Updated Spa and Wellness
For Sale
$299,000
3088 Graham Road, Stow, OH 44224
CommercialSale, Stow, OH
Property Size1,688 SF
Lot Size1.27 Acres
Price / SF$177.13
Days on Market55
Property Features for 3088 Graham Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking features
Parking Lot
Elementary school district
Stow-Munroe Falls CS - 7714
Middle school district
Stow-Munroe Falls CS - 7714
High school district
Stow-Munroe Falls CS - 7714
Directions
OH-8 S to Graham Rd in Stow. Take exit 7 from OH-8 S. Follow Graham Rd to your destination.
Standard status
Active
APN
5600585
Lot size
1.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7820
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Roof type
Asphalt
Listing Agency:
Century 21 Homestar · Century 21 Real Estate
(440) 449-9100
Listed By:
Patrick Bauman · License #2026001818
(330) 813-9151
Added: Jun 28
Changed: Aug 20
Last Checked: Aug 21 at 4:06PM
MLS# 5223187
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.
Investment Insights
Based on property information with market context.
This 1,688-square-foot commercial property is configured for spa and wellness use, with two private treatment rooms and an open main-level layout. The space is currently operating as a hair and nail salon and includes a basement for storage. Interior updates, natural light, central air, and forced-air heating support day-to-day operations. The property was built in 1950 and has an asphalt roof.
Set on 1.27 acres at 3088 Graham Road in Stow, the site offers prominent street frontage and drive-by exposure. A parking lot serves the property, while public water and public sewer are in place. The existing configuration provides a foundation for continued salon operations or another supported commercial use.
Set on 1.27 acres at 3088 Graham Road in Stow, the site offers prominent street frontage and drive-by exposure. A parking lot serves the property, while public water and public sewer are in place. The existing configuration provides a foundation for continued salon operations or another supported commercial use.
Key Highlights
- 1,688‑square‑foot commercial property configured with two private treatment rooms
- Currently operating as a hair and nail salon
- 1.27‑acre parcel with prominent street frontage and drive‑by exposure
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
Single-tenant
Tenancy
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?
Spa & wellness property - Existing salon layout includes treatment rooms, basement storage, and a large commercial parcel.
Where is this spa & wellness property located?
The property is located at 3088 Graham Road 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‑square‑foot commercial property configured with two private treatment rooms; Currently operating as a hair and nail salon; 1.27‑acre parcel with prominent street frontage and drive‑by exposure
