8747 Brecksville RdBrecksville, OH 44141

Property Details for 8747 Brecksville Rd

Year built

1962

Construction

TYPE NOT SPECIFIED

Lot size

1.35 AC

Property size (Sq ft)

11,016 SF

Zone code

R-20

Property type

Banks

APN

601-36-005

APU

60136005

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,079,637

  6.5%

  $2,842,742

  7%

  $2,639,689

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,596,700

  Geo Method

  $2,596,700

• Alternative Use

  Use

  Valuation

  Residential

  $2,397,959

  Hospitality

  $2,196,518

  Educational

  $1,827,477

  Medical

  $1,890,327

  Retail

  $2,842,742

Location Insight

City

Brecksville

County

Cuyahoga

State

Ohio

Latitude

41.3242

Longitude

-81.6262

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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