Mixed-Use Property with
For Sale
$370,000
4001 S Cleveland Massillon Road, Barberton, OH 44203
Remodeled exterior supports separate office and residential areas within a flexible commercial property.
Property Size2,344 SF
Days on Market158
Property Features for 4001 S Cleveland Massillon Road
General Information
Standard status
Active
Size
2,344 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,551
Building Details
Building Size
2,344 SF
Year Built
1941
Listing Agency:
Richfield Realty Group LLC
(330) 714-9724
Listed By:
Joseph Asher
(330) 714-9724
Source:
Carolgoffrealestate
Added: Mar 26
Changed: Aug 28
Last Checked: Aug 29 at 10:17AM
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 Richfield Realty Group LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines a private office area with a distinct residential living section, creating separate commercial and residential components under one roof. The current configuration supports office operations alongside residential occupancy, while the layout can be adjusted for continued mixed use or other configurations described in the property information.
Exterior improvements include new siding, a new roof, and updated curb appeal. A detached 2-car garage adds parking, storage, or tenant-use flexibility, and the expanded parking lot provides additional on-site capacity. Built in 1941, the property is positioned along a high-visibility corridor with access to major routes, local commerce, and surrounding communities.
Exterior improvements include new siding, a new roof, and updated curb appeal. A detached 2-car garage adds parking, storage, or tenant-use flexibility, and the expanded parking lot provides additional on-site capacity. Built in 1941, the property is positioned along a high-visibility corridor with access to major routes, local commerce, and surrounding communities.
Key Highlights
- Separate office and residential components
- New siding and new roof
- Detached 2‑car garage
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
$27,723
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
7.49%
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%
$554,460
$554.5K
Cap Rate 7%
$396,043
$396.0K
Cap Rate 9%
$308,033
$308.0K
Market Conditions
NOI Build-Up for 2,344 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
$39.7K $16.92/SF
− Vacancy
−$2.7K −$1.15/SF
EGI
$37.0K $15.77/SF
− OpEx
−$9.2K −$3.94/SF
NOI
$27.7K $11.83/SF
Area
Summit County, OH
Vacancy
6.80%
Lease Rate
$16.92 /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%
$554,460
Cap Rate 7%
$396,043
Cap Rate 9%
$308,033
Alternative Uses
Best Use
Office B
$396.0K
$346.5K – $462.1K
NOI $27,723 @ 7.0% cap · market cap 7.49%
Second Best
Mixed Use
$339.0K
$296.7K – $395.6K
NOI $23,733 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$575.2K
$503.3K – $671.1K
NOI $40,267 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 44203, OH
39,577
Population
18,198
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
35.0 sq mi
ZIP Area
1,131
Density / Sq Mi
$59,124
Median Household Income
$36,954
Median Earnings
$832
Median Rent
$148,300
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?
Mixed-use property - Remodeled exterior supports separate office and residential areas within a flexible commercial property.
Where is this mixed-use property located?
The property is located at 4001 S Cleveland Massillon Road Barberton, OH.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Separate office and residential components; New siding and new roof; Detached 2‑car garage
