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Two-Unit Office Building
For Sale
$185,000

4222 State Route 43, Kent, OH 44240

SINGLE_FAMILY - Kent, OH

Property Size1,176 SF
Lot Size0.24 Acres
Price / SF$157.31
Days on Market50

Property Features for 4222 State Route 43

General Information

Property type Residential
Property subtype Office
Zoning description Commercial
Subdivision 4222 St Route 43 Office Condos
Elementary school district Field LSD - 6703
Middle school district Field LSD - 6703
High school district Field LSD - 6703
Directions I-76 to south on Rt 43
Standard status Active
APN 04-032-00-00-051-010
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 4222 ST RT 43 CONDO OFF UNIT B 50% INT
Tax Annual Amount 2208
Legal Description 4222 ST RT 43 CONDO OFF UNIT B 50% INT

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1984
Listing Agency: Cutler Real Estate
Listed By: Steve Burgess · License #2003001789
Added: Jun 17 Changed: Jul 31 Last Checked: Aug 5 at 5:06PM
MLS# 5220086

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-unit office building includes Unit B, currently available. Unit B contains 1,176 SF of office space, and the building is supported by natural gas forced-air heating and central air conditioning.

The property sits on a 0.24-acre lot at 4222 State Route 43 in Kent, Ohio 44240. Public water and public sewer services are available.

Built in 1984, this is a straightforward option for an office user seeking a specific, move-in-ready unit configuration within a smaller multi-unit structure.

Key Highlights

  • 1,176 SF Office Unit B available
  • Two‑unit office building
  • 0.24‑acre lot at 4222 State Route 43, Kent, OH 44240

Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $25.3k $21.48
− Vacancy −$6.0k −$5.13
EGI $19.2k $16.35
− OpEx −$4.8k −$4.09
NOI $14.4k $12.26
1,176 SF · lease $21.48/SF/yr · vacancy 23.90% · expense 25.00%

Alternative Uses

Best Use
Office B
$206.0K
$180.2K – $240.3K (±1% cap)
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 (±1% cap)
NOI $16,581 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Dental Office Auto Parts Store Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

25
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Available Unit B offers centralized HVAC, natural gas forced-air heat, and public utilities in a two-unit building.
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: 1,176 SF Office Unit B available; Two‑unit office building; 0.24‑acre lot at 4222 State Route 43, Kent, OH 44240
More about this property
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