Two-Level Mixed-Use
New
For Sale
$1,225,000
329 E Garfield Road, Aurora, OH 44202
CommercialSale, Aurora, OH
Property Size6,000 SF
Lot Size0.50 Acres
Price / SF$204.17
Days on Market2
Property Features for 329 E Garfield Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking features
Garage, Parking Lot
Elementary school district
Aurora CSD - 6701
Middle school district
Aurora CSD - 6701
High school district
Aurora CSD - 6701
Directions
Located on State Route 82, appx 1/4 mile east of State Route 306. 329 E Garfield, Aurora for GPS
Standard status
Active
APN
03-024-00-00-035-000
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 24 SE
Tax Annual Amount
12219
Legal Description
LOT 24 SE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1909
Roof type
Tar/Gravel, Elastomeric
Listing Agency:
RE/MAX Crossroads Properties · RE/MAX International
(330) 929-9278
Listed By:
Brant Jessel · License #436272
(330) 389-0636
Added: Oct 14
Last Checked: Oct 15 at 8:06AM
MLS# 5253149
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 two-story mixed-use property contains 6,000 square feet, with 3,000 square feet on each level. The first floor is occupied by a restaurant; the upper floor combines office space with a recording studio. The building was updated in 2009 and has an elastomeric roof described as approximately two years old. The 0.5-acre parcel includes a parking lot and garage, with public water and sewer service.
The property fronts State Route 82 on the east side of Aurora. A Snap Fitness facility occupies the adjoining property, and niche boutiques are located across the street. C1 zoning is identified as supporting more than 32 potential uses. Tenants pay all utilities.
The property fronts State Route 82 on the east side of Aurora. A Snap Fitness facility occupies the adjoining property, and niche boutiques are located across the street. C1 zoning is identified as supporting more than 32 potential uses. Tenants pay all utilities.
Key Highlights
- 6,000‑square‑foot building with 3,000 square feet per level
- Restaurant occupies the first floor; offices and a recording studio are upstairs
- C1 zoning with over 32 potential uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,327
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,540
$1.6M
Cap Rate 7%
$1,118,957
$1.1M
Cap Rate 9%
$870,300
$870.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$3.6K −$0.59/SF
EGI
$104.4K $17.41/SF
− OpEx
−$26.1K −$4.35/SF
NOI
$78.3K $13.05/SF
Area
Portage County, OH
Vacancy
3.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,540
Cap Rate 7%
$1,118,957
Cap Rate 9%
$870,300
Alternative Uses
Best Use
Specialty Retail
$1.12M
$979.1K – $1.31M
NOI $78,327 @ 7.0% cap · market cap 6.39%
Second Best
Mixed Use
$867.9K
$759.4K – $1.01M
NOI $60,750 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,599 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 44202, OH
22,167
Population
9,612
Households
2.3
Avg Household Size
46
Median Age
56%
College-Educated
97%
High-School Grad
30.3 sq mi
ZIP Area
732
Density / Sq Mi
$116,556
Median Household Income
$67,796
Median Earnings
$1,701
Median Rent
$356,000
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant, office, and recording studio space are arranged within a C1-zoned property with on-site parking.
Where is this mixed-use property located?
The property is located at 329 E Garfield Road Aurora, OH.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 6,000‑square‑foot building with 3,000 square feet per level; Restaurant occupies the first floor; offices and a recording studio are upstairs; C1 zoning with over 32 potential uses
