Freestanding Bank Building with
For Sale
$425,000
7075 Aurora Road, Aurora, OH 44202
Existing teller areas, private offices, and service infrastructure support a range of commercial configurations.
Property Size4,800 SF
Lot Size1.64 Acres
Price / SF$88.54
Days on Market46
Property Features for 7075 Aurora Road
General Information
Standard status
Active
Size
4,800 SF
Lot size
1.64 Acres
Property subtype
Commercial Building
Zoning
CB
Property Condition
Severity
Repairs Needed
Evidence
low deferred maintenance
Site & Location
Drive-Thru
Yes
Road Access
Yes
Amenities
Lot Size Acres: 1.64
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Bank, Sale Type: Foreclosure, Sale Type: Auction, Online Only Auction, Auction URL: https://www.tranzon.com/taa2621, Auction Start Time: 2026-09-14 13:00:00, Auction End Time: 2026-09-16 20:00:00
Property Zone Type: 200, Above Area Square Feet: 4800
Building Details
Buildings
1
Building Size
4,800 SF
Listing Agency:
Tranzon Asset Advisors
Listed By:
Edward Durnil · License #KY P1734
(270) 769-0284
Source:
Doyle-realty
Added: Aug 11
Changed: Sep 24
Last Checked: Sep 24 at 9:35AM
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 Tranzon Asset Advisors
Investment Insights
Based on property information with market context.
This freestanding bank building contains approximately 4,800 ± square feet on a 1.64 ± acre site and was constructed in 2003. The existing layout includes private offices, teller-line and counter areas, security and technology wiring, an established drive-thru lane, and surface parking. Multiple access points serve the property, while CB (Convenience Business) zoning supports its commercial setting.
The building fronts Aurora Road (SR-82), a corridor connecting Aurora, Bainbridge, and the greater Chagrin Valley/Geauga Lake area. It is positioned near the Route 43/Aurora Road commercial node, with established retail, dining, and business activity nearby. The current configuration is suited to banking, professional office, medical or dental services, quick-service restaurant use, and other service-oriented concepts, subject to applicable approvals.
The building fronts Aurora Road (SR-82), a corridor connecting Aurora, Bainbridge, and the greater Chagrin Valley/Geauga Lake area. It is positioned near the Route 43/Aurora Road commercial node, with established retail, dining, and business activity nearby. The current configuration is suited to banking, professional office, medical or dental services, quick-service restaurant use, and other service-oriented concepts, subject to applicable approvals.
Key Highlights
- 4,800 ± sq. ft. freestanding bank building on a 1.64 ± acre site
- Built in 2003 with existing private offices and teller‑line/counter areas
- Existing drive‑thru lane and multiple points of ingress/egress
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
$18,927
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
4.45%
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%
$378,540
$378.5K
Cap Rate 7%
$270,386
$270.4K
Cap Rate 9%
$210,300
$210.3K
Market Conditions
NOI Build-Up for 4,800 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
$28.2K $5.88/SF
− Vacancy
−$1.2K −$0.25/SF
EGI
$27.0K $5.63/SF
− OpEx
−$8.1K −$1.69/SF
NOI
$18.9K $3.94/SF
Area
Portage County, OH
Vacancy
4.20%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
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%
$378,540
Cap Rate 7%
$270,386
Cap Rate 9%
$210,300
Alternative Uses
Best Use
Specialty Retail
$895.2K
$783.3K – $1.04M
NOI $62,662 @ 7.0% cap · market cap 14.74%
Second Best
Office B
$840.7K
$735.6K – $980.8K
NOI $58,847 @ 7.0% cap · market cap 13.85%
Theoretical Best
Office A
$966.8K
$846.0K – $1.13M
NOI $67,679 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
Business Placement
Demographics for 44202, OH
22,167
Population
9,612
Households
2.3
Avg Household Size
46
Median Age
56%
College-Educated
97%
High-School Grad
30.3 sq mi
ZIP Area
732
Density / Sq Mi
$116,556
Median Household Income
$67,796
Median Earnings
$1,701
Median Rent
$356,000
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?
Bank - Existing teller areas, private offices, and service infrastructure support a range of commercial configurations.
Where is this bank located?
The property is located at 7075 Aurora Road Aurora, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,800 ± sq. ft. freestanding bank building on a 1.64 ± acre site; Built in 2003 with existing private offices and teller‑line/counter areas; Existing drive‑thru lane and multiple points of ingress/egress
