Office and Residential Mixed-Use
For Sale
$329,900
4001 S Cleveland Massillon Road, Barberton, OH 44203
The existing configuration pairs professional office space with a separate residential living area.
Property Size2,344 SF
Price / SF$140.74
Days on Market216
Property Features for 4001 S Cleveland Massillon Road
General Information
Standard status
Active
Size
2,344 SF
Property subtype
Mixed Use
Additional Details
Condition
Turnkey
Property Use
Insurance Office
Taxes and HOA fees
Annual Taxes
$2,551
Building Details
Building Size
2,344 SF
Year Built
1941
Listing Agency:
Richfield Realty Group LLC
Listed By:
Joseph Asher · License #2025001231
(330) 714-9724
Source:
Lifestagesrealty
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 26 at 2:32PM
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
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Investment Insights
Based on property information with market context.
This 2,344-square-foot mixed-use property, built in 1941, is configured with an insurance office and a separate residential living area. Exterior work includes new siding and a replacement roof. A detached two-car garage and an expanded parking lot provide additional property features.
Key Highlights
- 2,344‑square‑foot mixed‑use property
- Currently configured with an insurance office and separate residential living area
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,723
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
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
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 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 8.40%
Second Best
Mixed Use
$339.0K
$296.7K – $395.6K
NOI $23,733 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$575.2K
$503.3K – $671.1K
NOI $40,267 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The existing configuration pairs professional office space with a separate residential living area.
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 $329,900.
What are key features of this property?
This property features: 2,344‑square‑foot mixed‑use property; Currently configured with an insurance office and separate residential living area; Detached two‑car garage
