Updated Retail Space with Treatment
For Sale
$299,000
3088 Graham Rd, Stow, OH 44224
Updated 1,688 SF retail space with two private treatment rooms and basement storage on a 1.27-acre lot.
Property Size1,688 SF
Lot Size1.27 Acres
Price / SF$177.13
Days on Market69
Property Features for 3088 Graham Rd
General Information
Standard status
Active
Size
1,688 SF
Lot size
1.27 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,820
Listing Agency:
Century 21 Homestar
(440) 449-9100
Listed By:
Patrick Bauman · License #2026001818
(330) 813-9151
Source:
Exprealty
Added: Jun 29
Changed: Aug 20
Last Checked: Sep 4 at 9:36AM
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 Century 21 Homestar
Investment Insights
Based on property information with market context.
Located at 3088 Graham Rd, Stow, OH, this thoughtfully updated 1,688-square-foot commercial space is currently operating as a hair and nail salon. The interior includes an open layout with natural light and two private treatment rooms, supported by a practical configuration for day-to-day operations and transitions between spaces. A basement level provides additional storage to keep the main area organized.
The property sits on a 1.27-acre lot with prominent street frontage and steady drive-by traffic, helping maintain visibility and accessibility for passing customers. The site’s size also offers room for outdoor amenities and future expansion, depending on how the space is used moving forward.
The property sits on a 1.27-acre lot with prominent street frontage and steady drive-by traffic, helping maintain visibility and accessibility for passing customers. The site’s size also offers room for outdoor amenities and future expansion, depending on how the space is used moving forward.
Key Highlights
- 1,688 SF commercial space currently operating as a hair and nail salon
- Open layout with two private treatment rooms for client‑focused service and flexible use
- Basement provides storage to keep the main level uncluttered
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
$10,695
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
3.58%
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%
$213,900
$213.9K
Cap Rate 7%
$152,786
$152.8K
Cap Rate 9%
$118,833
$118.8K
Market Conditions
NOI Build-Up for 1,688 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
$15.8K $9.36/SF
− Vacancy
−$521 −$0.31/SF
EGI
$15.3K $9.05/SF
− OpEx
−$4.6K −$2.72/SF
NOI
$10.7K $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%
$213,900
Cap Rate 7%
$152,786
Cap Rate 9%
$118,833
Alternative Uses
Best Use
Retail
$152.8K
$133.7K – $178.3K
NOI $10,695 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
173k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 66%
Dining 22%
Shops & Services 12%
Meijer
Groceries
72,442 visits/mo
0.4 miles
Aldi
Groceries
30,276 visits/mo
0.4 miles
Dunkin' Donuts
Dining
14,310 visits/mo
0.2 miles
Malley's Chocolates
Groceries
11,228 visits/mo
0.1 miles
Burger King
Dining
9,286 visits/mo
0.1 miles
Demographics for 44224, OH
38,709
Population
16,826
Households
2.3
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
1,898
Density / Sq Mi
$91,096
Median Household Income
$48,624
Median Earnings
$1,190
Median Rent
$243,500
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?
Storefront property - Updated 1,688 SF retail space with two private treatment rooms and basement storage on a 1.27-acre lot.
Where is this storefront property located?
The property is located at 3088 Graham Rd Stow, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,688 SF commercial space currently operating as a hair and nail salon; Open layout with two private treatment rooms for client‑focused service and flexible use; Basement provides storage to keep the main level uncluttered
