Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4500 Courthouse Blvd Stow, OH 44224

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr

    Class A office space in prime Stow business corridor location.

    Building Details

    Year built
    2008

    We can help!

    Listing Contact
    Aaron Davis
    Aaron Davis
    Source: Svn

    Listing Agency: SVN Summit Commercial Real Estate Advisors Listing Agent: Aaron Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Modernized Office Building in Stow

    Courthouse Commons is a 38,256 square foot two-story office building located off SR-8 at Steels Corners Road in Stow's business and commercial corridor. Adjacent to the Stow Municipal Courthouse and surrounded by hotels, healthcare facilities, and amenities, the property offers a location with visibility for professional users. Courthouse Commons is being repositioned as a Class A office environment with modern upgrades, convenience, and functionality. The property features flexible, divisible layouts with modern elevator access. New LEDs are installed throughout. Common area and restroom upgrades are planned, along with enhanced landscaping and outdoor seating. The building includes high ceilings and glass-walled offices, with in-suite kitchens or kitchenettes. An on-site generator is available. Ample surface parking is provided with multiple access points. An upgraded security system is in progress, and improved monument signage is coming soon. The property is convenient to hotels, restaurants, medical, government, and professional offices and is located in Stow's Community Reinvestment Area, offering potential tenant incentives.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stow
    County
    Summit
    State
    Ohio
    Longitude
    -81.4823779
    Latitude
    41.1838199

    Nearby Similar for Lease

    • $8 SF/Yr

      Stow Office Space Available

      1,700 SF office space in Stow near State Routes.
      3751 Fishcreek Rd, Stow, OH 44224
      View Details
    • $14 SF/Yr

      Stow Office Condominium For Rent

      1,398 SF office condo in Stow, near Route 8.
      3916 Clock Pointe Trl, Stow, OH 44224
      View Details
    • $14 SF/Yr

      Stow Office Condominium For Rent

      1,398 SF office condo near Route 8 in Stow.
      3916 Clock Pointe Trl, Stow, OH 44224
      View Details
    • $350 /Mo
      1,500 SF

      Medical/Dental Space Available

      Partially built-out medical/dental space with plumbing and multiple rooms.
      4494-4508 Darrow Rd, Stow, OH 44224
      View Details
    • $11 SF/Yr

      Stow Professional Center Office Space

      Multi-tenant medical and office campus on Darrow Road (SR-91).
      4472-4508 Darrow Rd, Stow, OH 44224
      View Details
    • Contact for pricing

      Stow Hudson Towne Centre Retail

      Grocery-anchored retail center at the Stow/Hudson border.
      1664-1672 Norton Rd, Stow, OH 44224
      View Details
    • Contact for pricing

      Accessible Flex and Office Space

      Single-story flex and office space with easy highway access.
      1000-1100 Campus Dr, Stow, OH 44224
      View Details
    • $14 SF/Yr
      11,848 SF

      Former Nursing Home Facility Available

      Two buildings totaling 11,848 SF on 2.11 acres.
      3625 Marsh Rd, Stow, OH 44224
      View Details
    • $11 SF/Yr

      Stow Lower Level Office Suite

      2,099 SF office suite in a professional Stow complex.
      3924 Clock Pointe Trl, Stow, OH 44224
      View Details
    • $14 SF/Yr

      Stow Office Condo For Rent

      Ground-level, 1,082 SF office condo in Stow, Ohio.
      3918 Clock Pointe Trl, Stow, OH 44224
      View Details
    • Contact for pricing

      Redeveloped Stow Manufacturing/Warehouse Facility

      Redeveloped 4-tenant facility with manufacturing or warehousing potential.
      4700 Hudson Drive Ext, Stow, OH 44224
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space Near Route 8

      Retail space available in Stow, near Route 8.
      911 Graham Rd, Stow, OH 44221
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office space in prime Stow business corridor location.
    Where is this office building located?
    The property is located at 4500 Courthouse Blvd Stow, OH.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Prime location off SR-8 at Steels Corners Road in Stow's business corridor, adjacent to the Stow Municipal Courthouse.; - Being repositioned as a Class A office environment with modern upgrades.; - Flexible, divisible layouts with modern elevator access.
    (234) 231-0285
    Request Owner's contact information
    4500 Courthouse Blvd Stow, OH 44224
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4500 Courthouse Blvd
    Stow, OH 44224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4500 Courthouse Blvd Stow, OH 44224
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Aaron Davis
    Aaron Davis
    Real Estate License ID: 2018001122
    (234) 231-0285 (330) 221-7297 (234) 231-0200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!