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    8805 Brecksville Rd Brecksville, OH 44141-1948
    Property profile & analytics

    8805 Brecksville Rd, Brecksville, OH 44141-1948

    View on Map
    • Strip malls
    • 10,000 SF
    • 1.48 lot acres
    Off-Market
    Property ID
    US66-2233804
    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
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 8805 Brecksville Rd

    Year built
    2000
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.48 lot acres
    Zone code
    L-B
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    601-35-004
    APU
    60135004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2015 — Snider Interests LLC Snider Patricia E Trust Quit Claim Deed · related —
    Apr 29, 2015 $2,019,459 Millside Shopping Center LLC Snider Interest LLC Trustees Deed $3.4M · Miscellaneous Ins Co
    Dec 10, 2008 — Millside Shopping Center LLC Millside Center III LLC Quit Claim Deed · related —
    Sep 27, 2001 — Millside Centre III LLC — Deed Of Trust · related $1.8M · Park View Fsb
    Apr 7, 2000 — Millside Centre III LLC Sam P Cannata Trustee Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,431,000
      Market price range: $545k - $1.87M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,015,000
      Current use
      RESTAURANT
      $1,685,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $1,615,000
      Change: +60% Conversion: Moderate
      MEDICAL BUILDING
      $1,085,000
      Change: +7% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $890,000
      Change: -12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $830,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brecksville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6253
    Latitude
    41.3224
    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
    $31,570
    $180,500
    $199,260
    $379,760
    -
    $515,700
    $569,300
    $1,085,000

    Comparable in this City

    • Value Estimation
      $2,870,000
      30,060 SF

      8803 Brecksville Rd

      SHOPPING CENTER, STRIP CENTER
      8803 Brecksville Rd, Brecksville, OH 44141-1932
      View Details
    • Value Estimation
      $2,720,000
      24,118 SF

      7520 Chippewa Rd, Unit 7790

      SHOPPING CENTER, STRIP CENTER
      7520 Chippewa Rd, Brecksville, OH 44141-2308
      View Details
    • Value Estimation
      $1,700,000
      15,484 SF

      8121 Chippewa Rd

      MINI-MALL
      8121 Chippewa Rd, Brecksville, OH 44141-2011
      View Details
    • Value Estimation by Request
      0.52 Acres

      Brecksville Rd

      MINI-MALL
      Brecksville Rd, Brecksville, OH 44141
      View Details
    • Value Estimation by Request
      2,376 SF

      3 Public Sq

      RETAIL STORES (PERSONAL SERVICES)
      3 Public Sq, Brecksville, OH 44141
      View Details
    • Value Estimation by Request
      2,552 SF

      8959 Brecksville Rd

      FINANCIAL BUILDING
      8959 Brecksville Rd, Brecksville, OH 44141-2301
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,603 SF

      Brecksville Investment Property For Sale

      Fully leased retail and office property in prime location.
      8747-8751 Brecksville Rd, Brecksville, OH 44141
      View Details
    • $399,000
      0.87 Acres

      Wooded Homesite in Brecksville

      Exclusive wooded cul-de-sac homesite for luxury living and privacy.
      9527 River Rd, Brecksville, OH 44141
      View Details
    • $369,000
      0.69 Acres

      Wooded Homesite in Brecksville Woodlands

      Exclusive homesite for luxury living and ultimate privacy.
      9524 River Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing

      Industrial Land with I-77 Exposure

      5.82-acre site with excellent I-77 access and visibility.
      9225 Noble Park Dr, Brecksville, OH 44141
      View Details
    • Contact for pricing

      Brecksville Land Development Opportunity

      Commercial land available near I-77 and I-80 interchange.
      3392 Columbia Rd, Brecksville, OH 44141
      View Details
    • $429,000
      0.69 Acres

      Wooded Homesite in Brecksville

      Exclusive homesite for luxury living in Brecksville's premier community.
      9526 River Rd, Brecksville, OH 44141
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,230 SF

      94,033 SF Shopping Center

      Shopping center in Brecksville, Ohio with Heinen's anchor.
      8121 Chippewa Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing
      840 SF

      Brecksville Retail Space For Lease

      Retail space in Brecksville, near I-77 and prominent retailers.
      7034 Mill Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing
      50,902 SF

      Mixed-Use Development Opportunity

      Mixed-use development with retail, restaurant, office, and residential spaces.
      Brecksville Rd & Miller Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing

      Brecksville Restaurant Space Available

      3,600 SF suite with full restaurant build-out.
      7011 Mill Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing

      Brecksville Commercial Space For Lease

      Commercial space available for lease in Brecksville, Ohio.
      8748 Brecksville Rd, Brecksville, OH 44141
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease in Brecksville, Ohio.
      6800 W Snowville Rd, Brecksville, OH 44141
      View Details
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    Brecksville, OH 44141-1948
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    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
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