Renovated Two-Story
2850 W Market Street, Fairlawn, OH 44333
For Sale
$1,250,000
Under Contract
CommercialSale, Fairlawn, OH
Property Size5,778 SF
Lot Size0.61 Acres
Price / SF$216.34
Days on Market92
Property Features for 2850 W Market Street
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
updated common areas
quality interior improvements
rooftop HVAC systems
generous shared parking
Building Details
Year built
Roof type
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 835-4900
Listed By:
Gina Luisi · License #2016005084
(330) 814-4747
Added: Aug 8
Changed: Nov 6
Last Checked: Nov 7 at 11:06AM
MLS# 5230608
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.
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Investment Insights
Based on property information with market context.
This two-story storefront property contains approximately 5,778 square feet of commercial space configured for retail and office use. The 1974 building was renovated in 2018 and features brick construction, updated common areas, interior improvements, rooftop HVAC systems, a flat roof, central air, and natural gas forced-air heating. Public water and public sewer serve the property.
The asset occupies 0.6136 acres at 2850 W Market Street in Fairlawn, within an established commercial district surrounded by retail, restaurants, medical facilities, and professional offices. A shared parking lot supports the building. Four tenants currently have established leases, while the operating business is excluded from the sale.
The asset occupies 0.6136 acres at 2850 W Market Street in Fairlawn, within an established commercial district surrounded by retail, restaurants, medical facilities, and professional offices. A shared parking lot supports the building. Four tenants currently have established leases, while the operating business is excluded from the sale.
Key Highlights
- Approximately 5,778 square feet of retail and office space
- Two‑story brick building renovated in 2018
- Four tenants with established leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,337
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,740
$1.4M
Cap Rate 7%
$976,243
$976.2K
Cap Rate 9%
$759,300
$759.3K
Market Conditions
NOI Build-Up for 5,778 SF
Gross rent
$97.8K $16.92/SF
− Vacancy
−$6.6K −$1.15/SF
EGI
$91.1K $15.77/SF
− OpEx
−$22.8K −$3.94/SF
NOI
$68.3K $11.83/SF
Area
Summit County, OH
Vacancy
6.80%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,740
Cap Rate 7%
$976,243
Cap Rate 9%
$759,300
Alternative Uses
Best Use
Office B
$976.2K
$854.2K – $1.14M
NOI $68,337 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$523.0K
$457.6K – $610.1K
NOI $36,608 @ 7.0% cap · market cap 2.93%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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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Market
Properties on Market for Storefront properties in Summit County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property with established leases, shared parking, and retail-office functionality.
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: Approximately 5,778 square feet of retail and office space; Two‑story brick building renovated in 2018; Four tenants with established leases
