Freestanding Flex
For Sale
Under Contract
$260,000
215 Munroe Falls Avenue, Cuyahoga Falls, OH 44221
CommercialSale, Cuyahoga Falls, OH
Property Size2,440 SF
Lot Size0.35 Acres
Price / SF$106.56
Days on Market80
Property Features for 215 Munroe Falls Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Assigned, Open, Paved or Surfaced
Elementary school district
Cuyahoga Falls CSD - 7705
Middle school district
Cuyahoga Falls CSD - 7705
High school district
Cuyahoga Falls CSD - 7705
Directions
E. Portage Trail (east of Rt 8) to Munroe Falls Ave.
Standard status
Active Under Contract
APN
0213316
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TR 2 W OF LOTS 1 & 2 S1/2 3 BLK TT LOTS 1 2 & S 1/2 3 & PT VAC ST
Tax Annual Amount
3790
Legal Description
TR 2 W OF LOTS 1 & 2 S1/2 3 BLK TT LOTS 1 2 & S 1/2 3 & PT VAC ST
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 835-4900
Listed By:
Ashley Beal · License #2021006733
(330) 416-0042
Added: Jul 19
Changed: Sep 12
Last Checked: Oct 6 at 6:06PM
MLS# 5227097
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding flex property contains 2,440 square feet with multiple offices, two restrooms, and entrances at both the front and rear. A metal roof, central air, forced-air natural gas heating, public water, and public sewer support the building’s existing functionality. The site also includes paved parking and a partially fenced gravel area that can serve parking or storage needs.
The property occupies 0.3471 acres near downtown Cuyahoga Falls, with access to State Route 8. Its E-1 Employment District zoning supports listed uses that include contractor operations, storage, professional services, and office space. Built in 1956, the building offers a practical format for an owner-user or investor seeking a combination of work areas, office accommodation, and outdoor storage capacity.
The property occupies 0.3471 acres near downtown Cuyahoga Falls, with access to State Route 8. Its E-1 Employment District zoning supports listed uses that include contractor operations, storage, professional services, and office space. Built in 1956, the building offers a practical format for an owner-user or investor seeking a combination of work areas, office accommodation, and outdoor storage capacity.
Key Highlights
- 2,440‑square‑foot freestanding flex building
- 0.3471‑acre site near downtown Cuyahoga Falls
- E‑1 Employment District zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,671
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,420
$193.4K
Cap Rate 7%
$138,157
$138.2K
Cap Rate 9%
$107,456
$107.5K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$14.3K $5.88/SF
− Vacancy
−$531 −$0.22/SF
EGI
$13.8K $5.66/SF
− OpEx
−$4.1K −$1.70/SF
NOI
$9.7K $3.96/SF
Area
Summit County, OH
Vacancy
3.70%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,420
Cap Rate 7%
$138,157
Cap Rate 9%
$107,456
Alternative Uses
Best Use
Office B
$412.3K
$360.7K – $481.0K
NOI $28,858 @ 7.0% cap · market cap 11.10%
Second Best
Industrial
$138.2K
$120.9K – $161.2K
NOI $9,671 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$598.8K
$524.0K – $698.6K
NOI $41,916 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
926
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - E-1-zoned commercial property with offices, two restrooms, paved parking, and separate front and rear access.
Where is this flex space located?
The property is located at 215 Munroe Falls Avenue Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,440‑square‑foot freestanding flex building; 0.3471‑acre site near downtown Cuyahoga Falls; E‑1 Employment District zoning
