Freestanding Bank Building with
For Sale
$425,000
7075 Aurora Road, Aurora, OH 44202
Commercial Sale, Aurora, OH
Property Size4,800 SF
Lot Size1.64 Acres
Price / SF$88.54
Days on Market33
Property Features for 7075 Aurora Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Standard status
Active
Size
4,800 SF
Lot size
1.64 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 2:06PM
MLS# 11929425
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 4,800-square-foot freestanding bank building occupies approximately 1.64 acres along Aurora Road (SR-82). The property includes an existing drive-through lane, private offices, teller-line and counter areas, security and technology wiring, and surface parking sized for the building. The existing layout supports continued financial-service use while also providing a foundation for office, medical, dental, quick-service restaurant, or other service-oriented occupancy, subject to applicable approvals.
The site is positioned near the Route 43 and Aurora Road commercial node, with frontage on a primary commercial thoroughfare and multiple points of ingress and egress. CB (Convenience Business) zoning and proximity to established retail, dining, and business activity add practical flexibility for an owner-user or repositioning plan. The building is located in Aurora, Ohio, within the Portage and Geauga County commercial district.
The site is positioned near the Route 43 and Aurora Road commercial node, with frontage on a primary commercial thoroughfare and multiple points of ingress and egress. CB (Convenience Business) zoning and proximity to established retail, dining, and business activity add practical flexibility for an owner-user or repositioning plan. The building is located in Aurora, Ohio, within the Portage and Geauga County commercial district.
Key Highlights
- 4,800 square feet on approximately 1.64 acres
- CB (Convenience Business) zoning
- Existing drive‑through lane and multiple points of ingress/egress
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
$18,927
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
4.45%
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%
$378,540
$378.5K
Cap Rate 7%
$270,386
$270.4K
Cap Rate 9%
$210,300
$210.3K
Market Conditions
NOI Build-Up for 4,800 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
$28.2K $5.88/SF
− Vacancy
−$1.2K −$0.25/SF
EGI
$27.0K $5.63/SF
− OpEx
−$8.1K −$1.69/SF
NOI
$18.9K $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%
$378,540
Cap Rate 7%
$270,386
Cap Rate 9%
$210,300
Alternative Uses
Best Use
Specialty Retail
$895.2K
$783.3K – $1.04M
NOI $62,662 @ 7.0% cap · market cap 14.74%
Second Best
Office B
$840.7K
$735.6K – $980.8K
NOI $58,847 @ 7.0% cap · market cap 13.85%
Theoretical Best
Office A
$966.8K
$846.0K – $1.13M
NOI $67,679 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
Business Placement
Demographics for 44202, OH
22,167
Population
9,612
Households
2.3
Avg Household Size
46
Median Age
56%
College-Educated
97%
High-School Grad
30.3 sq mi
ZIP Area
732
Density / Sq Mi
$116,556
Median Household Income
$67,796
Median Earnings
$1,701
Median Rent
$356,000
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
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Frequently Asked Questions
What type of property is this?
Bank - CB-zoned commercial building with existing offices, teller areas, surface parking, and multiple access points.
Where is this bank located?
The property is located at 7075 Aurora Road Aurora, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,800 square feet on approximately 1.64 acres; CB (Convenience Business) zoning; Existing drive‑through lane and multiple points of ingress/egress
