Mixed-Use Property with Multiple
For Sale
$899,900
13113 Cleveland Ave NW, Uniontown, OH 44685
Four-building property combines residential accommodations, commercial rental space, garages, and extensive on-site parking.
Property Size8,000 SF
Price / SF$112.49
Days on Market49
Property Features for 13113 Cleveland Ave NW
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Multi-Family
Building Details
Year Built
1946
Listing Agency:
RE/MAX Crossroads Properties
Listed By:
Wesley J Yania · License #2001010127
(330) 280-2652
Source:
Theacclaimedrealty
Added: Jul 30
Changed: Sep 8
Last Checked: Sep 15 at 6:50PM
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 RE/MAX Crossroads Properties
Investment Insights
Based on property information with market context.
This mixed-use property includes four buildings on a 3/4-acre lot along Cleveland Ave in Uniontown. The first stone building has a newer roof and furnace, three large bedrooms, 1.5 baths, about 2,000 square feet, original woodwork, and solid wood doors. The second stone building was gutted to the studs and finished in 2024, with a heated oversized two-car garage, large primary bedroom, new bathroom with granite countertops, and two walk-in closets.
The third building contains a first-floor commercial rental space currently occupied by a flower shop, along with a two- or three-bedroom apartment and full bath upstairs. The fourth building is a five-car brick garage with two separate heated bays, a half bathroom, and a separate office area. The property includes a large parking area and stretches from the alley to Northdale Street, with 180 feet of frontage.
The third building contains a first-floor commercial rental space currently occupied by a flower shop, along with a two- or three-bedroom apartment and full bath upstairs. The fourth building is a five-car brick garage with two separate heated bays, a half bathroom, and a separate office area. The property includes a large parking area and stretches from the alley to Northdale Street, with 180 feet of frontage.
Key Highlights
- Four buildings on a 3/4‑acre lot along Cleveland Ave
- 180 feet of frontage stretching from the alley to Northdale Street
- Second stone building finished in 2024 after being gutted to the studs
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
$58,595
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
6.51%
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%
$1,171,900
$1.2M
Cap Rate 7%
$837,071
$837.1K
Cap Rate 9%
$651,056
$651.1K
Market Conditions
NOI Build-Up for 8,000 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
$110.4K $13.80/SF
− Vacancy
−$3.9K −$0.48/SF
EGI
$106.5K $13.32/SF
− OpEx
−$47.9K −$5.99/SF
NOI
$58.6K $7.32/SF
Area
Stark County, OH
Vacancy
3.50%
Lease Rate
$13.80 /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%
$1,171,900
Cap Rate 7%
$837,071
Cap Rate 9%
$651,056
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,210 @ 7.0% cap · market cap 16.25%
Second Best
Apartment 5plus
$837.1K
$732.4K – $976.6K
NOI $58,595 @ 7.0% cap · market cap 6.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 44685, OH
29,008
Population
11,422
Households
2.5
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
25.6 sq mi
ZIP Area
1,133
Density / Sq Mi
$100,094
Median Household Income
$56,884
Median Earnings
$1,346
Median Rent
$259,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-building property combines residential accommodations, commercial rental space, garages, and extensive on-site parking.
Where is this mixed-use property located?
The property is located at 13113 Cleveland Ave NW Uniontown, OH.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Four buildings on a 3/4‑acre lot along Cleveland Ave; 180 feet of frontage stretching from the alley to Northdale Street; Second stone building finished in 2024 after being gutted to the studs
