Standalone Retail
For Sale
$450,000
1130 OH-303, Streetsboro, OH 44241
Commercial Sale, Streetsboro, OH
Property Size3,735 SF
Lot Size1.13 Acres
Price / SF$120.48
Days on Market33
Property Features for 1130 OH-303
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
3,735 SF
Lot size
1.13 Acres
Listing Agency:
Tranzon Asset Advisors
Listed By:
Edward Durnil · License #KY P1734
(270) 769-0284
Added: Aug 11
Changed: Sep 4
Last Checked: Sep 12 at 3:06PM
MLS# 11929410
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone retail property contains approximately 3,735 square feet on a 1.13-acre parcel. The building was previously occupied by a corporate user and has been professionally maintained. Business (B) zoning supports a range of commercial applications, including retail, professional office, and medical or dental services.
The property is located at 1130 OH-303 in Streetsboro, with access to I-80 and regional reach toward Akron and Cleveland, each within approximately 45 minutes by car. Its setting is near big-box retailers, hotels, medical offices, and chain restaurant locations within an established retail corridor.
The property is located at 1130 OH-303 in Streetsboro, with access to I-80 and regional reach toward Akron and Cleveland, each within approximately 45 minutes by car. Its setting is near big-box retailers, hotels, medical offices, and chain restaurant locations within an established retail corridor.
Key Highlights
- 3,735‑square‑foot standalone commercial building
- 1.13‑acre parcel at 1130 OH‑303, Streetsboro, OH 44241
- Business (B) zoning supports retail, office, medical, and dental uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,728
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,560
$294.6K
Cap Rate 7%
$210,400
$210.4K
Cap Rate 9%
$163,644
$163.6K
Market Conditions
NOI Build-Up for 3,735 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.0K $5.88/SF
− Vacancy
−$922 −$0.25/SF
EGI
$21.0K $5.63/SF
− OpEx
−$6.3K −$1.69/SF
NOI
$14.7K $3.94/SF
Area
Portage County, OH
Vacancy
4.20%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,560
Cap Rate 7%
$210,400
Cap Rate 9%
$163,644
Alternative Uses
Best Use
Office B
$654.1K
$572.4K – $763.2K
NOI $45,790 @ 7.0% cap · market cap 10.18%
Second Best
Retail
$210.4K
$184.1K – $245.5K
NOI $14,728 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$752.3K
$658.3K – $877.7K
NOI $52,663 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 44241, OH
17,659
Population
7,756
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
795
Density / Sq Mi
$81,392
Median Household Income
$48,141
Median Earnings
$1,372
Median Rent
$190,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Business (B) zoning supports retail, professional office, and medical or dental uses.
Where is this retail space located?
The property is located at 1130 OH-303 Streetsboro, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,735‑square‑foot standalone commercial building; 1.13‑acre parcel at 1130 OH‑303, Streetsboro, OH 44241; Business (B) zoning supports retail, office, medical, and dental uses
