Furnished Short-Term Rental
For Sale
$564,900
10689 Cleveland Avenue NW, Uniontown, OH 44685
C-1/Mixed Use zoning supports short-term rental operations, residential occupancy, and office use.
Property Size3,044 SF
Days on Market73
Property Features for 10689 Cleveland Avenue NW
General Information
Standard status
Active
Size
3,044 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,109
Building Details
Building Size
3,044 SF
Year Built
2000
Buildings
1
Stories
2
Listing Agency:
Tarter Realty
(330) 221-3585
Listed By:
Shirley Ryan · License #2008001912
(330) 221-3585
Source:
Carolgoffrealestate
Added: Jun 19
Changed: Aug 30
Last Checked: Aug 30 at 12:11AM
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 Tarter Realty
Investment Insights
Based on property information with market context.
This furnished short-term rental property includes 7 bedrooms and 3.5 bathrooms, with sleeping arrangements for up to 16-18 guests. The main level features a two-story foyer, open kitchen and living areas, a primary bedroom, laundry, fitness center, and bunk room. A walk-out lower level adds a second kitchen, living area, bedrooms, private access, and flexible space that can function as an in-law suite, guest quarters, office, or separate living area.
Recent work includes fresh paint and décor, updated flooring, lighting, modern finishes, newer kitchen appliances, and central air conditioning installed in 2025. Concrete parking accommodates approximately 10-12 vehicles. Zoned C-1/Mixed Use, the property is currently operated as a short-term rental and can also support residential or office use. The sale includes the furnishings, décor, bedding, artwork, accessories, and Ring cameras. Built in 2000.
Recent work includes fresh paint and décor, updated flooring, lighting, modern finishes, newer kitchen appliances, and central air conditioning installed in 2025. Concrete parking accommodates approximately 10-12 vehicles. Zoned C-1/Mixed Use, the property is currently operated as a short-term rental and can also support residential or office use. The sale includes the furnishings, décor, bedding, artwork, accessories, and Ring cameras. Built in 2000.
Key Highlights
- 7 bedroom, 3.5 bath short‑term rental property
- Accommodates up to 16‑18 guests
- Walk‑out lower level with kitchen, living area, bedrooms, and private access
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
$22,295
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
3.95%
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%
$445,900
$445.9K
Cap Rate 7%
$318,500
$318.5K
Cap Rate 9%
$247,722
$247.7K
Market Conditions
NOI Build-Up for 3,044 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
$42.0K $13.80/SF
− Vacancy
−$1.5K −$0.48/SF
EGI
$40.5K $13.32/SF
− OpEx
−$18.2K −$5.99/SF
NOI
$22.3K $7.32/SF
Area
Stark County, OH
Vacancy
3.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
45.00%
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%
$445,900
Cap Rate 7%
$318,500
Cap Rate 9%
$247,722
Alternative Uses
Best Use
Apartment 5plus
$318.5K
$278.7K – $371.6K
NOI $22,295 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$794.8K
$695.4K – $927.2K
NOI $55,633 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 44685, OH
29,008
Population
11,422
Households
2.5
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
25.6 sq mi
ZIP Area
1,133
Density / Sq Mi
$100,094
Median Household Income
$56,884
Median Earnings
$1,346
Median Rent
$259,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - C-1/Mixed Use zoning supports short-term rental operations, residential occupancy, and office use.
Where is this short term rental property located?
The property is located at 10689 Cleveland Avenue NW Uniontown, OH.
What is the asking price?
The asking price for this property is $564,900.
What are key features of this property?
This property features: 7 bedroom, 3.5 bath short‑term rental property; Accommodates up to 16‑18 guests; Walk‑out lower level with kitchen, living area, bedrooms, and private access
