Retail/Office Space on State
For Sale
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1652-1654 State Rd, Cuyahoga Falls, OH
1600 SF retail/office space for lease in Cuyahoga Falls.
Property Size1,600 SF
Lot Size0.09 Acres
Price / SF$218.75
Days on Market308
Property Features for 1652-1654 State Rd
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.09 Acres
Property subtype
RETAIL
Properties For Sale
at 1652-1654 State Rd Contact us- Size
- 1,600 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
1652 - 1654 State Rd
Introducing a 1600 square foot retail or office space for lease, strategically situated...
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Listing Agency:
Howard Hanna | Hudson Office
(330) 807-8423
Listed By:
Manar Elkurd · License #2009004217
(330) 807-8423
Source:
Moodyscre
Added: Oct 20, 2025
Changed: Aug 9
Last Checked: Aug 22 at 5:03AM
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 Howard Hanna | Hudson Office
Investment Insights
Based on property information with market context.
Available for lease is a 1600 square foot retail or office space, located on State Rd in Cuyahoga Falls, with convenient access to Downtown Akron. This property offers high visibility and foot traffic. The space provides the flexibility to personalize branding, signage, and interior design. Parking is available in front of the building, with additional employee parking in the rear.
Key Highlights
- High visibility location on State Rd in Cuyahoga Falls.
- Easy access to Downtown Akron.
- 1600 sq ft retail or office space.
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
$10,137
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
2.90%
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%
$202,740
$202.7K
Cap Rate 7%
$144,814
$144.8K
Cap Rate 9%
$112,633
$112.6K
Market Conditions
NOI Build-Up for 1,600 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
$15.0K $9.36/SF
− Vacancy
−$494 −$0.31/SF
EGI
$14.5K $9.05/SF
− OpEx
−$4.3K −$2.72/SF
NOI
$10.1K $6.34/SF
Area
Summit County, OH
Vacancy
3.30%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
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%
$202,740
Cap Rate 7%
$144,814
Cap Rate 9%
$112,633
Alternative Uses
Best Use
Retail
$144.8K
$126.7K – $169.0K
NOI $10,137 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.7K
$343.6K – $458.1K
NOI $27,486 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 25%
Apparel 6%
Electronics 2%
McDonald's
Dining
20,063 visits/mo
0.2 miles
Dunkin' Donuts
Dining
12,619 visits/mo
0.1 miles
KFC
Dining
10,602 visits/mo
0.2 miles
Dollar General
Shops & Services
8,234 visits/mo
0.1 miles
Little Caesars Pizza
Dining
5,086 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail 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?
Retail space - 1600 SF retail/office space for lease in Cuyahoga Falls.
Where is this retail space located?
The property is located at 1652-1654 State Rd Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High visibility location on State Rd in Cuyahoga Falls.; Easy access to Downtown Akron.; 1600 sq ft retail or office space.
