Retail Space for
For Sale
$1,300,000
58 Front St, Berea, OH 44017
Retail space available for purchase at 58 Front St in Berea, OH.
Property Size9,134 SF
Days on Market75
Property Features for 58 Front St
General Information
Standard status
Active
Size
9,134 SF
Property subtype
Retail
Building Details
Building Size
9,134 SF
Year Built
1914
Listing Agency:
NAI Pleasant Valley - Independence
Listed By:
Hiedi Winston · License #SAL.2012001051
(440) 752-2617
Source:
Naiglobal
Added: Jun 30
Changed: Sep 10
Last Checked: Sep 12 at 5:40AM
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 NAI Pleasant Valley - Independence
Investment Insights
Based on property information with market context.
This offering presents a retail space for sale, located at 58 Front St in Berea, Ohio. The property is being marketed as a commercial retail asset, positioned for business use that requires a storefront-style presence and public access.
The address provides a convenient, street-facing location on Front Street within Berea (44017). While additional specifics such as unit layout, frontage, or on-site features are not provided here, the property is listed for buyers evaluating retail ownership or portfolio expansion within the Berea area.
For tenants, operators, or investors considering the purchase, a retail classification can support a range of commercial uses subject to applicable zoning, permitting, and building requirements. Interested parties should review the property details directly during due diligence to confirm configuration, permitted uses, and any lease, occupancy, or condition information relevant to their intended business plan. For sale listings like this typically attract buyers seeking a retail asset they can evaluate for current or future operations in the local market.
The address provides a convenient, street-facing location on Front Street within Berea (44017). While additional specifics such as unit layout, frontage, or on-site features are not provided here, the property is listed for buyers evaluating retail ownership or portfolio expansion within the Berea area.
For tenants, operators, or investors considering the purchase, a retail classification can support a range of commercial uses subject to applicable zoning, permitting, and building requirements. Interested parties should review the property details directly during due diligence to confirm configuration, permitted uses, and any lease, occupancy, or condition information relevant to their intended business plan. For sale listings like this typically attract buyers seeking a retail asset they can evaluate for current or future operations in the local market.
Key Highlights
- Retail space for purchase at 58 Front St in Berea, OH
- Year built: 1900
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
$87,275
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
6.71%
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%
$1,745,500
$1.7M
Cap Rate 7%
$1,246,786
$1.2M
Cap Rate 9%
$969,722
$969.7K
Market Conditions
NOI Build-Up for 9,134 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
$137.0K $15.00/SF
− Vacancy
−$12.3K −$1.35/SF
EGI
$124.7K $13.65/SF
− OpEx
−$37.4K −$4.10/SF
NOI
$87.3K $9.56/SF
Area
Cuyahoga County, OH
Vacancy
9.00%
Lease Rate
$15.00 /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%
$1,745,500
Cap Rate 7%
$1,246,786
Cap Rate 9%
$969,722
Alternative Uses
Best Use
Retail
$1.25M
$1.09M – $1.45M
NOI $87,275 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.32M
$6.40M – $8.54M
NOI $512,299 @ 7.0% cap · market cap 39.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 41%
Dining 4%
Electronics 1%
Giant Eagle Supermarket
Groceries
29,599 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,039 visits/mo
0.2 miles
Shell
Shops & Services
11,042 visits/mo
0.3 miles
U.S. Bank
Shops & Services
8,130 visits/mo
0.1 miles
Fifth Third Bank & ATM
Shops & Services
3,899 visits/mo
0.2 miles
Demographics for 44017, OH
18,611
Population
7,359
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
6.1 sq mi
ZIP Area
3,051
Density / Sq Mi
$72,044
Median Household Income
$37,182
Median Earnings
$981
Median Rent
$187,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase at 58 Front St in Berea, OH.
Where is this retail space located?
The property is located at 58 Front St Berea, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Retail space for purchase at 58 Front St in Berea, OH; Year built: 1900
