Warehouse with Office and
For Sale
Contact for pricing
Pending
4637 Allen Rd, Stow, OH 44224
Warehouse with ESFR sprinklers, loading docks, office space, and secure fenced, covered outdoor storage.
Property Size63,904 SF
Days on Market66
Property Features for 4637 Allen Rd
General Information
Standard status
Pending
Size
63,904 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
6
Sprinkler System
Yes
Listing Agency:
NAI Spring
(330) 966-8800
Listed By:
Kelly Sober, CCIM · License #SAL.2018003046
(330) 806-8140
Source:
Moodyscre
Added: Jul 9
Changed: Sep 8
Last Checked: Sep 11 at 11:10AM
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 Spring
Investment Insights
Based on property information with market context.
This property offers a 63,904 SF building with ESFR sprinklers, six loading docks, and two overhead doors. The space includes 5,170 SF of office area paired with 58,734 SF of warehouse space, supporting flexible day-to-day operations within one facility. An additional secure fenced and covered outdoor storage area is included for inventory or equipment staging.
The location provides immediate access to Route 8 and easy access to major highways including I-77. The property is also positioned near the Akron/Cleveland markets.
Overall, the configuration combines warehouse utility, dock access, and on-site office space, with covered outdoor storage to help accommodate logistics needs.
The location provides immediate access to Route 8 and easy access to major highways including I-77. The property is also positioned near the Akron/Cleveland markets.
Overall, the configuration combines warehouse utility, dock access, and on-site office space, with covered outdoor storage to help accommodate logistics needs.
Key Highlights
- 63,904 SF warehouse featuring ESFR sprinklers
- Warehouse includes 6 loading docks and 2 overhead doors
- 5,170 SF office and 58,734 SF warehouse space
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
$307,575
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
5.80%
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%
$6,151,500
$6.2M
Cap Rate 7%
$4,393,929
$4.4M
Cap Rate 9%
$3,417,500
$3.4M
Market Conditions
NOI Build-Up for 63,904 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
$375.8K $5.88/SF
− Vacancy
−$13.9K −$0.22/SF
EGI
$361.9K $5.66/SF
− OpEx
−$54.3K −$0.85/SF
NOI
$307.6K $4.81/SF
Area
Summit County, OH
Vacancy
3.70%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
15.00%
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%
$6,151,500
Cap Rate 7%
$4,393,929
Cap Rate 9%
$3,417,500
Alternative Uses
Best Use
Office B
$10.80M
$9.45M – $12.60M
NOI $755,798 @ 7.0% cap · market cap 14.26%
Second Best
Warehouse
$4.39M
$3.84M – $5.13M
NOI $307,575 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$15.68M
$13.72M – $18.30M
NOI $1,097,783 @ 7.0% cap · market cap 20.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Dock-high doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44224, OH
38,709
Population
16,826
Households
2.3
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
1,898
Density / Sq Mi
$91,096
Median Household Income
$48,624
Median Earnings
$1,190
Median Rent
$243,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- MRT Properties Inc — 883 Hampshire Rd # A, Stow, OH 44224
- Allen Road Storage — 883-A Hampshire Rd, Stow, OH 44224
- AAA Stow-It — 1330 Commerce Dr, Stow, OH 44224
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with ESFR sprinklers, loading docks, office space, and secure fenced, covered outdoor storage.
Where is this warehouse located?
The property is located at 4637 Allen Rd Stow, OH.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 63,904 SF warehouse featuring ESFR sprinklers; Warehouse includes 6 loading docks and 2 overhead doors; 5,170 SF office and 58,734 SF warehouse space
