Reconfigurable Office
For Sale
$175,000
105 Church St, Berea, OH 44017
Adaptable interior supports private, collaborative, medical, and professional office layouts.
Property Size1,271 SF
Price / SF$137.69
Days on Market65
Property Features for 105 Church St
General Information
Standard status
Active
Size
1,271 SF
Building Details
Year Built
1962
Buildings
1
Listing Agency:
JMG Ohio
Listed By:
Eric Tepfenhart
(440) 465-5457
Source:
Theacclaimedrealty
Added: Aug 12
Changed: Oct 2
Last Checked: Oct 7 at 1:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JMG Ohio
Investment Insights
Based on property information with market context.
This office building offers an adaptable interior that can be rearranged for private offices, shared work areas, medical operations, professional services, or an open-plan configuration. Built in 1962, the property is positioned on the Baldwin Wallace University campus in downtown Berea.
The building is located at 105 Church St and benefits from a setting among university facilities, local businesses, restaurants, and community amenities. Its central Berea location provides convenient access for office users and visitors while supporting a range of professional space configurations.
The building is located at 105 Church St and benefits from a setting among university facilities, local businesses, restaurants, and community amenities. Its central Berea location provides convenient access for office users and visitors while supporting a range of professional space configurations.
Key Highlights
- Adaptable interior can accommodate private, collaborative, medical, professional, or open‑plan office layouts
- Located on the Baldwin Wallace University campus in downtown Berea
- 105 Church St, Berea, OH 44017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,646
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,920
$272.9K
Cap Rate 7%
$194,943
$194.9K
Cap Rate 9%
$151,622
$151.6K
Market Conditions
NOI Build-Up for 1,271 SF
Gross rent
$24.1K $18.96/SF
− Vacancy
−$5.9K −$4.65/SF
EGI
$18.2K $14.31/SF
− OpEx
−$4.5K −$3.58/SF
NOI
$13.6K $10.74/SF
Area
Cuyahoga County, OH
Vacancy
24.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,920
Cap Rate 7%
$194,943
Cap Rate 9%
$151,622
Alternative Uses
Best Use
Office B
$194.9K
$170.6K – $227.4K
NOI $13,646 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.02M
$891.1K – $1.19M
NOI $71,287 @ 7.0% cap · market cap 40.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Explore this area
Business Placement
Demographics for 44017, OH
18,611
Population
7,359
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
6.1 sq mi
ZIP Area
3,051
Density / Sq Mi
$72,044
Median Household Income
$37,182
Median Earnings
$981
Median Rent
$187,800
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?
Office building - Adaptable interior supports private, collaborative, medical, and professional office layouts.
Where is this office building located?
The property is located at 105 Church St Berea, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Adaptable interior can accommodate private, collaborative, medical, professional, or open‑plan office layouts; Located on the Baldwin Wallace University campus in downtown Berea; 105 Church St, Berea, OH 44017
