Building Details

Building Size 4,506 SF

Year Built 2008

Listing Agency: Life Stages Realty LLC

Listed By: Nicolette Kuebeler · License #2022002552 Show Phone

Source: Lifestagesrealty

Added: Jan 1 Changed: Oct 26 Last Checked: Oct 26 at 3:15PM

Report an Issue

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 Life Stages Realty LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This ground-level medical office condo provides 4,506 square feet of space, including a reception area with a wall-mounted waterfall feature. The building was constructed in 2008 and has elevator and stair access. Underground parking is available for unit owners, and the complex includes shared common areas.

The property is in the Fairlawn/Montrose area, with access to I-77, Route 18, and I-71. Nearby uses include professional offices, retail, dining, and lodging. The layout is described as suitable for medical, dental, therapy, or general professional office use.

Key Highlights

• 4,506 square feet of medical office space
• Ground‑level unit with reception area and wall‑mounted waterfall feature
• Underground parking for unit owners

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,293

Cap Rate

5.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,065,860 $1.1M

Cap Rate 7%

$761,329 $761.3K

Cap Rate 9%

$592,144 $592.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,506 SF

Gross rent

$76.2K $16.92/SF

− Vacancy

−$5.2K −$1.15/SF

EGI

$71.1K $15.77/SF

− OpEx

−$17.8K −$3.94/SF

NOI

$53.3K $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%

$1,065,860

Cap Rate 7%

$761,329

Cap Rate 9%

$592,144

Alternative Uses

Best Use

Office B

$761.3K

$666.2K – $888.2K (±1% cap)

NOI $53,293 @ 7.0% cap · market cap 5.61%

Second Best

Healthcare Medical

$669.6K

$585.9K – $781.3K (±1% cap)

NOI $46,875 @ 7.0% cap · market cap 4.93%

Theoretical Best

Office A

$1.11M

$967.6K – $1.29M (±1% cap)

NOI $77,407 @ 7.0% cap · market cap 8.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Auto Repair Shop Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

297

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44333, OH

19,449

Population

8,598

Households

2.3

Avg Household Size

49

Median Age

64%

College-Educated

98%

High-School Grad

28.4 sq mi

ZIP Area

685

Density / Sq Mi

$119,313

Median Household Income

$63,920

Median Earnings

$1,232

Median Rent

$362,600

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Similar For Sale Nearby

See more

Renovated Two-Story Storefront

2850 W Market Street, Fairlawn, OH 44333

$1,250,000

0.61 Acres

View details

Multi-Level Office Condominium

3-3500 W Market St, Fairlawn, OH 44308

$199,900

2,265 SF

View details

Office Condominium with Multiple Offices

3500 W Market Street, Fairlawn, OH 44333

$199,900

0.05 Acres

View details

Fairlawn Office/Medical District Opportunity

71 Baker Blvd, Fairlawn, OH 44333

$424,000

View details

Medical Office Suite with Windowed Reception

1-3500 W Market St, Fairlawn, OH 44308

$185,000

View details

Multi-Tenant Office Building

82-90 North Miller Road, Fairlawn, OH 44333

$950,000

12,493 SF

View details

Fairlawn Childcare and Education Facility

3475 Embassy Pkwy, Fairlawn, OH 44333

Contact for pricing

7,900 SF

View details

Office Building with Owner-Occupier Option

3509 Embassy Pkwy, Fairlawn, OH 44333

Contact for pricing

10,738 SF

View details

Similar Off Market Nearby

• Elm Ridge Animal Hospital — 1053 S Cleveland Massillon Rd, Copley, OH 44321
• The Cat Company, Inc. — 1053 S Cleveland Massillon Rd, Akron, OH 44321
• Bird & Exotic Animal Hospital — 1053 S Cleveland Massillon Rd, Copley, OH 44321
• Metropolitan Veterinary Hospital Akron — 1053 S Cleveland Massillon Rd, Akron, OH 44321

Frequently Asked Questions

What type of property is this?

Medical Office Space - Reception space and underground parking serve this professionally oriented unit in Fairlawn.

Where is this medical office space located?

The property is located at 822 Kumho Drive #101/104 Fairlawn, OH.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 4,506 square feet of medical office space; Ground‑level unit with reception area and wall‑mounted waterfall feature; Underground parking for unit owners