Flex Building with Office
For Sale
Contact for pricing
1960 Case Pkwy, Twinsburg, OH 44087
Versatile commercial building combining substantial office accommodations with dedicated warehouse functionality.
Property Size6,400 SF
Lot Size2.00 Acres
Price / SF$132.81
Days on Market67
Property Features for 1960 Case Pkwy
General Information
Standard status
Active
Size
6,400 SF
Total Parking Spaces
25
Lot size
2.00 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Warehouse Space
1,800 SF
Office Build-Out
4,200 SF
Drive-In Doors
1
Amenities
Kitchenette
Conference Room
Fiber to the Building
Building Details
Year Built
1991
Buildings
1
Building Size
6,400 SF
Listing Agency:
Gerspacher Real Estate Group
(330) 634-5289
Listed By:
Sam Tecca
(330) 634-5289
Source:
Moodyscre
Added: Jun 26
Changed: Aug 30
Last Checked: Aug 30 at 11:34PM
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 Gerspacher Real Estate Group
Investment Insights
Based on property information with market context.
This flex property contains 6,400 square feet arranged with approximately 4,200 square feet of office area and 1,800 square feet of warehouse space. The office portion includes seven private offices, an open bullpen, conference room, large kitchenette, and three restrooms. Warehouse improvements include two Reznor heaters and a 12' x 14' drive-in door.
The building sits on 2 acres and provides 25 parking spaces, subject to a cross easement affecting part of the parking area. Fiber service extends to the building. Constructed in 1991, the property offers a combination of office, service, and storage areas within a single commercial facility.
The building sits on 2 acres and provides 25 parking spaces, subject to a cross easement affecting part of the parking area. Fiber service extends to the building. Constructed in 1991, the property offers a combination of office, service, and storage areas within a single commercial facility.
Key Highlights
- 6,400 SF building with approximately 4,200 SF of office and 1,800 SF of warehouse space
- Seven private offices, open bullpen, conference room, large kitchenette, and 3 restrooms
- Warehouse includes 2 Reznor heaters and one 12' x 14' drive‑in door
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
$75,693
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
8.91%
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%
$1,513,860
$1.5M
Cap Rate 7%
$1,081,329
$1.1M
Cap Rate 9%
$841,033
$841.0K
Market Conditions
NOI Build-Up for 6,400 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
$108.3K $16.92/SF
− Vacancy
−$7.4K −$1.15/SF
EGI
$100.9K $15.77/SF
− OpEx
−$25.2K −$3.94/SF
NOI
$75.7K $11.83/SF
Area
Summit County, 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 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%
$1,513,860
Cap Rate 7%
$1,081,329
Cap Rate 9%
$841,033
Alternative Uses
Best Use
Office B
$1.08M
$946.2K – $1.26M
NOI $75,693 @ 7.0% cap · market cap 8.91%
Second Best
Warehouse
$440.1K
$385.1K – $513.4K
NOI $30,804 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,943 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44087, OH
22,626
Population
9,146
Households
2.5
Avg Household Size
44
Median Age
47%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,257
Density / Sq Mi
$95,810
Median Household Income
$59,762
Median Earnings
$1,333
Median Rent
$290,500
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 - Versatile commercial building combining substantial office accommodations with dedicated warehouse functionality.
Where is this flex space located?
The property is located at 1960 Case Pkwy Twinsburg, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6,400 SF building with approximately 4,200 SF of office and 1,800 SF of warehouse space; Seven private offices, open bullpen, conference room, large kitchenette, and 3 restrooms; Warehouse includes 2 Reznor heaters and one 12' x 14' drive‑in door
