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    Turnkey Office Building with Walk-Out Lower Level Title is generated by Realmo AI

    355 N Main St, Munroe Falls, OH 44262

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    Move-in ready office building with a second unfinished lower level offering walk-out access for expansion or flexible use.

    Type:OFFICE
    Property size:
    2,400 SF
    Price / SF:
    $206/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:38 am

    Property Features for 355 N Main St

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Craig DeLorenzo
    Craig DeLorenzo

    Listing agent Craig DeLorenzo License #SAL.2009004403

    Listing office Hoff & Leigh

    Listing date Jun 3, 2026

    Source Moodyscre

    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 Hoff & Leigh

    HighLights

    • 2,500‑square‑foot office building at 355 N Main Street, Munroe Falls, OH 44262
    • Additional 1,500‑square‑foot lower level unfinished space with walk‑out access for expansion or flexible use
    • Currently operating as a real estate office
    • Move‑in ready for immediate occupancy for professional or retail users
    • Flexible layout suitable for office or other business uses, including medical, financial services, insurance, or boutique retail

    Overview

    This well-maintained office building is offered as a turnkey opportunity and is currently operating as a real estate office. The property includes 2,500 square feet of ready-to-occupy space with a professional, welcoming layout, supported by additional potential in an extra 1,500 square feet of lower level unfinished space. That lower level features walk-out access, which can support additional office space or other configurations depending on how a tenant or user wants to utilize the area.

    The property is located at 355 N Main Street in Munroe Falls, Ohio. A central main-street setting can support a variety of professional and retail-oriented uses, and the listing highlights strong curb appeal along with parking.

    Because the building is described as suitable for multiple business types, it may fit professional office users as well as medical or financial services tenants. For buyers or operators who want space that can adapt over time, the combination of occupied-ready upper space and a walk-out unfinished lower level offers a practical path to add capacity or support a multi-tenant setup. The property is being offered for sale by a licensed real estate agent in Ohio. For details or a tour, contact Craig DeLorenzo at 330-620-0799.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $40.6k $16.92
    − Vacancy −$2.8k −$1.15
    EGI $37.8k $15.77
    − OpEx −$9.5k −$3.94
    NOI $28.4k $11.83
    2,400 SF · lease $16.92/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $405.5K
    $354.8K – $473.1K (±1% cap)
    NOI $28,385 @ 7.0% cap · market cap 5.73%
    Second Best
    Healthcare Medical
    $356.7K
    $312.1K – $416.1K (±1% cap)
    NOI $24,967 @ 7.0% cap · market cap 5.04%
    Theoretical Best
    Office A
    $589.0K
    $515.4K – $687.2K (±1% cap)
    NOI $41,229 @ 7.0% cap · market cap 8.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Harvest Home Realty ... Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Munroe Falls
    County
    Summit
    State
    Ohio
    Longitude
    -81.441556
    Latitude
    41.149153

    Nearby Similar for Sale

    • $89,900

      Move-In Ready Commercial Space

      End-unit commercial space with basement in prime location.
      46 Munroe Falls Avenue, Munroe Falls, OH 44262
      View Details
    • $72,000

      Office Condominium with Private Offices

      Well-maintained office condo with three private offices and two restrooms, plus on-site parking and Route 8 access.
      30 Munroe Falls Avenue, Munroe Falls, OH 44262
      View Details

    FAQs

    What type of property is this?
    Office building - Move-in ready office building with a second unfinished lower level offering walk-out access for expansion or flexible use.
    Where is this office building located?
    The property is located at 355 N Main St Munroe Falls, OH.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 2,500‑square‑foot office building at 355 N Main Street, Munroe Falls, OH 44262; Additional 1,500‑square‑foot lower level unfinished space with walk‑out access for expansion or flexible use; Currently operating as a real estate office
    (330) 620-0799 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Craig DeLorenzo
    Craig DeLorenzo
    Real Estate License ID: SAL.2009004403
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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