Retail Center with Stable
For Sale
Contact for pricing
10735-10755 Ravenna Rd, Twinsburg, OH 44087
Retail property for sale featuring a strong tenant lineup.
Property Size115,532 SF
Price / SF$83.94
Days on Market108
Property Features for 10735-10755 Ravenna Rd
General Information
Standard status
Active
Size
115,532 SF
Property subtype
RETAIL
Listing Agency:
Landmark Commercial Real Estate Services
(248) 488-2620
Listed By:
Maxwell Lippitt · License #6501378141
(248) 488-2620
Source:
Moodyscre
Added: May 15
Changed: Aug 21
Last Checked: Aug 29 at 1:11PM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This retail property features a tenant lineup focused on essential daily use services. The property benefits from capital improvements and dense surrounding demographics that support tenant businesses. The location experiences minimal retailer competition and demonstrates stable occupancy with tenant retention. The property has a size of 115532 square feet.
Key Highlights
- Stable occupancy with tenant retention
- Essential daily use tenant lineup
- Dense demographics supporting tenant 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
$731,986
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
7.55%
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%
$14,639,720
$14.6M
Cap Rate 7%
$10,456,943
$10.5M
Cap Rate 9%
$8,133,178
$8.1M
Market Conditions
NOI Build-Up for 115,532 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
$1.08M $9.36/SF
− Vacancy
−$35.7K −$0.31/SF
EGI
$1.05M $9.05/SF
− OpEx
−$313.7K −$2.72/SF
NOI
$732.0K $6.34/SF
Area
Summit County, OH
Vacancy
3.30%
Lease Rate
$9.36 /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%
$14,639,720
Cap Rate 7%
$10,456,943
Cap Rate 9%
$8,133,178
Alternative Uses
Best Use
Retail
$10.46M
$9.15M – $12.20M
NOI $731,986 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.35M
$24.81M – $33.08M
NOI $1,984,681 @ 7.0% cap · market cap 20.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Apparel 37%
Dining 6%
Dollar General
Shops & Services
4,815 visits/mo
0.1 miles
Goodwill
Apparel
3,113 visits/mo
0.1 miles
Gionino's Pizzeria
Dining
474 visits/mo
0.1 miles
Demographics for 44087, OH
22,626
Population
9,146
Households
2.5
Avg Household Size
44
Median Age
47%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,257
Density / Sq Mi
$95,810
Median Household Income
$59,762
Median Earnings
$1,333
Median Rent
$290,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Twinsburg Plaza — 10735 Ravenna Rd, Twinsburg, OH 44087
Frequently Asked Questions
What type of property is this?
Shopping center - Retail property for sale featuring a strong tenant lineup.
Where is this shopping center located?
The property is located at 10735-10755 Ravenna Rd Twinsburg, OH.
What is the asking price?
The asking price for this property is $9,697,350.
What are key features of this property?
This property features: Stable occupancy with tenant retention; Essential daily use tenant lineup; Dense demographics supporting tenant uses
