Retail Investment
For Sale
Contact for pricing
Pending
2925 State Rd, Cuyahoga Falls, OH 44223
Retail property with 10.74% CAP rate for sale.
Property Size34,785 SF
Days on Market158
Property Features for 2925 State Rd
General Information
Standard status
Pending
Size
34,785 SF
Property subtype
Retail, Special Purpose
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Net Lease
Building Details
Year Built
2015
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Columbus
(216) 264-2000
Listed By:
Craig Fuller · License #OH 2008001551
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Jul 24 at 6:53PM
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 Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
This retail property offers an investment opportunity with a 10.74% capitalization rate. The building has a size of 34,785 square feet and is located in Cuyahoga Falls, Ohio.
Key Highlights
- 10.74% CAP Rate
- 34,785 SqFt Retail Space
- Built in 2015
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
$220,390
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
5.36%
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%
$4,407,800
$4.4M
Cap Rate 7%
$3,148,429
$3.1M
Cap Rate 9%
$2,448,778
$2.4M
Market Conditions
NOI Build-Up for 34,785 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
$325.6K $9.36/SF
− Vacancy
−$10.7K −$0.31/SF
EGI
$314.8K $9.05/SF
− OpEx
−$94.5K −$2.72/SF
NOI
$220.4K $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 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%
$4,407,800
Cap Rate 7%
$3,148,429
Cap Rate 9%
$2,448,778
Alternative Uses
Best Use
Retail
$3.15M
$2.75M – $3.67M
NOI $220,390 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.54M
$7.47M – $9.96M
NOI $597,558 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
361k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Groceries 24%
Shops & Services 19%
Leisure 11%
Market District Supermarket
Groceries
66,639 visits/mo
0.3 miles
Cinemark Cuyahoga Falls and XD
Leisure
40,250 visits/mo
0.0 miles
GetGo Gas Station
Shops & Services
31,764 visits/mo
0.2 miles
Menards
Home Improvements & Furnishings
31,538 visits/mo
0.3 miles
Marc's
Groceries
19,214 visits/mo
0.2 miles
Demographics for 44223, OH
18,388
Population
8,846
Households
2.1
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
14.8 sq mi
ZIP Area
1,242
Density / Sq Mi
$89,046
Median Household Income
$51,385
Median Earnings
$1,056
Median Rent
$202,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property with 10.74% CAP rate for sale.
Where is this retail property located?
The property is located at 2925 State Rd Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $4,115,000.
What are key features of this property?
This property features: 10.74% CAP Rate; 34,785 SqFt Retail Space; Built in 2015
