7-Unit Strip Retail
New
For Sale
$1,500,000
3249 Oakwood Drive, Cuyahoga Falls, OH 44221
CommercialSale, Cuyahoga Falls, OH
Property Size12,999 SF
Lot Size0.53 Acres
Price / SF$115.39
Days on Market2
Property Features for 3249 Oakwood Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
48
Elementary school district
Cuyahoga Falls CSD - 7705
Middle school district
Cuyahoga Falls CSD - 7705
High school district
Cuyahoga Falls CSD - 7705
Directions
Wyoga lake rd turns into Oakwoood dr at Graham rd or South off Graham
Standard status
Active
APN
0220743
Lot size
0.53 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
REALLOTMENT OF FRIEDHAVEN LOTS 62-64 ALL LOT 65 PT & PT VAC SERVICE CT PB 37 PG 75
Tax Annual Amount
5600
Legal Description
REALLOTMENT OF FRIEDHAVEN LOTS 62-64 ALL LOT 65 PT & PT VAC SERVICE CT PB 37 PG 75
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Number of units
7
Roof type
Membrane
Buildings
1
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Andrew Prinios · License #2016002226
(216) 577-5446
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 3:06PM
MLS# 5257561
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12,999-square-foot strip retail property contains seven commercial units and is fully leased to three tenants. The 0.528-acre site includes a rear concrete parking area and a front asphalt lot. Improvements have been made over the past eight years, and the building has forced-air natural gas heating, central air conditioning, a membrane roof, public water, and public sewer.
Key Highlights
- 12,999‑square‑foot strip center on a 0.528‑acre lot
- Seven commercial units leased to three tenants
- Rear concrete parking area and front asphalt parking lot
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Three tenants occupy the center’s seven commercial suites, alongside parking areas surfaced in concrete and asphalt.
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 strip center on a 0.528‑acre lot; Seven commercial units leased to three tenants; Rear concrete parking area and front asphalt parking lot
