Freestanding Former Bank
For Sale
$1,375,000
3793 Darrow Road, Stow, OH 44224
Freestanding former bank building totaling 4,185 SF on 1.24 acres.
Property Size4,185 SF
Lot Size1.24 Acres
Price / SF$328.55
Days on Market124
Property Features for 3793 Darrow Road
General Information
Standard status
Active
Size
4,185 SF
Lot size
1.24 Acres
Property subtype
Retail
Listing Agency:
CBRE | Cleveland
Listed By:
Vince Mingo · License #2019001372
(216) 535-0188
Source:
Cbre
Added: May 8
Changed: Sep 8
Last Checked: Jul 25 at 6:03AM
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
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.
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 = 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
$50,627
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
3.68%
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%
$1,012,540
$1.0M
Cap Rate 7%
$723,243
$723.2K
Cap Rate 9%
$562,522
$562.5K
Market Conditions
NOI Build-Up for 4,185 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
$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 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%
$1,012,540
Cap Rate 7%
$723,243
Cap Rate 9%
$562,522
Alternative Uses
Best Use
Specialty Retail
$723.2K
$632.8K – $843.8K
NOI $50,627 @ 7.0% cap · market cap 3.68%
Second Best
Retail
$378.8K
$331.4K – $441.9K
NOI $26,515 @ 7.0% cap · market cap 1.93%
Theoretical Best
Office A
$1.03M
$898.7K – $1.20M
NOI $71,893 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
