Building Details

Buildings 1

Stories 1

Building Size 40,000 SF

Listing Agency: Colliers | Cleveland Show Phone

Listed By: Russell Rogers, SIOR Show Phone

Source: Moodyscre

Added: Mar 20, 2025 Changed: Sep 15 Last Checked: Sep 15 at 9:42AM

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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 Colliers | Cleveland

Investment Insights

Based on property information with market context.

This flex space features approximately 40,000 SF of combined office and warehouse/receiving space on a 13-acre site, with one floor and a partial second-level mezzanine. The interior includes about 35,000 SF of office space plus about 5,000 SF of warehouse/receiving area.

Operational support includes four loading docks or garage spaces and 100+ surface parking spaces. Work and collaboration space is built out with a large lunchroom, conference room, board room, multiple private offices, and an open work area.

The property also includes an on-site backup generator and monument signage available at Terex Road. It is identified as Parcel # 3006947 and is described as fully furnished and available for use at 1100 Terex Rd, Hudson, OH 44236.

Key Highlights

• Approximately 40,000 SF flex building on 13 acres in Hudson, OH
• About 35,000 SF office space plus about 5,000 SF warehouse/receiving
• Partial second‑level mezzanine with one‑floor layout

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

$192,523

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

6.21%

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%

$3,850,460 $3.9M

Cap Rate 7%

$2,750,329 $2.8M

Cap Rate 9%

$2,139,144 $2.1M

Market Conditions

NOI Build-Up for 40,000 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

$235.2K $5.88/SF

− Vacancy

−$8.7K −$0.22/SF

EGI

$226.5K $5.66/SF

− OpEx

−$34.0K −$0.85/SF

NOI

$192.5K $4.81/SF

Area

Summit County, OH

Vacancy

3.70%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

15.00%

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%

$3,850,460

Cap Rate 7%

$2,750,329

Cap Rate 9%

$2,139,144

Alternative Uses

Best Use

Office B

$6.76M

$5.91M – $7.88M (±1% cap)

NOI $473,083 @ 7.0% cap · market cap 15.26%

Second Best

Warehouse

$2.75M

$2.41M – $3.21M (±1% cap)

NOI $192,523 @ 7.0% cap · market cap 6.21%

Theoretical Best

Office A

$9.82M

$8.59M – $11.45M (±1% cap)

NOI $687,145 @ 7.0% cap · market cap 22.17%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Wolters Kluwer Production Facility

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Parking Lot & Garage Restaurant Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Dock-high doors

Location Intelligence

Trade Area within ½ mile

429

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44236, OH

26,216

Population

9,388

Households

2.8

Avg Household Size

44

Median Age

74%

College-Educated

98%

High-School Grad

32.0 sq mi

ZIP Area

819

Density / Sq Mi

$168,973

Median Household Income

$78,336

Median Earnings

$2,205

Median Rent

$436,900

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flex space with office and warehouse/receiving, loading docks/garage spaces, and an on-site backup generator.

Where is this flex space located?

The property is located at 1100 Terex Rd Hudson, OH.

What is the asking price?

The asking price for this property is $3,100,000.

What are key features of this property?

This property features: Approximately 40,000 SF flex building on 13 acres in Hudson, OH; About 35,000 SF office space plus about 5,000 SF warehouse/receiving; Partial second‑level mezzanine with one‑floor layout