7-Unit Strip Retail
3249 Oakwood Drive, Cuyahoga Falls, OH 44221
For Sale
New
$1,500,000
The multi-unit center is fully leased to established commercial occupants.
Property Size12,999 SF
Price / SF$115.39
Days on Market5
Property Features for 3249 Oakwood Drive
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Tenancy
Listing Agency:
EXP Realty, LLC.
Listed By:
Andrew Prinios · License #2016002226
(216) 577-5446
Source:
Asacoxhomes
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 2:49PM
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 EXP Realty, LLC.
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Investment Insights
Based on property information with market context.
Built in 1955, this 12,999-square-foot strip retail center contains seven commercial units and is leased to three established tenants. Updates have been completed over the past eight years. Parking improvements include a concrete area behind the building and an asphalt lot at the front.
Located at 3249-3265 Oakwood Drive in Cuyahoga Falls, the property combines a multi-tenant layout with parking on both sides of the center.
Located at 3249-3265 Oakwood Drive in Cuyahoga Falls, the property combines a multi-tenant layout with parking on both sides of the center.
Key Highlights
- 12,999‑square‑foot center with 7 commercial units
- Leased to 3 established tenants
- Updates completed over the past 8 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,359
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,180
$1.6M
Cap Rate 7%
$1,176,557
$1.2M
Cap Rate 9%
$915,100
$915.1K
Market Conditions
NOI Build-Up for 12,999 SF
Gross rent
$121.7K $9.36/SF
− Vacancy
−$4.0K −$0.31/SF
EGI
$117.7K $9.05/SF
− OpEx
−$35.3K −$2.72/SF
NOI
$82.4K $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 Rate 5%
$1,647,180
Cap Rate 7%
$1,176,557
Cap Rate 9%
$915,100
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.37M
NOI $82,359 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M
NOI $223,305 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
15,194 visits/mo
0.1 miles
Shell
Shops & Services
8,077 visits/mo
0.4 miles
Fisher Auto Parts
Shops & Services
351 visits/mo
0.4 miles
Demographics for 44221, OH
29,601
Population
14,379
Households
2.1
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
6.4 sq mi
ZIP Area
4,625
Density / Sq Mi
$61,893
Median Household Income
$40,060
Median Earnings
$1,026
Median Rent
$160,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - The multi-unit center is fully leased to established commercial occupants.
Where is this strip mall located?
The property is located at 3249 Oakwood Drive Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12,999‑square‑foot center with 7 commercial units; Leased to 3 established tenants; Updates completed over the past 8 years
