Turnkey Office and Retail
For Sale
$495,000
355 N Main St, Munroe Falls, OH 44262
Turnkey 2,500-square-foot building with flexible space and walk-out lower level for expansion or multiple uses.
Property Size2,400 SF
Price / SF$206.25
Days on Market97
Property Features for 355 N Main St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Office
Zoning
R-4
Additional Details
Business Included
Yes
Building Details
Building Size
2,400 SF
Listing Agency:
Hoff & Leigh
(330) 940-9360
Listed By:
Craig DeLorenzo · License #SAL.2009004403
(330) 620-0799
Source:
Hoffleigh
Added: Jun 2
Changed: Sep 4
Last Checked: Sep 5 at 3:38AM
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
Investment Insights
Based on property information with market context.
Located at 355 N Main Street in Munroe Falls, Ohio, this beautifully maintained commercial building totals 2,500 square feet of turnkey office space currently operating as a real estate office. The property is presented in excellent condition and is described as ready for immediate occupancy, with a professional, welcoming layout designed to support business use.
An additional 1,500 square feet of lower level unfinished space is included, featuring walk-out access. That configuration can support additional office space or be adapted for multi-tenant use, depending on how the new owner/operator chooses to develop the lower level.
The overall layout and flexible floor plan make the space workable for a range of professional and service-oriented users. The property is specifically described as suitable for professional offices, medical, financial services, insurance, and boutique retail, among other possibilities. Whether you are looking for an operating location today or planning to leverage the walk-out lower level for growth or separate occupancy, this property provides a practical, move-in-ready option in Munroe Falls.
An additional 1,500 square feet of lower level unfinished space is included, featuring walk-out access. That configuration can support additional office space or be adapted for multi-tenant use, depending on how the new owner/operator chooses to develop the lower level.
The overall layout and flexible floor plan make the space workable for a range of professional and service-oriented users. The property is specifically described as suitable for professional offices, medical, financial services, insurance, and boutique retail, among other possibilities. Whether you are looking for an operating location today or planning to leverage the walk-out lower level for growth or separate occupancy, this property provides a practical, move-in-ready option in Munroe Falls.
Key Highlights
- 2,500‑SF office building at 355 N Main Street, Munroe Falls, OH 44262
- Currently operating as a real estate office with space ready for immediate occupancy
- Additional 1,500‑SF lower level with walk‑out access for potential expansion or multi‑tenant use
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
$28,385
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
5.73%
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%
$567,700
$567.7K
Cap Rate 7%
$405,500
$405.5K
Cap Rate 9%
$315,389
$315.4K
Market Conditions
NOI Build-Up for 2,400 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
$40.6K $16.92/SF
− Vacancy
−$2.8K −$1.15/SF
EGI
$37.8K $15.77/SF
− OpEx
−$9.5K −$3.94/SF
NOI
$28.4K $11.83/SF
Area
Summit County, OH
Vacancy
6.80%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
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%
$567,700
Cap Rate 7%
$405,500
Cap Rate 9%
$315,389
Alternative Uses
Best Use
Office B
$405.5K
$354.8K – $473.1K
NOI $28,385 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.0K
$515.4K – $687.2K
NOI $41,229 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 44262, OH
5,020
Population
2,290
Households
2.2
Avg Household Size
47
Median Age
38%
College-Educated
95%
High-School Grad
2.7 sq mi
ZIP Area
1,859
Density / Sq Mi
$75,089
Median Household Income
$44,016
Median Earnings
$223,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Turnkey 2,500-square-foot building with flexible space and walk-out lower level for expansion or multiple uses.
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‑SF office building at 355 N Main Street, Munroe Falls, OH 44262; Currently operating as a real estate office with space ready for immediate occupancy; Additional 1,500‑SF lower level with walk‑out access for potential expansion or multi‑tenant use
