Office Building with
For Sale
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6555 Dean Memorial Pkwy, Hudson, OH 44236
18,170 SF office building with 3,512 SF of storage, built in 1976 and renovated multiple times from 2016 to 2020.
Property Size21,682 SF
Price / SF$151.97
Days on Market533
Property Features for 6555 Dean Memorial Pkwy
General Information
Standard status
Active
Size
21,682 SF
Property subtype
OFFICE
Zoning
Retail Business
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1976
Year Renovated
2020
Listing Agency:
Sperry Commercial -The Masica Company
(216) 789-0902
Listed By:
Greg DiGeronimo · License ##SAL.2024003376
Source:
Moodyscre
Added: Feb 26, 2025
Changed: Aug 11
Last Checked: Aug 12 at 11:12AM
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 Sperry Commercial -The Masica Company
Investment Insights
Based on property information with market context.
This for-sale office building totals 18,170 SF of office space plus 3,512 SF of storage. Built in 1976, the property has undergone renovations in 2016, 2019, and 2020. The building is currently 100% occupied with an established and stable tenant base.
The property is located at 6555 Dean Memorial Pkwy, Hudson, OH 44236. It is zoned for Retail Business and is described as having ample parking for tenants and visitors, along with high visibility and accessibility. The remarks also note proximity to major transportation routes.
With office and storage space under one roof, this property presents a straightforward setup for tenants seeking dedicated workplace space supported by additional storage area.
The property is located at 6555 Dean Memorial Pkwy, Hudson, OH 44236. It is zoned for Retail Business and is described as having ample parking for tenants and visitors, along with high visibility and accessibility. The remarks also note proximity to major transportation routes.
With office and storage space under one roof, this property presents a straightforward setup for tenants seeking dedicated workplace space supported by additional storage area.
Key Highlights
- 18,170 SF office building with 3,512 SF storage space
- Built in 1976; renovated in 2016, 2019, and 2020
- Zoned Retail Business
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
$256,435
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
7.78%
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%
$5,128,700
$5.1M
Cap Rate 7%
$3,663,357
$3.7M
Cap Rate 9%
$2,849,278
$2.8M
Market Conditions
NOI Build-Up for 21,682 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
$366.9K $16.92/SF
− Vacancy
−$24.9K −$1.15/SF
EGI
$341.9K $15.77/SF
− OpEx
−$85.5K −$3.94/SF
NOI
$256.4K $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 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%
$5,128,700
Cap Rate 7%
$3,663,357
Cap Rate 9%
$2,849,278
Alternative Uses
Best Use
Office B
$3.66M
$3.21M – $4.27M
NOI $256,435 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.32M
$4.66M – $6.21M
NOI $372,467 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 44236, OH
26,216
Population
9,388
Households
2.8
Avg Household Size
44
Median Age
74%
College-Educated
98%
High-School Grad
32.0 sq mi
ZIP Area
819
Density / Sq Mi
$168,973
Median Household Income
$78,336
Median Earnings
$2,205
Median Rent
$436,900
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 building - 18,170 SF office building with 3,512 SF of storage, built in 1976 and renovated multiple times from 2016 to 2020.
Where is this office building located?
The property is located at 6555 Dean Memorial Pkwy Hudson, OH.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: 18,170 SF office building with 3,512 SF storage space; Built in 1976; renovated in 2016, 2019, and 2020; Zoned Retail Business
