Leased Flex
For Sale
$1,600,000
2241 Pinnacle Pkwy, Twinsburg, OH 44087
Flex property is 100% leased and features 18' clear height, full sprinklers, and recent exterior capital improvements.
Property Size16,600 SF
Price / SF$95.24
Days on Market160
Property Features for 2241 Pinnacle Pkwy
General Information
Standard status
Active
Size
16,600 SF
Property subtype
Industrial
Occupancy
100%
Warehouse & Industrial
Clear Height
18 ft
Sprinkler System
Yes
Amenities
security system
Building Details
Building Size
16,600 SF
Year Built
1997
Listed By:
Joseph Hauman, CCIM
(440) 591-3723
Source:
Naiglobal
Added: Apr 1
Changed: Sep 5
Last Checked: Aug 14 at 8:01AM
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 Joseph Hauman, CCIM
Investment Insights
Based on property information with market context.
This leased flex property is available for sale on a 100% occupied basis. The building offers approximately 18' clear height and is full sprinklered throughout. Recent capital exterior improvements have been completed, and the property includes a security system. On-site parking consists of 33 spaces in the front, with additional parking available in the rear.
The property is accessed from its front parking area and supports day-to-day operations with on-site lot parking arranged for vehicles arriving at the warehouse and flex improvements.
Overall, the configuration combines warehouse-style clear height with flex utility, under a fully leased operating profile.
The property is accessed from its front parking area and supports day-to-day operations with on-site lot parking arranged for vehicles arriving at the warehouse and flex improvements.
Overall, the configuration combines warehouse-style clear height with flex utility, under a fully leased operating profile.
Key Highlights
- 16,800 SF flex property built in 1997
- 100% leased with full occupancy
- 18' clear height
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
$66,590
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
4.16%
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%
$1,331,800
$1.3M
Cap Rate 7%
$951,286
$951.3K
Cap Rate 9%
$739,889
$739.9K
Market Conditions
NOI Build-Up for 16,800 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
$98.8K $5.88/SF
− Vacancy
−$3.7K −$0.22/SF
EGI
$95.1K $5.66/SF
− OpEx
−$28.5K −$1.70/SF
NOI
$66.6K $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 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%
$1,331,800
Cap Rate 7%
$951,286
Cap Rate 9%
$739,889
Alternative Uses
Best Use
Industrial
$951.3K
$832.4K – $1.11M
NOI $66,590 @ 7.0% cap · market cap 4.16%
Second Best
Flex RnD
$865.3K
$757.2K – $1.01M
NOI $60,572 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,601 @ 7.0% cap · market cap 18.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
100%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Well-served
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property is 100% leased and features 18' clear height, full sprinklers, and recent exterior capital improvements.
Where is this flex space located?
The property is located at 2241 Pinnacle Pkwy Twinsburg, OH.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 16,800 SF flex property built in 1997; 100% leased with full occupancy; 18' clear height
