Building Details

Year Built 2016

Listing Agency: Home Equity Realty Group

Listed By: Roger L Nair · License #2011001849 Show Phone

Source: Kmlkrealty

Added: Jul 21 Changed: Oct 3 Last Checked: Oct 7 at 2:46PM

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Investment Insights

Based on property information with market context.

This professionally managed, Class A office/medical condo is situated in a well-maintained Fairlawn complex. The ground-level unit is designed for practical client-facing use, with a reception area featuring a waterfall on the wall and pristine bathrooms. Access is supported by an elevator or stairway to accommodate the building’s layout, and the configuration is positioned to serve medical, dental, therapy, or general professional office needs.

The complex offers ample parking for unit owners and visitors, along with underground parking for year-round safety and convenience. The building’s common areas are described as attractive, and the unit is currently rented with strong tenants.

Conveniently located near major routes, the property provides quick connections toward Akron, Cleveland, and Canton, and it sits among professional offices plus nearby retail, dining, and lodging in the Fairlawn/Montrose area.

Key Highlights

• 2016‑built ground‑level office/medical condo in a well‑maintained Fairlawn complex
• Functional layout suited for medical, dental, therapy, or general professional office use
• Reception area at the front door plus pristine bathrooms accessible via elevator or stairway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,929

Cap Rate

6.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$578,580 $578.6K

Cap Rate 7%

$413,271 $413.3K

Cap Rate 9%

$321,433 $321.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,446 SF

Gross rent

$41.4K $16.92/SF

− Vacancy

−$2.8K −$1.15/SF

EGI

$38.6K $15.77/SF

− OpEx

−$9.6K −$3.94/SF

NOI

$28.9K $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%

$578,580

Cap Rate 7%

$413,271

Cap Rate 9%

$321,433

Alternative Uses

Best Use

Office B

$413.3K

$361.6K – $482.2K (±1% cap)

NOI $28,929 @ 7.0% cap · market cap 6.81%

Second Best

Healthcare Medical

$363.5K

$318.1K – $424.1K (±1% cap)

NOI $25,445 @ 7.0% cap · market cap 5.99%

Theoretical Best

Office A

$600.3K

$525.2K – $700.3K (±1% cap)

NOI $42,019 @ 7.0% cap · market cap 9.89%

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

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Ground-level office/medical condo in a well-maintained Fairlawn complex with ample parking and a functional reception layout.

Where is this medical office space located?

The property is located at 822 Kumho Drive #103 Fairlawn, 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: 2016‑built ground‑level office/medical condo in a well‑maintained Fairlawn complex; Functional layout suited for medical, dental, therapy, or general professional office use; Reception area at the front door plus pristine bathrooms accessible via elevator or stairway