Property profile

8747 Brecksville Rd Brecksville, OH 44141

OFF-MARKET
Banks
Property ID
US66-0437825
11,016 SF 1.35 ac lot Built 1962
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use investment property, located at 8747 Brecksville Rd in Brecksville, Ohio (44141), presents a compelling opportunity for discerning investors. The 10,603 square foot building, constructed in 1962 and renovated in 2004, sits on a 1.35-acre lot and boasts a strong 100% occupancy rate. Currently housing four tenants – Westfield Bank, Brecksville Dermatology, Platelet Disorder Support Association, and Home Instead – this multi-tenant building offers excellent diversification and stability. The property's strong financial performance is reflected in its impressive 7.75% capitalization rate and a Net Operating Income (NOI) of $249,021, with an asking price of $3,213,174 ($303.04 per square foot). The building is a two-story structure, categorized as mixed-use, encompassing office and retail spaces. Its prime downtown Brecksville location, coupled with a robust demographic profile and high household income ($170,000), ensures consistent demand and long-term value. This is a turnkey investment opportunity with excellent building condition and anchor tenant stability, making it an ideal addition to any portfolio. The property is situated in Cuyahoga County.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1962
Construction TYPE NOT SPECIFIED
Total area 11,016 SF
Lot 1.35 ac (58,915 SF)
Zoning code R-20
APN 601-36-005
UPID US66-0437825

Cap rate & NOI

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

Location

8747 Brecksville Rd Brecksville, OH 44141-1919
Brecksville metro Census 135104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.77M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.66M
Blend (final) Blend
$1.63M

Owner & transaction history

since 2020
Last sale
$1.8M
5 recorded transactions
2020
$1.8M
2003
$731,000
2001
$750,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-20 · Brecksville, OH
Zoning description

Uses permitted and regulated in an R-20 District Parking areas as required and regulated in Chapter 1183 . Class A: Public and private elementary schools and religious facilities; public playgrounds and parks; recreation…

General category RESIDENTIAL

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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