Listing Agency: CBRE | Cleveland

Listed By: Vince Mingo · License #2019001372 Show Phone

Source: Cbre

Added: May 8 Changed: Oct 25 Last Checked: Oct 24 at 3:11PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The property is a freestanding former bank building with a total size of 4,185 SF. It is situated on 1.24 acres and is being offered for sale.

The building’s standalone configuration supports independent access and operations on its parcel at 3793 Darrow Road in Stow, Ohio.

This asset is best suited for buyers seeking an existing freestanding commercial structure originally developed for bank use, with space currently defined by the former banking facility layout.

Key Highlights

• Freestanding former bank building totaling 4,185 SF
• Located on 1.24 acres
• Built in 1967

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,627

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,012,540 $1.0M

Cap Rate 7%

$723,243 $723.2K

Cap Rate 9%

$562,522 $562.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,185 SF

Gross rent

$69.8K $16.68/SF

− Vacancy

−$2.3K −$0.55/SF

EGI

$67.5K $16.13/SF

− OpEx

−$16.9K −$4.03/SF

NOI

$50.6K $12.10/SF

Area

Summit County, OH

Vacancy

3.30%

Lease Rate

$16.68 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,012,540

Cap Rate 7%

$723,243

Cap Rate 9%

$562,522

Alternative Uses

Best Use

Specialty Retail

$723.2K

$632.8K – $843.8K (±1% cap)

NOI $50,627 @ 7.0% cap · market cap 3.68%

Second Best

Retail

$378.8K

$331.4K – $441.9K (±1% cap)

NOI $26,515 @ 7.0% cap · market cap 1.93%

Theoretical Best

Office A

$1.03M

$898.7K – $1.20M (±1% cap)

NOI $71,893 @ 7.0% cap · market cap 5.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Banks

Suggested Use

Top Pick Law Firm Restaurant Hair Salon Auto Repair Shop Spa & Massage Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

384

Businesses Nearby

49k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 51% Groceries 46% Dining 3%

Marc's Groceries

22,625 visits/mo 0.3 miles

GetGo Gas Station Shops & Services

15,651 visits/mo 0.1 miles

Huntington Bank Shops & Services

6,026 visits/mo 0.1 miles

KeyBank Shops & Services

3,090 visits/mo 0.1 miles

Papa John's Pizza Dining

1,121 visits/mo 0.3 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Bank - Freestanding former bank building totaling 4,185 SF on 1.24 acres.

Where is this bank located?

The property is located at 3793 Darrow Road Stow, OH.

What is the asking price?

The asking price for this property is $1,375,000.

What are key features of this property?

This property features: Freestanding former bank building totaling 4,185 SF; Located on 1.24 acres; Built in 1967