Flex Building with Retail
For Sale
Contact for pricing
1471 Main St, Cuyahoga Falls, OH 44221
Two-story flex building featuring first-floor light manufacturing, a retail counter, office space, and an added warehouse area.
Property Size5,385 SF
Price / SF$60.35
Days on Market162
Property Features for 1471 Main St
General Information
Standard status
Active
Size
5,385 SF
Total Parking Spaces
12
Property subtype
Retail, Industrial, Mixed Use
Zoning
E-1
Building Details
Year Built
1950
Stories
2
Listing Agency:
SVN Summit Commercial Real Estate Advisors
Listed By:
Brian Foster · License #OH 2021008191
(234) 231-0229
Source:
Crexi
Added: Mar 28
Changed: Aug 14
Last Checked: Sep 2 at 7:28AM
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 SVN Summit Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This two-story flex building includes first-floor light manufacturing space with a retail counter, office area, and warehouse space. The original structure was built in 1950 with an exterior described as block construction, and the building includes additional space from a 2002 addition that adds warehouse and second-story office components.
The 2002 addition includes 2,368 square feet of warehouse space and approximately 1,500 square feet of second-story office space. The second story also features a conference room and private office.
With a configuration that combines light manufacturing, warehousing, and office use, the property is suited to businesses needing multiple operational functions within one building. The building is listed for sale at 1471 Main St in Cuyahoga Falls, Ohio.
The 2002 addition includes 2,368 square feet of warehouse space and approximately 1,500 square feet of second-story office space. The second story also features a conference room and private office.
With a configuration that combines light manufacturing, warehousing, and office use, the property is suited to businesses needing multiple operational functions within one building. The building is listed for sale at 1471 Main St in Cuyahoga Falls, Ohio.
Key Highlights
- Two‑story flex building with first‑floor light manufacturing, retail counter, office, and warehouse space.
- Includes 2002 addition adding 2,368 SF of warehouse and about 1,500 SF of second‑story office.
- Originally built in 1950 with approximately 1,517 SF in the original structure.
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
$25,918
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
7.97%
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%
$518,360
$518.4K
Cap Rate 7%
$370,257
$370.3K
Cap Rate 9%
$287,978
$288.0K
Market Conditions
NOI Build-Up for 5,385 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
$31.7K $5.88/SF
− Vacancy
−$1.2K −$0.22/SF
EGI
$30.5K $5.66/SF
− OpEx
−$4.6K −$0.85/SF
NOI
$25.9K $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%
$518,360
Cap Rate 7%
$370,257
Cap Rate 9%
$287,978
Alternative Uses
Best Use
Office B
$909.8K
$796.1K – $1.06M
NOI $63,689 @ 7.0% cap · market cap 19.60%
Second Best
Warehouse
$370.3K
$324.0K – $432.0K
NOI $25,918 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,507 @ 7.0% cap · market cap 28.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44221, OH
29,601
Population
14,379
Households
2.1
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
6.4 sq mi
ZIP Area
4,625
Density / Sq Mi
$61,893
Median Household Income
$40,060
Median Earnings
$1,026
Median Rent
$160,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex building featuring first-floor light manufacturing, a retail counter, office space, and an added warehouse area.
Where is this flex space located?
The property is located at 1471 Main St Cuyahoga Falls, 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: Two‑story flex building with first‑floor light manufacturing, retail counter, office, and warehouse space.; Includes 2002 addition adding 2,368 SF of warehouse and about 1,500 SF of second‑story office.; Originally built in 1950 with approximately 1,517 SF in the original structure.
