Office Building with
For Sale
$3,295,000
6555 Dean Memorial Parkway, 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 Market75
Property Features for 6555 Dean Memorial Parkway
General Information
Standard status
Active
Size
21,682 SF
Class
A
Property subtype
Office
Zoning
Retail Business
Occupancy
100%
Net Operating Income
$307,103
Additional Details
Highway Access
Yes
Building Details
Building Size
21,682 SF
Year Built
1976
Year Renovated
2020
Listing Agency:
Sperry Commercial -The Masica Company
Listed By:
Greg DiGeronimo · License #OH #SAL.2024003376
(216) 789-0902
Source:
Themasicacompany
Added: Jul 24
Changed: Sep 5
Last Checked: Oct 5 at 3:01PM
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 / Yr
$256,435
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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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 Parkway 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
