Ranch Residential Income Property with
For Sale
$175,000
Pending
1115 Canyon View Road, Sagamore Hills, OH 44067
MULTI_FAMILY - Ranch - Sagamore Hills, OH
Property Size1,309 SF
Lot Size0.03 Acres
Days on Market56
Property Features for 1115 Canyon View Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Dining Room, Kitchen, Bedroom 2, Bathroom 2, Laundry Room
Parking features
Open, Garage, Assigned
Patio and Porch features
Porch, Patio
Pool private
1
Interior features
BreakfastBar, EatInKitchen, GraniteCounters, OpenFloorplan, WalkInClosets
Appliances
BuiltInOven, Cooktop, Dryer, Dishwasher, Refrigerator, Washer
Subdivision
Juniper Hill Condo
Elementary school district
Nordonia Hills CSD - 7710
Middle school district
Nordonia Hills CSD - 7710
High school district
Nordonia Hills CSD - 7710
Directions
82 to Canyon View Road, the driveway is on the left side "Juniper Hill"
Standard status
Pending
APN
4501111
Size
1,309 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
JUNIPER HILL CONDOMINIUM BLDG 12 UNIT 103
Tax Annual Amount
2501
HOA Fee
$273 Semi-Annually
Legal Description
JUNIPER HILL CONDOMINIUM BLDG 12 UNIT 103
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
community center
fitness center
indoor pool
outdoor pool
fishing lake
playground
community garden
Building Details
Year built
1973
Floors in Building
1
Building materials
WoodSiding
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
HomeSmart Real Estate Momentum LLC · HomeSmart International
(440) 578-8058
Listed By:
Megan L Samuels · License #2015000122
(216) 856-2521
Added: Jun 15
Changed: Aug 3
Last Checked: Aug 9 at 2:06AM
MLS# 5218826
Copyright © 2026 MLS Now. 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.
Built in 1973, this ranch-style residential income condo offers an open floorplan with character-filled living and dining space and an updated kitchen with granite countertops, an expansive breakfast bar, abundant cabinetry, and custom built-ins. The enclosed sunroom features sliding glass doors, providing an additional space to relax with peaceful views. Both bedrooms include custom storage, and the primary suite has a private full bath and a walk-in closet with ensuite laundry. The hall bath includes a granite vanity with dual vessel sinks, custom cabinetry, extensive crown molding, and a spacious walk-in tiled shower. The home includes appliances such as a built-in oven, cooktop, dishwasher, refrigerator, washer, and dryer.
Set on a 0.0277-acre lot with 1,309 square feet of interior space, the property is served by public water and public sewer. Heating is forced air with natural gas, and cooling is central air. Exterior materials include wood siding with an asphalt roof. Parking is available with an assigned garage space, including a remote door opener and a large storage cabinet in the garage.
Homeowners also enjoy resort-style community amenities through Greenwood Village, including a community center, fitness center, indoor and outdoor pools, a fishing lake, playground, and a community garden. The property is minutes from Brecksville and Macedonia Commons for shopping, dining, and major highways.
Set on a 0.0277-acre lot with 1,309 square feet of interior space, the property is served by public water and public sewer. Heating is forced air with natural gas, and cooling is central air. Exterior materials include wood siding with an asphalt roof. Parking is available with an assigned garage space, including a remote door opener and a large storage cabinet in the garage.
Homeowners also enjoy resort-style community amenities through Greenwood Village, including a community center, fitness center, indoor and outdoor pools, a fishing lake, playground, and a community garden. The property is minutes from Brecksville and Macedonia Commons for shopping, dining, and major highways.
Key Highlights
- Enclosed sunroom with sliding glass doors for extra indoor living space
- 1,309 SF ranch‑style condo on a 0.0277‑acre lot
- Assigned garage space with remote door opener and large storage cabinet
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
$10,494
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
6.00%
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%
$209,880
$209.9K
Cap Rate 7%
$149,914
$149.9K
Cap Rate 9%
$116,600
$116.6K
Market Conditions
NOI Build-Up for 1,309 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
$20.1K $15.36/SF
− Vacancy
−$1.0K −$0.78/SF
EGI
$19.1K $14.58/SF
− OpEx
−$8.6K −$6.56/SF
NOI
$10.5K $8.02/SF
Area
Summit County, OH
Vacancy
5.10%
Lease Rate
$15.36 /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%
$209,880
Cap Rate 7%
$149,914
Cap Rate 9%
$116,600
Alternative Uses
Best Use
Apartment 5plus
$149.9K
$131.2K – $174.9K
NOI $10,494 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.2K
$281.1K – $374.8K
NOI $22,487 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 44067, OH
19,995
Population
9,201
Households
2.2
Avg Household Size
49
Median Age
40%
College-Educated
94%
High-School Grad
17.2 sq mi
ZIP Area
1,163
Density / Sq Mi
$89,082
Median Household Income
$51,312
Median Earnings
$1,242
Median Rent
$234,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ranch condo with enclosed sunroom, central air, and assigned garage space in a community with pools and a fishing lake.
Where is this residential income property located?
The property is located at 1115 Canyon View Road Sagamore Hills, 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: Enclosed sunroom with sliding glass doors for extra indoor living space; 1,309 SF ranch‑style condo on a 0.0277‑acre lot; Assigned garage space with remote door opener and large storage cabinet
