Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Building in Fairlawn Title is generated by Realmo AI

    3550 West Market Street, Fairlawn, OH 44333

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr $12,582/Mo (calc)

    Two-story office building with recent renovations in a prime location.

    Type:Office
    Property size:
    9,151 SF
    Added:
    Nov 22, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 5 at 9:26 pm

    Property Features for 3550 West Market Street

    General Information

    Standard status
    Active
    Size
    9,151 SF
    Property subtype
    Office

    Spaces For Lease

    at 3550 West Market Street Contact us

    We can help!

    Listing Contact
    Katie Thome

    Listing agent Katie Thome

    Listing office CBRE | Cleveland

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Cleveland

    HighLights

    • Prime location in the Heart of Fairlawn at the intersection of Smith Road and West Market Street.
    • Recent renovations completed in 2025 including updated internet and security.
    • Second floor refreshed in 2025 with new paint and flooring.
    • Montrose service and amenities are just steps away.
    • Classic two‑story masonry structure.
    • Building renovated in 2013 with many updates.

    Overview

    This two-story masonry office building, formerly home to A. Schulman, underwent renovations in 2013 and further updates in 2025. The 2025 renovations included updated internet service, security upgrades, and refreshed paint and flooring on the second floor. The second floor offers various suite sizes and options. Located in Fairlawn at the intersection of Smith Road and West Market Street, the property is near Montrose services and amenities. The building has a total size of 9151 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairlawn
    County
    Summit
    State
    Ohio
    Longitude
    -81.627395
    Latitude
    41.134807

    Nearby Similar for Lease

    • $2,500/Mo

      Refined Office Space in Montrose

      Prestigious office space in Fairlawn's business corridor, move-in ready.
      822 Kumho Drive, Fairlawn, OH 44333
      View Details
    • $6,105/Mo
      4,900 SF

      Versatile Commercial Building in Fairlawn

      High-visibility commercial building with two suites and ample parking.
      70 N Miller Road, Fairlawn, OH 44333
      View Details
    • $3,350/Mo
      2,680 SF

      Fairlawn Office Space For Lease

      Flexible office suites available in a prime Fairlawn location.
      70 N Miller Road, Fairlawn, OH 44333
      View Details
    • $2,755/Mo
      2,680 SF

      Fairlawn Office Space For Lease

      Office suites available in a well-maintained building with high visibility.
      70 N Miller Road, Fairlawn, OH 44333
      View Details
    • $10 SF/Yr
      14,429 SF

      Fairlawn Office Sublease Opportunity

      Furnished office space available for sublease in Fairlawn.
      703 South Cleveland Massillon Road, Fairlawn, OH, 44333
      View Details
    • $2,958/Mo
      650 SF

      First Floor Office Suite

      Office suite with private entrance and highway access.
      3631 Brookwall Dr, Fairlawn, OH
      View Details
    • $15 SF/Yr
      2,150 SF

      Fairlawn Office Space Available

      Modern office space for rent in Fairlawn, Ohio.
      66 South Miller Road, Fairlawn, OH, 44333
      View Details
    • $18 SF/Yr
      18,099 SF

      Fairlawn Office Space For Lease

      Office suites available for lease in Fairlawn, Ohio.
      3560 West Market Street, Fairlawn, OH, 44333
      View Details
    • Contact for pricing
      7,000 SF

      Restaurant Space Near Summit Mall

      7,000 SF former restaurant space for lease.
      25 Ghent Road, Fairlawn, OH, 44333
      View Details
    • Contact for pricing
      2,000 SF

      Professional Office Space For Rent

      Well-located 2,000 SF office space in a desirable area.
      3535 S Smith Rd, Fairlawn, OH 44333
      View Details
    • $450/Mo
      150 SF

      Fairlawn Executive Office Suites

      Executive office suites for rent in Fairlawn, Ohio.
      123 S Miller Rd , Fairlawn, OH
      View Details
    • $12 SF/Yr
      672 SF

      Fairlawn Office Space For Rent

      Office campus in Fairlawn's West Market Corridor available for rent.
      3200-3250 W Market St, Fairlawn, OH
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with recent renovations in a prime location.
    Where is this office building located?
    The property is located at 3550 West Market Street Fairlawn, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the Heart of Fairlawn at the intersection of Smith Road and West Market Street.; Recent renovations completed in 2025 including updated internet and security.; Second floor refreshed in 2025 with new paint and flooring.
    (330) 670-4411
    We can help!
    Listing Contact
    Katie Thome
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3550 West Market Street, Fairlawn, OH, 44333
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!