Office Condominium Units with Conference
For Sale
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2307 E Aurora Rd, Twinsburg, OH 44087
Five condominium units include office end space with full bullpen and a dedicated conference room.
Property Size4,793 SF
Price / SF$62.59
Days on Market270
Property Features for 2307 E Aurora Rd
General Information
Standard status
Active
Size
4,793 SF
Property subtype
OFFICE
Additional Details
Office Build-Out
9,733 SF
Office Units
2
Building Details
Year Built
1993
Listing Agency:
SVN Summit Commercial Real Estate Advisors
(234) 231-0200
Listed By:
Brian Foster · License #2021008191
(216) 327-1787
Source:
Moodyscre
Added: Feb 2
Changed: Oct 26
Last Checked: Oct 28 at 9:22AM
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 SVN Summit Commercial Real Estate Advisors
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Investment Insights
Based on property information with market context.
Built in 1993, this condominium property totals approximately 23,993 SF and consists of five individual units. There are two office end units totaling approximately 9,733 SF, plus three industrial flex units, each approximately 4,400 SF.
Office Unit B-1B includes 4,793 SF featuring a full bullpen, five offices, and a conference room. The property is located at 2307 E Aurora Rd in Twinsburg, OH 44087.
Office Unit B-1B includes 4,793 SF featuring a full bullpen, five offices, and a conference room. The property is located at 2307 E Aurora Rd in Twinsburg, OH 44087.
Key Highlights
- Built in 1993
- Five condominium units totaling approximately 23,993 SF
- Two office end units totaling approximately 9,733 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,998
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,960
$380.0K
Cap Rate 7%
$271,400
$271.4K
Cap Rate 9%
$211,089
$211.1K
Market Conditions
NOI Build-Up for 4,793 SF
Gross rent
$28.2K $5.88/SF
− Vacancy
−$1.0K −$0.22/SF
EGI
$27.1K $5.66/SF
− OpEx
−$8.1K −$1.70/SF
NOI
$19.0K $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%
$379,960
Cap Rate 7%
$271,400
Cap Rate 9%
$211,089
Alternative Uses
Best Use
Office B
$809.8K
$708.6K – $944.8K
NOI $56,687 @ 7.0% cap · market cap 18.90%
Second Best
Industrial
$271.4K
$237.5K – $316.6K
NOI $18,998 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,337 @ 7.0% cap · market cap 27.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Five condominium units include office end space with full bullpen and a dedicated conference room.
Where is this office unit located?
The property is located at 2307 E Aurora Rd Twinsburg, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Built in 1993; Five condominium units totaling approximately 23,993 SF; Two office end units totaling approximately 9,733 SF
