Flex Space with Office-Retail
For Sale
$485,000
727 Graham Rd, Stow, OH 44224
Existing dental-office improvements and retail functionality support occupancy by a range of commercial users.
Property Size5,088 SF
Price / SF$95.32
Days on Market9
Property Features for 727 Graham Rd
General Information
Standard status
Active
Size
5,088 SF
Total Parking Spaces
20
Additional Details
Furnished
Yes
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 990-0256
Listed By:
William E Snow · License #2013001675
Source:
Theacclaimedrealty
Added: Aug 22
Changed: Aug 30
Last Checked: Aug 30 at 12:40AM
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 Berkshire Hathaway HomeServices Stouffer Realty
Investment Insights
Based on property information with market context.
This flex-space property combines an existing dental-office configuration with retail functionality, providing a finished commercial setting that can accommodate a range of business formats. The building was constructed in 1991 and is described as being in very good condition, with occupancy readiness noted. Some office furniture is included with the property.
A concrete parking lot provides 20 spaces for the building. The property is located at 727 Graham Rd in Stow, Ohio, placing the asset along Graham Road. Its existing office and retail features, along with the stated flexibility for alternative commercial use, create a practical starting point for an owner-user or business seeking an adaptable building.
A concrete parking lot provides 20 spaces for the building. The property is located at 727 Graham Rd in Stow, Ohio, placing the asset along Graham Road. Its existing office and retail features, along with the stated flexibility for alternative commercial use, create a practical starting point for an owner-user or business seeking an adaptable building.
Key Highlights
- Flex‑space property with existing dental‑office and retail functionality
- 5,088 property size
- Concrete parking lot with 20 spaces
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
$32,236
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
6.65%
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%
$644,720
$644.7K
Cap Rate 7%
$460,514
$460.5K
Cap Rate 9%
$358,178
$358.2K
Market Conditions
NOI Build-Up for 5,088 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
$47.6K $9.36/SF
− Vacancy
−$1.6K −$0.31/SF
EGI
$46.1K $9.05/SF
− OpEx
−$13.8K −$2.72/SF
NOI
$32.2K $6.34/SF
Area
Summit County, OH
Vacancy
3.30%
Lease Rate
$9.36 /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%
$644,720
Cap Rate 7%
$460,514
Cap Rate 9%
$358,178
Alternative Uses
Best Use
Office B
$859.7K
$752.2K – $1.00M
NOI $60,176 @ 7.0% cap · market cap 12.41%
Second Best
Healthcare Medical
$756.1K
$661.6K – $882.2K
NOI $52,929 @ 7.0% cap · market cap 10.91%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,405 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44224, OH
38,709
Population
16,826
Households
2.3
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
1,898
Density / Sq Mi
$91,096
Median Household Income
$48,624
Median Earnings
$1,190
Median Rent
$243,500
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?
Flex space - Existing dental-office improvements and retail functionality support occupancy by a range of commercial users.
Where is this flex space located?
The property is located at 727 Graham Rd Stow, OH.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Flex‑space property with existing dental‑office and retail functionality; 5,088 property size; Concrete parking lot with 20 spaces
