Retail Space with National
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1824 Front St, Cuyahoga Falls, OH 44221
Established commercial setting near retail, dining, and other business uses with redevelopment-area designation.
Property Size5,360 SF
Price / SF$129.66
Days on Market3
Property Features for 1824 Front St
General Information
Standard status
Active
Size
5,360 SF
Property subtype
RETAIL
Listing Agency:
NAI Pleasant Valley - Akron
(330) 535-2661
Listed By:
David Whyte · License #SAL.2018002884
(330) 352-7746
Source:
Moodyscre
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 4:28PM
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 NAI Pleasant Valley - Akron
Investment Insights
Based on property information with market context.
This 5,360-square-foot retail property at 1824 Front St includes a nationally recognized tenant and is positioned within the Cuyahoga Falls Redevelopment Area. The asset is suited to retail-oriented commercial use and offers an established storefront setting.
The property sits just south of the Sheraton Suites and is surrounded by a mix of retail, dining, and commercial uses. Its location within a designated redevelopment area adds an additional planning context for evaluating the property’s future positioning.
The property sits just south of the Sheraton Suites and is surrounded by a mix of retail, dining, and commercial uses. Its location within a designated redevelopment area adds an additional planning context for evaluating the property’s future positioning.
Key Highlights
- 5,360‑square‑foot retail property
- Nationally recognized, high‑profile tenant
- Located within the Cuyahoga Falls Redevelopment Area
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
$33,960
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
4.89%
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%
$679,200
$679.2K
Cap Rate 7%
$485,143
$485.1K
Cap Rate 9%
$377,333
$377.3K
Market Conditions
NOI Build-Up for 5,360 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
$50.2K $9.36/SF
− Vacancy
−$1.7K −$0.31/SF
EGI
$48.5K $9.05/SF
− OpEx
−$14.6K −$2.72/SF
NOI
$34.0K $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%
$679,200
Cap Rate 7%
$485,143
Cap Rate 9%
$377,333
Alternative Uses
Best Use
Retail
$485.1K
$424.5K – $566.0K
NOI $33,960 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,077 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Hotels & Casinos 20%
Dining 4%
Circle K
Shops & Services
22,800 visits/mo
0.3 miles
Sheraton Suites Akron/Cuyahoga Falls
Hotels & Casinos
12,506 visits/mo
0.1 miles
Huntington Bank
Shops & Services
9,261 visits/mo
0.5 miles
Circle K
Shops & Services
5,211 visits/mo
0.2 miles
Marathon
Shops & Services
5,196 visits/mo
0.2 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Established commercial setting near retail, dining, and other business uses with redevelopment-area designation.
Where is this retail space located?
The property is located at 1824 Front St Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 5,360‑square‑foot retail property; Nationally recognized, high‑profile tenant; Located within the Cuyahoga Falls Redevelopment Area
