Mixed-Use Property with Open
New
For Sale
$279,000
2715 2nd Street, Cuyahoga Falls, OH 44221
Commercial space offers a broad open area, a small office, and a bathroom in a high-traffic area near the highway.
Property Size3,792 SF
Price / SF$73.58
Days on Market3
Property Features for 2715 2nd Street
General Information
Standard status
Active
Size
3,792 SF
Property subtype
Mixed Use
Building Details
Year Built
1966
Listing Agency:
Coldwell Banker Commercial Schmidt Realty Akron
Listed By:
Barry Shaffer · License #0000428441
(330) 620-3547
Source:
Cbcworldwide
Added: Sep 12
Last Checked: Sep 14 at 5:10AM
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 Coldwell Banker Commercial Schmidt Realty Akron
Investment Insights
Based on property information with market context.
Located at 2715 2nd Street in Cuyahoga Falls, Ohio, this mixed-use property contains 3,792 square feet of interior space. The configuration centers on a broad, open area complemented by a small office and a bathroom, providing a straightforward layout for a range of commercial operations.
Built in 1966, the property sits in a high-traffic area close to the highway. Its open interior and limited partitioning create a flexible physical setup for businesses seeking functional commercial space in Cuyahoga Falls.
Built in 1966, the property sits in a high-traffic area close to the highway. Its open interior and limited partitioning create a flexible physical setup for businesses seeking functional commercial space in Cuyahoga Falls.
Key Highlights
- 3,792 square feet of mixed‑use commercial space
- Broad open interior with a small office and bathroom
- Built in 1966
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
$15,030
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
5.39%
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%
$300,600
$300.6K
Cap Rate 7%
$214,714
$214.7K
Cap Rate 9%
$167,000
$167.0K
Market Conditions
NOI Build-Up for 3,792 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
$22.3K $5.88/SF
− Vacancy
−$825 −$0.22/SF
EGI
$21.5K $5.66/SF
− OpEx
−$6.4K −$1.70/SF
NOI
$15.0K $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 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%
$300,600
Cap Rate 7%
$214,714
Cap Rate 9%
$167,000
Alternative Uses
Best Use
Mixed Use
$548.5K
$479.9K – $639.9K
NOI $38,394 @ 7.0% cap · market cap 13.76%
Second Best
Industrial
$214.7K
$187.9K – $250.5K
NOI $15,030 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$930.6K
$814.3K – $1.09M
NOI $65,141 @ 7.0% cap · market cap 23.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space offers a broad open area, a small office, and a bathroom in a high-traffic area near the highway.
Where is this mixed-use property located?
The property is located at 2715 2nd Street Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 3,792 square feet of mixed‑use commercial space; Broad open interior with a small office and bathroom; Built in 1966
