story building, formerly a bar/restaurant, on 0.10 acres.
      367 N State St, Painesville, OH 44077
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,119 SF

      Painesville Retail Space For Rent

      Retail space available in Painesville, high-traffic location.
      6640-6644 Rogers Rd, Painesville, OH 44077
      View Details
    • Contact for pricing
      4,750 SF

      Retail Space on Mentor Avenue

      Retail spaces available near Lake County Fairgrounds on Route 20.
      1605-1625 Mentor Ave, Painesville, OH 44077
      View Details
    • Contact for pricing
      3,200 SF

      Restaurant Space in Retail Node

      Former restaurant build-out in a master-planned retail location.
      7641-7657 Crile Rd, Painesville, OH 44077
      View Details
    • Contact for pricing
      3,505 SF

      Retail Space Near Interstate 90

      Retail spaces available in new development near Interstate 90.
      7861 Crile Rd, Painesville, OH 44077
      View Details
    • $13 SF/Yr

      Downtown Painesville Redevelopment Opportunity

      Restaurant and office suites available in revitalized downtown Painesville.
      8 N State St, Painesville, OH 44077
      View Details
    • New
      $14 SF/Yr
      82,328 SF

      Historic Painesville Tower Retail Space

      Newly renovated retail space in historic downtown Painesville.
      30 S Park Pl, Painesville, OH 44077
      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.
    8023 Crile Rd
    Concord Township, OH 44077-9180
    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!