Storefront Property with
For Sale
$1,250,000
2850 W Market Street, Fairlawn, OH 44333
Central air and natural gas forced-air heating serve the commercial space.
Property Size5,778 SF
Days on Market69
Property Features for 2850 W Market Street
General Information
Standard status
Active
Size
5,778 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$9,125
Amenities
Central Air
Natural Gas, Forced Air
On Site, Parking Lot
Building Details
Building Size
5,778 SF
Year Built
1974
Listing Agency:
Stouffer Realty Inc
Listed By:
Gina Luisi · License #2016005084
(330) 814-4747
Source:
Evrealestate
Added: Aug 17
Changed: Oct 23
Last Checked: Oct 24 at 5:18PM
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 Stouffer Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 2850 W Market Street in Fairlawn, this storefront property was built in 1974 and is zoned Commercial. The building has central air and natural gas forced-air heating, with a parking lot on site.
The property is on W Market Street between Miller and Revere Road in Summit County.
The property is on W Market Street between Miller and Revere Road in Summit County.
Key Highlights
- Storefront property at 2850 W Market Street, Fairlawn, OH 44333
- Built in 1974
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,608
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,160
$732.2K
Cap Rate 7%
$522,971
$523.0K
Cap Rate 9%
$406,756
$406.8K
Market Conditions
NOI Build-Up for 5,778 SF
Gross rent
$54.1K $9.36/SF
− Vacancy
−$1.8K −$0.31/SF
EGI
$52.3K $9.05/SF
− OpEx
−$15.7K −$2.72/SF
NOI
$36.6K $6.34/SF
Area
Summit County, OH
Vacancy
3.30%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,160
Cap Rate 7%
$522,971
Cap Rate 9%
$406,756
Alternative Uses
Best Use
Retail
$523.0K
$457.6K – $610.1K
NOI $36,608 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,258 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,596
Businesses Nearby
245k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 31%
Shops & Services 27%
Groceries 22%
Home Improvements & Furnishings 10%
Target
Superstores
76,116 visits/mo
0.2 miles
Giant Eagle Supermarket
Groceries
34,638 visits/mo
0.3 miles
GetGo Gas Station
Shops & Services
23,171 visits/mo
0.4 miles
HomeGoods
Home Improvements & Furnishings
22,556 visits/mo
0.4 miles
Marc's
Groceries
19,639 visits/mo
0.3 miles
Demographics for 44333, OH
19,449
Population
8,598
Households
2.3
Avg Household Size
49
Median Age
64%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
685
Density / Sq Mi
$119,313
Median Household Income
$63,920
Median Earnings
$1,232
Median Rent
$362,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Central air and natural gas forced-air heating serve the commercial space.
Where is this storefront property located?
The property is located at 2850 W Market Street Fairlawn, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Storefront property at 2850 W Market Street, Fairlawn, OH 44333; Built in 1974; Commercial zoning
