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    Office Condominium with Private Offices Title is generated by Realmo AI

    30 Munroe Falls Avenue, Munroe Falls, OH 44262

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    Claim this Listing
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    For Sale
    $72,000

    SINGLE_FAMILY - Munroe Falls, OH

    Type:Office
    Property size:
    1,120 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $64/SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 30 Munroe Falls Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    5802002
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    COACH HOUSE COMMONS CONDOMINIUM UNIT 30 CAB A SL 393-397
    Tax Annual Amount
    1707

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Anthony W Shannon

    Listing agent Anthony W Shannon License #406383

    Listing office Berkshire Hathaway HomeServices Simon & Salhany Realty 205 W Portage Trail, Cuyahoga Falls, OH

    Listing date Jun 1, 2026

    MLS# 5215695

    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.

    HighLights

    • 1,120‑square‑foot downtown Munroe Falls office condominium
    • 1984 build with electric heating and central air conditioning
    • Interior includes three private offices and two restrooms
    • Parking lot on‑site for client and employee convenience
    • Public water and public sewer
    • Shingle/asphalt roof; suitable layout for professional or service‑related uses

    Overview

    This well-maintained office condominium offers approximately 1,120 square feet of professional space configured for private work. The layout includes three private offices and two restrooms, providing a practical setup for a range of office-based and service-oriented businesses. The property is described as suitable for professional, medical, financial, insurance, or service-related operations, with the day-to-day workflow supported by a functional plan.

    Located at 30 Munroe Falls Avenue in Munroe Falls, the property is positioned for convenient client and employee access. The offering notes ample on-site parking, as well as visibility and easy access to Route 8 and surrounding Summit County communities, including Stow and Cuyahoga Falls.

    For an owner-occupant, this configuration supports a straightforward transition into a dedicated office presence with multiple exam or consult-style rooms represented by the private offices and restroom capacity for both staff and visitors. For investors, it presents a compact, well-specified office condo format with internal rooming that can accommodate a variety of professional and service uses, while on-site parking and roadway access support routine customer visits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Munroe Falls
    County
    Summit
    State
    Ohio
    Longitude
    -81.440796
    Latitude
    41.140257

    Nearby Similar for Sale

    • $89,900

      Move-In Ready Commercial Space

      End-unit commercial space with basement in prime location.
      46 Munroe Falls Avenue, Munroe Falls, OH 44262
      View Details
    • $495,000
      2,400 SF

      Turnkey Office Building with Walk-Out Lower Level

      Move-in ready office building with a second unfinished lower level offering walk-out access for expansion or flexible use.
      355 N Main St, Munroe Falls, OH 44262
      View Details

    FAQs

    What type of property is this?
    Office units - Well-maintained office condo with three private offices and two restrooms, plus on-site parking and Route 8 access.
    Where is this office units located?
    The property is located at 30 Munroe Falls Avenue Munroe Falls, OH.
    What is the asking price?
    The asking price for this property is $72,000.
    What are key features of this property?
    This property features: 1,120‑square‑foot downtown Munroe Falls office condominium; 1984 build with electric heating and central air conditioning; Interior includes three private offices and two restrooms
    (330) 807-6403
    We can help!
    Listing Contact
    Anthony W Shannon
    Real Estate License ID: 406383
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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