| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 77th | Best |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8380 Pearl Rd, Strongsville, OH, 44136, US |
| Region / Metro | Strongsville |
| Year of Construction | 1972 |
| Units | 122 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8380 Pearl Rd, Strongsville OH — Suburban Multifamily with Stable Demand
Neighborhood occupancy is high and has trended upward, supporting steady leasing conditions for this asset, according to WDSuite’s CRE market data. The location’s suburban profile suggests predictable renter demand and retention, with pricing set more by local incomes than by new supply surges.
Strongsville is a suburban pocket within the Cleveland–Elyria metro with an A- neighborhood rating and ranks 126 out of 569 metro neighborhoods, placing it in the top quartile locally. Occupancy in the neighborhood is elevated with a multi‑year improvement trend, indicating tight supply and helping stabilize cash flows at comparable multifamily properties.
Amenity access is mixed: groceries and parks are competitive among Cleveland–Elyria neighborhoods (both above many local peers), while cafes and pharmacies are less dense. For investors, this suggests convenience for daily needs and recreation, but fewer lifestyle retail adjacencies that typically command premiums in urban districts.
The property’s 1972 vintage is slightly older than the neighborhood’s average construction year (late 1970s). That age profile points to clear value‑add opportunities—kitchens/baths, common areas, building systems, and energy efficiency—while remaining competitive against much older legacy stock in the broader metro.
Within a 3‑mile radius, demographics indicate a larger tenant base supported by rising household counts and incomes, even as average household size trends lower. Approximately three in ten housing units are renter‑occupied in this 3‑mile area, signaling a moderate renter concentration that supports multifamily demand without oversaturation. Median asking rents in the neighborhood sit near the middle of national peers, and in combination with high occupancy, this underpins stable renewal prospects and measured pricing power.
Safety indicators are comparatively favorable within the metro: the neighborhood’s crime rank sits in a stronger tier (64 out of 569 metro neighborhoods), and national percentiles suggest safer‑than‑average conditions versus many neighborhoods nationwide. Recent year‑over‑year declines in both violent and property offense estimates further support a constructive trend, though investors should underwrite to submarket‑level variability rather than block‑level assumptions.
Proximity to established employers supports renter demand and commute convenience, particularly for workforce and professional tenants. Nearby anchors include Texas Instruments, TravelCenters of America, Airgas, Sherwin‑Williams, and KeyCorp—providing a diversified employment base that can aid leasing stability.
- Texas Instruments — semiconductors (6.1 miles)
- TravelCenters of America — travel centers & logistics (8.3 miles) — HQ
- Airgas Merchant Gases — industrial gases (10.0 miles)
- Sherwin-Williams — paint & coatings (12.3 miles) — HQ
- KeyCorp — banking (12.5 miles) — HQ
8380 Pearl Rd is a 122‑unit suburban community with average unit sizes around 600 sq. ft., positioned in a neighborhood that demonstrates high occupancy and steady rent performance. Based on CRE market data from WDSuite, the area’s tight occupancy and mid‑range rents support renewal stability, while the 3‑mile trade area shows growth in households and higher incomes—expanding the tenant base even as household sizes trend smaller.
The 1972 vintage suggests a defined value‑add path: interior renovations and selective systems upgrades can enhance competitiveness against older metro stock. Affordability metrics are favorable for retention (low rent‑to‑income ratios by national standards), though relatively accessible home values in the metro may create some competition with ownership—arguing for disciplined pricing and amenity execution.
- High neighborhood occupancy and upward trend support leasing stability and renewals.
- Suburban location with diversified nearby employers underpins steady renter demand.
- 1972 vintage offers clear value‑add potential via interiors and building systems.
- Household growth and rising incomes within 3 miles expand the tenant base.
- Risk: more accessible ownership options in the metro can temper pricing power; emphasize retention and execution.