Mixed-Use Property with
1501 S Cleveland Massillon Rd, Copley, OH 44321
For Sale
$235,000
Commercial space pairs with a separate one-bedroom residential unit and private deck.
Property Size1,200 SF
Price / SF$195.83
Days on Market57
Property Features for 1501 S Cleveland Massillon Rd
General Information
Standard status
Size
Site & Location
Road Access
Utilities to Site
Additional Details
Floor
Amenities
private deck
backyard
Building Details
Year Built
Buildings
Stories
Listing Agency:
Keller Williams Living
Listed By:
Mary Jo Kormushoff · License #2010000747
(330) 351-3051
Source:
Theacclaimedrealty
Added: Sep 12
Changed: Oct 26
Last Checked: Oct 7 at 2:00PM
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 Keller Williams Living
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Investment Insights
Based on property information with market context.
This mixed-use building combines a commercial main level with a one-bedroom apartment upstairs. The first floor previously served a local business and offers potential for office, retail, or shop use. The apartment has its own entrance and a private deck facing the backyard, creating a clear separation between the two components.
Recent property improvements include HVAC and furnace work in 2021, electrical updates in 2021, basement plumbing pipes and water lines in 2022, a water softener and reverse osmosis system in 2024, air conditioning in 2025, and parking lot sealing in 2025. Several upstairs plumbing fixtures, including faucets and a toilet, were replaced in 2025 and 2026. The property is located at 1501 S Cleveland Massillon Rd in Copley, Ohio.
Recent property improvements include HVAC and furnace work in 2021, electrical updates in 2021, basement plumbing pipes and water lines in 2022, a water softener and reverse osmosis system in 2024, air conditioning in 2025, and parking lot sealing in 2025. Several upstairs plumbing fixtures, including faucets and a toilet, were replaced in 2025 and 2026. The property is located at 1501 S Cleveland Massillon Rd in Copley, Ohio.
Key Highlights
- Main level previously used for a local business and supports office, retail, or shop use
- One‑bedroom upstairs apartment with separate access and a private backyard‑facing deck
- HVAC and furnace updated in 2021; electrical system updated in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,192
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,840
$283.8K
Cap Rate 7%
$202,743
$202.7K
Cap Rate 9%
$157,689
$157.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.3K $16.92/SF
− Vacancy
−$1.4K −$1.15/SF
EGI
$18.9K $15.77/SF
− OpEx
−$4.7K −$3.94/SF
NOI
$14.2K $11.83/SF
Area
Akron, OH
Vacancy
6.80%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,840
Cap Rate 7%
$202,743
Cap Rate 9%
$157,689
Alternative Uses
Best Use
Office B
$202.7K
$177.4K – $236.5K
NOI $14,192 @ 7.0% cap · market cap 6.04%
Second Best
Retail
$193.6K
$169.4K – $225.8K
NOI $13,549 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$294.5K
$257.7K – $343.6K
NOI $20,614 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
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Business Placement
Demographics for 44321, OH
15,993
Population
6,597
Households
2.4
Avg Household Size
40
Median Age
60%
College-Educated
98%
High-School Grad
14.6 sq mi
ZIP Area
1,095
Density / Sq Mi
$119,282
Median Household Income
$66,933
Median Earnings
$1,423
Median Rent
$320,400
Median Home Value
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Market
Properties on Market for Mixed-use properties in Summit County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space pairs with a separate one-bedroom residential unit and private deck.
Where is this mixed-use property located?
The property is located at 1501 S Cleveland Massillon Rd Copley, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Main level previously used for a local business and supports office, retail, or shop use; One‑bedroom upstairs apartment with separate access and a private backyard‑facing deck; HVAC and furnace updated in 2021; electrical system updated in 2021
