Two-Story Office Building with
For Sale
$1,995,000
30670 Bainbridge Road, Solon, OH 44139
Modern two-story office building offers a flexible layout with private offices, conference space, and on-site parking.
Property Size10,560 SF
Price / SF$199.50
Days on Market55
Property Features for 30670 Bainbridge Road
General Information
Standard status
Active
Size
10,560 SF
Zoning
Commercial
Occupancy
100%
Net Operating Income
$56,435
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$17,687
Amenities
PrivateRestrooms, PublicRestrooms, ReceptionArea, Signs, Storage, WiFi
Ceiling Fan(s)
Forced Air
Storage
Additional Parking, Concrete, On Site, Paved, Parking Lot
Building Details
Building Size
10,560 SF
Year Built
1986
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty Dayton
(216) 317-3463
Listed By:
Chrissy Kovanda
(216) 317-3463
Source:
Evrealestate
Added: Jul 3
Changed: Aug 24
Last Checked: Aug 26 at 5:47AM
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 Berkshire Hathaway HomeServices Professional Realty Dayton
Investment Insights
Based on property information with market context.
This two-story commercial office building provides a flexible floor plan designed for a range of workplace needs. The space includes private offices, conference rooms, and collaborative work areas, supported by abundant natural light, high ceilings, and modern finishes. Secure access and ample on-site parking are included, supporting day-to-day operations for staff and visitors.
The property is located at 30670 Bainbridge Rd in Solon, positioned next to Nestle USA. It is also described as being conveniently located near major highways, giving tenants and clients multiple routes for access.
As a for-sale offering, the building is listed as fully occupied with NNN lease terms. The interior configuration, including both private and shared work areas plus meeting space, can fit professional services, office-based teams, and other businesses seeking a managed, ready-to-operate office environment.
The property is located at 30670 Bainbridge Rd in Solon, positioned next to Nestle USA. It is also described as being conveniently located near major highways, giving tenants and clients multiple routes for access.
As a for-sale offering, the building is listed as fully occupied with NNN lease terms. The interior configuration, including both private and shared work areas plus meeting space, can fit professional services, office-based teams, and other businesses seeking a managed, ready-to-operate office environment.
Key Highlights
- Two‑story commercial office building built in 1986
- 10,000 SF flex/office space with a flexible floor plan
- Includes private offices, conference rooms, and/or collaborative workspaces
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
$107,361
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
5.38%
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%
$2,147,220
$2.1M
Cap Rate 7%
$1,533,729
$1.5M
Cap Rate 9%
$1,192,900
$1.2M
Market Conditions
NOI Build-Up for 10,000 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
$189.6K $18.96/SF
− Vacancy
−$46.5K −$4.65/SF
EGI
$143.1K $14.31/SF
− OpEx
−$35.8K −$3.58/SF
NOI
$107.4K $10.74/SF
Area
Cuyahoga County, OH
Vacancy
24.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$2,147,220
Cap Rate 7%
$1,533,729
Cap Rate 9%
$1,192,900
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,361 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.01M
$7.01M – $9.35M
NOI $560,870 @ 7.0% cap · market cap 28.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 44139, OH
25,331
Population
9,347
Households
2.7
Avg Household Size
44
Median Age
63%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
1,106
Density / Sq Mi
$134,924
Median Household Income
$73,281
Median Earnings
$1,468
Median Rent
$373,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modern two-story office building offers a flexible layout with private offices, conference space, and on-site parking.
Where is this office building located?
The property is located at 30670 Bainbridge Road Solon, OH.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Two‑story commercial office building built in 1986; 10,000 SF flex/office space with a flexible floor plan; Includes private offices, conference rooms, and/or collaborative workspaces
