Office and Retail Building with
50 SOUTHEAST AVE Tallmadge, OH 44278
50 SOUTHEAST AVE, Tallmadge, OH, 44278
$1,195,000
For Sale
$1,195,000
Office, retail, and warehouse space with separate entrances, two loading areas, and an attached canopy suitable for outdoor storage.
Property Size15,000 SF
Price / SF$79.67
Days on Market153
Property Features for 50 SOUTHEAST AVE
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Property subtype
- Street Retail
Building Details
- Year Built
- 1999
Properties For Sale
at 50 SOUTHEAST AVE Contact us
Listing agency
SVN | First Place Commercial Realty LLC
(888) 236-1435
Listed by
Vic Voinovich
(888) 236-1435
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 21 at 3:30AM Checked: Jul 21 at 3:30AM
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 SVN | First Place Commercial Realty LLC
Investment Insights
Based on property information with market context.
A combined office, retail, and warehouse building totaling approximately 15,000 sq. ft., including 9,800 sq. ft. of retail space and 3,200 sq. ft. of office space. The property also includes 2,000 sq. ft. of warehouse space, with 2,000 sq. ft. of office/area currently leased. Separate entrances serve the office and retail portions, and the building has two loading areas.
The site features 402 feet of frontage on Southeast Avenue. An attached 2,200 sq. ft. structural canopy on the property is suitable for outdoor storage.
In addition to the building’s internal separation and loading configuration, the property is described as centrally located in Tallmadge, Ohio, with quick access to major area routes including I-76 and State Rt. 8. The property is also located within seconds of the historic Tallmadge Circle in Downtown Tallmadge, a focal point served by multiple connecting state routes.
The site features 402 feet of frontage on Southeast Avenue. An attached 2,200 sq. ft. structural canopy on the property is suitable for outdoor storage.
In addition to the building’s internal separation and loading configuration, the property is described as centrally located in Tallmadge, Ohio, with quick access to major area routes including I-76 and State Rt. 8. The property is also located within seconds of the historic Tallmadge Circle in Downtown Tallmadge, a focal point served by multiple connecting state routes.
Key Highlights
- 15,000 SF office/retail building (built 1999) in Tallmadge, OH
- Includes 9,800 SF retail, 3,200 SF office, and 2,000 SF warehouse space
- 1,200 SF of office space is leased (2,000 SF office total with 2,000 SF leased per provided info)
Local Financial Insights For Retail
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 | $140.4k | $9.36 |
| − Vacancy | −$4.6k | −$0.31 |
| EGI | $135.8k | $9.05 |
| − OpEx | −$40.7k | −$2.72 |
| NOI | $95.0k | $6.34 |
15,000 SF · lease $9.36/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.53M
$2.22M – $2.96M
NOI $177,406 @ 7.0% cap · market cap 14.85%
Second Best
Retail
$1.36M
$1.19M – $1.58M
NOI $95,037 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,679 @ 7.0% cap · market cap 21.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Classic Carpet & Flooring
Carpet & Flooring Store
UPS Authorized Shipping ...
Courier Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Office, retail, and warehouse space with separate entrances, two loading areas, and an attached canopy suitable for outdoor storage.
Where is this flex space located?
The property is located at 50 SOUTHEAST AVE Tallmadge, OH.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 15,000 SF office/retail building (built 1999) in Tallmadge, OH; Includes 9,800 SF retail, 3,200 SF office, and 2,000 SF warehouse space; 1,200 SF of office space is leased (2,000 SF office total with 2,000 SF leased per provided info)
