Stow Office/Warehouse Flex
For Sale
$1,650,000
3747-3781 Fishcreek Rd, Stow, OH 44224
Office and flex buildings on 4.55 acres in Stow.
Property Size21,738 SF
Price / SF$75.90
Days on Market273
Property Features for 3747-3781 Fishcreek Rd
General Information
Standard status
Active
Size
21,738 SF
Property subtype
Office
Building Details
Year Built
1989
Listing Agency:
SVN Summit Commercial Real Estate Advisors
(330) 703-5283
Listed By:
Graydon Fox · License #OH #SAL2019006700
(330) 703-5283
Source:
Svnsummitcommercial
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 21 at 4:22AM
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 SVN Summit Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This property features a 9,540 square foot free-standing corporate office building and a 12,198 square foot multi-tenant office/warehouse flex building, situated on 4.55 acres. Located in Stow, Ohio, at the corner of Fishcreek Road and Greenlawn Drive, the property offers convenient access to State Routes 59 and 91. Constructed in 1989, both buildings are in good condition, with roof replacements completed in 2012. The property is approximately 6 minutes from downtown Kent and is located next to the new Stow-Kent Summa Hospital and across from national retail outlets and restaurants. The location benefits from a traffic count of 16,998 vehicles per day. This property presents an owner-user opportunity.
Key Highlights
- Owner‑user opportunity with a 9,540 SF office and a 12,198 SF flex building.
- Located in close proximity to State Routes 59 and 91, and approximately 10 minutes from SR‑8.
- Located next to the new Stow‑Kent Summa Hospital.
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
$86,163
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
5.22%
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%
$1,723,260
$1.7M
Cap Rate 7%
$1,230,900
$1.2M
Cap Rate 9%
$957,367
$957.4K
Market Conditions
NOI Build-Up for 21,738 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
$127.8K $5.88/SF
− Vacancy
−$4.7K −$0.22/SF
EGI
$123.1K $5.66/SF
− OpEx
−$36.9K −$1.70/SF
NOI
$86.2K $3.96/SF
Area
Summit County, OH
Vacancy
3.70%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
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%
$1,723,260
Cap Rate 7%
$1,230,900
Cap Rate 9%
$957,367
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.28M
NOI $257,097 @ 7.0% cap · market cap 15.58%
Second Best
Industrial
$1.23M
$1.08M – $1.44M
NOI $86,163 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$5.33M
$4.67M – $6.22M
NOI $373,429 @ 7.0% cap · market cap 22.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 44224, OH
38,709
Population
16,826
Households
2.3
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
1,898
Density / Sq Mi
$91,096
Median Household Income
$48,624
Median Earnings
$1,190
Median Rent
$243,500
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 - Office and flex buildings on 4.55 acres in Stow.
Where is this office building located?
The property is located at 3747-3781 Fishcreek Rd Stow, OH.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Owner‑user opportunity with a **9,540 SF office and a 12,198 SF flex building**.; Located in close proximity to State Routes 59 and 91, and approximately 10 minutes from SR‑8.; Located next to the new Stow‑Kent Summa Hospital.
