Freestanding Bank with
For Sale
$425,000
7075 Aurora Road, Aurora, OH 44202
COMMERCIAL - Aurora, OH
Property Size4,800 SF
Lot Size1.64 Acres
Price / SF$88.54
Days on Market8
Property Features for 7075 Aurora Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Standard status
Active
Size
4,800 SF
Lot size
1.64 Acres
Listing Agency:
Tranzon Asset Advisors
(270) 769-0284
Listed By:
Edward Durnil · License #KY P1734
(270) 769-0284
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 18 at 5:06AM
MLS# 11929425
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding bank property includes 4,800 square feet on approximately 1.64 acres. The existing layout features private offices, teller-line and counter areas, security and technology wiring, an established drive-through lane, and surface parking. Multiple ingress and egress points support access to the building and site.
The property fronts Aurora Road (SR-82) in Aurora, Ohio, near the Route 43 and Aurora Road commercial node. The surrounding corridor includes established retail, dining, and business activity. CB (Convenience Business) zoning and the existing commercial improvements provide a defined framework for evaluating continued financial use or other service-oriented occupancy.
The property fronts Aurora Road (SR-82) in Aurora, Ohio, near the Route 43 and Aurora Road commercial node. The surrounding corridor includes established retail, dining, and business activity. CB (Convenience Business) zoning and the existing commercial improvements provide a defined framework for evaluating continued financial use or other service-oriented occupancy.
Key Highlights
- 4,800‑square‑foot freestanding bank building on approximately 1.64 acres
- CB (Convenience Business) zoning
- Existing drive‑through lane with multiple ingress and egress points
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
Retail
$270.4K
$236.6K – $315.5K
NOI $18,927 @ 7.0% cap · market cap 4.45%
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
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
602k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 30%
Apparel 22%
Shops & Services 17%
Dining 13%
Walmart
Superstores
99,143 visits/mo
0.4 miles
Target
Superstores
80,828 visits/mo
0.2 miles
Kohl's
Apparel
46,172 visits/mo
0.2 miles
Marshalls
Apparel
38,945 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
33,433 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Interior offices, counter areas, and a drive-through lane are already in place.
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‑square‑foot freestanding bank building on approximately 1.64 acres; CB (Convenience Business) zoning; Existing drive‑through lane with multiple ingress and egress points
