Restaurant/Retail Opportunity on Darrow
For Sale
Contact for pricing
3983 Darrow Rd, Stow, OH
7,098 SF space on 2.56 acres, ideal for restaurant/retail.
Property Size7,098 SF
Lot Size2.54 Acres
Price / SF$93.69
Days on Market356
Property Features for 3983 Darrow Rd
General Information
Standard status
Active
Size
7,098 SF
Lot size
2.54 Acres
Property subtype
RETAIL
Listing Agency:
NAI Pleasant Valley - Akron
(330) 352-7746
Listed By:
David Whyte · License #SAL.2018002884
(330) 352-7746
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:28PM
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 NAI Pleasant Valley - Akron
Investment Insights
Based on property information with market context.
This 7,098 square-foot property is available for sale on 2.56 acres. Zoned RB (Residential/Business), the property features a large parking lot with asphalt/blacktop. The interior includes a large entryway, a large kitchen and dining area, and recently updated restrooms. Located on busy Darrow Road, the property was formerly a successful Italian restaurant. It presents an opportunity for restaurant or retail use.
Key Highlights
- Great location on busy Darrow Road
- Large parking lot: asphalt/blacktop
- Zoning: RB (Residential/Business)
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
$44,971
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
6.76%
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%
$899,420
$899.4K
Cap Rate 7%
$642,443
$642.4K
Cap Rate 9%
$499,678
$499.7K
Market Conditions
NOI Build-Up for 7,098 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
$66.4K $9.36/SF
− Vacancy
−$2.2K −$0.31/SF
EGI
$64.2K $9.05/SF
− OpEx
−$19.3K −$2.72/SF
NOI
$45.0K $6.34/SF
Area
Summit County, OH
Vacancy
3.30%
Lease Rate
$9.36 /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%
$899,420
Cap Rate 7%
$642,443
Cap Rate 9%
$499,678
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,866 @ 7.0% cap · market cap 12.91%
Second Best
Retail
$642.4K
$562.1K – $749.5K
NOI $44,971 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,934 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
9,129 visits/mo
0.3 miles
Dollar General
Shops & Services
7,927 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Graze Craze Charcuterie Boards & Boxes — 3732 Darrow Rd #10, Stow, OH 44224
Frequently Asked Questions
What type of property is this?
Restaurant - 7,098 SF space on 2.56 acres, ideal for restaurant/retail.
Where is this restaurant located?
The property is located at 3983 Darrow Rd Stow, OH.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Great location on busy Darrow Road; Large parking lot: asphalt/blacktop; Zoning: RB (Residential/Business)
