Visible Office Unit for
For Sale
Contact for pricing
4222 State Route 43, Kent, OH 44240
For sale office unit in a two-unit building, available now and sized to support a range of professional uses.
Property Size1,176 SF
Price / SF$157.31
Days on Market56
Property Features for 4222 State Route 43
General Information
Standard status
Active
Size
1,176 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Listing Agency:
Cutler Real Estate | Commercial
(330) 327-3393
Listed By:
Steve Burgess · License #2003001789
(330) 327-3393
Source:
Moodyscre
Added: Jun 25
Changed: Aug 14
Last Checked: Aug 18 at 11:22AM
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 Cutler Real Estate | Commercial
Investment Insights
Based on property information with market context.
This offering presents a for-sale office unit within a two-unit commercial building. Unit B is available now and provides 1,176 square feet of office space. The property is presented as a well-sized standalone unit with visibility intended to support day-to-day business needs.
Located at 4222 State Route 43 in Kent, Ohio 44240, the building is described as having fantastic visibility. Because the overall structure consists of two units, the available space is positioned as a clear option for tenants or buyers seeking an office environment without committing to a full building footprint.
Unit B can fit a variety of office users that need a dedicated, appropriately sized suite for operations. Its configuration as an individual office unit within a smaller, two-tenant building may appeal to professionals looking for an ownership or occupancy setup that is more manageable than larger multi-tenant facilities. If you’re evaluating office space in the Kent area, this unit’s combination of size and visibility is central to the opportunity being offered.
Located at 4222 State Route 43 in Kent, Ohio 44240, the building is described as having fantastic visibility. Because the overall structure consists of two units, the available space is positioned as a clear option for tenants or buyers seeking an office environment without committing to a full building footprint.
Unit B can fit a variety of office users that need a dedicated, appropriately sized suite for operations. Its configuration as an individual office unit within a smaller, two-tenant building may appeal to professionals looking for an ownership or occupancy setup that is more manageable than larger multi-tenant facilities. If you’re evaluating office space in the Kent area, this unit’s combination of size and visibility is central to the opportunity being offered.
Key Highlights
- Office unit for sale in a two‑unit building; Unit B available now
- Unit B offers 1,176 SF of office space
- Designed for professional use with visibility from the public‑facing area
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
$14,417
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
7.79%
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%
$288,340
$288.3K
Cap Rate 7%
$205,957
$206.0K
Cap Rate 9%
$160,189
$160.2K
Market Conditions
NOI Build-Up for 1,176 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
$25.3K $21.48/SF
− Vacancy
−$6.0K −$5.13/SF
EGI
$19.2K $16.35/SF
− OpEx
−$4.8K −$4.09/SF
NOI
$14.4K $12.26/SF
Area
Portage County, OH
Vacancy
23.90%
Lease Rate
$21.48 /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%
$288,340
Cap Rate 7%
$205,957
Cap Rate 9%
$160,189
Alternative Uses
Best Use
Office B
$206.0K
$180.2K – $240.3K
NOI $14,417 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$236.9K
$207.3K – $276.4K
NOI $16,581 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 44240, OH
38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
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?
Office units - For sale office unit in a two-unit building, available now and sized to support a range of professional uses.
Where is this office units located?
The property is located at 4222 State Route 43 Kent, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Office unit for sale in a two‑unit building; Unit B available now; Unit B offers 1,176 SF of office space; Designed for professional use with visibility from the public‑facing area
