Building Details

Building Size 2,400 SF

Year Built 1987

Listing Agency: RE/MAX Trends Realty

Listed By: Derrick T Bailey · License #2018000192 Show Phone

Source: Lifestagesrealty

Added: Oct 15 Changed: Oct 27 Last Checked: Oct 27 at 4:24AM

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Investment Insights

Based on property information with market context.

This 2,400-square-foot mixed-use property in Stow combines office space with a garage/warehouse area. The office portion includes a reception area, waiting room, kitchenette, private offices, a full bathroom, a half bathroom, and laundry. The garage/warehouse has a high-bay overhead door with an opener and a loft for storage. Separate entrances provide access to the office and garage areas.

Built in 1987, the property has 240V electric service and two HVAC systems, with one system serving each area. The HVAC equipment and hot water tank have been replaced.

Key Highlights

• 2,400‑square‑foot office and garage/warehouse property
• Office area includes reception, waiting room, kitchenette, private offices, full bathroom, half bathroom, and laundry
• Garage/warehouse features a high‑bay door with opener and a storage loft

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,300

Cap Rate

7.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$486,000 $486.0K

Cap Rate 7%

$347,143 $347.1K

Cap Rate 9%

$270,000 $270.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$43.2K $18.00/SF

− Vacancy

−$4.3K −$1.80/SF

EGI

$38.9K $16.20/SF

− OpEx

−$14.6K −$6.07/SF

NOI

$24.3K $10.13/SF

Area

Summit County, OH

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$486,000

Cap Rate 7%

$347,143

Cap Rate 9%

$270,000

Alternative Uses

Best Use

Mixed Use

$347.1K

$303.8K – $405.0K (±1% cap)

NOI $24,300 @ 7.0% cap · market cap 7.48%

Second Best

Warehouse

$165.0K

$144.4K – $192.5K (±1% cap)

NOI $11,551 @ 7.0% cap · market cap 3.55%

Theoretical Best

Office A

$589.0K

$515.4K – $687.2K (±1% cap)

NOI $41,229 @ 7.0% cap · market cap 12.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Building Supply

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

Location Intelligence

Trade Area within ½ mile

166

Businesses Nearby

Explore this area Business Placement

Demographics for 44224, OH

38,709

Population

16,826

Households

2.3

Avg Household Size

42

Median Age

49%

College-Educated

96%

High-School Grad

20.4 sq mi

ZIP Area

1,898

Density / Sq Mi

$91,096

Median Household Income

$48,624

Median Earnings

$1,190

Median Rent

$243,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Separate entrances and HVAC systems serve the office and garage areas.

Where is this mixed-use property located?

The property is located at 1337 Commerce Drive Stow, OH.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 2,400‑square‑foot office and garage/warehouse property; Office area includes reception, waiting room, kitchenette, private offices, full bathroom, half bathroom, and laundry; Garage/warehouse features a high‑bay door with opener and a storage loft