Fully Occupied Twinsburg Retail
For Sale
Contact for pricing
10735 Ravenna Rd, Twinsburg, OH 44087
Multi-tenant retail center in Twinsburg, Ohio with stable cashflow.
Property Size115,532 SF
Lot Size13.60 Acres
Price / SF$83.94
Days on Market153
Property Features for 10735 Ravenna Rd
General Information
Standard status
Active
Size
115,532 SF
Lot size
13.60 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$775,788
Building Details
Year Built
1965
Year Renovated
2000
Buildings
3
Stories
1
Tenancy
Multi
Listing Agency:
Landmark Commercial Real Estate Services
(248) 488-2620
Listed By:
Jack Melton · License #6501450066
Source:
Crexi
Added: Mar 12
Changed: Aug 10
Last Checked: Aug 10 at 4:21AM
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.
Twinsburg Plaza is a fully occupied, multi-tenant neighborhood retail center with 115,532 square feet of space. It is situated on 13.6 acres at 10735–10755 Ravenna Road in Twinsburg, Ohio, strategically positioned within the Cleveland–Akron suburban corridor. The property features a diverse mix of essential daily-use and service-oriented tenants, anchored by nationally recognized operators including Dollar General, Goodwill Industries, and Onyx Health Club 24/7, which collectively drive consistent neighborhood traffic and recurring consumer demand. The center provides 630 parking spaces (5.24 per 1,000 SF) and benefits from strong frontage and accessibility along Ravenna Road. Twinsburg Plaza generates approximately $1,140,000 in total gross revenue and $775,800 in in-place net operating income, offering stable cash flow with upside through contractual lease escalations. The asset has received over $1M in capital improvements in the past decade, including new TPO roofing systems and multiple HVAC replacements, reducing near-term capital risk. The surrounding demographics include an average household income exceeding $150,000 within a three-mile radius.
Key Highlights
- Fully occupied retail center anchored by Dollar General, Goodwill, and Onyx Health Club 24/7.
- Strong in‑place net operating income of $775,800 and stable cash flow.
- Located in a high‑income area with average household income exceeding $150,000.
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
352
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 36%
Hotels & Casinos 10%
Advance Auto Parts
Shops & Services
2,303 visits/mo
0.4 miles
SUBWAY
Dining
1,806 visits/mo
0.4 miles
Domino's Pizza
Dining
1,618 visits/mo
0.4 miles
Super 8 Twinsburg/Cleveland Area
Hotels & Casinos
668 visits/mo
0.5 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 - Multi-tenant retail center in Twinsburg, Ohio with stable cashflow.
Where is this shopping center located?
The property is located at 10735 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: Fully occupied retail center anchored by Dollar General, Goodwill, and Onyx Health Club 24/7.; Strong in‑place net operating income of $775,800 and stable cash flow.; Located in a high‑income area with average household income exceeding $150,000.
