Ground-Level Medical Office
822 Kumho Drive #103 Fairlawn, OH 44333
New
822 Kumho Drive #103, Fairlawn, OH, 44333
$575,000
For Sale
$575,000
Ground-level office/medical condo in a well-maintained Fairlawn complex with ample parking and a functional reception layout.
Property Size2,446 SF
Price / SF$235.08
Days on Market2
Property Features for 822 Kumho Drive #103
General Information
- Standard status
- Active
- Size
- 2,446 SF
Building Details
- Year Built
- 2016
Listing agency
Home Equity Realty Group
(330) 350-0016
Listed by
Roger L Nair · License #2011001849
Source
Kmlkrealty
Added: Jul 21 Updated: Jul 22 at 5:04PM Checked: Jul 22 at 5:04PM
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 Home Equity Realty Group
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.
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.4k | $16.92 |
| − Vacancy | −$2.8k | −$1.15 |
| EGI | $38.6k | $15.77 |
| − OpEx | −$9.6k | −$3.94 |
| NOI | $28.9k | $11.83 |
2,446 SF · lease $16.92/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$413.3K
$361.6K – $482.2K
NOI $28,929 @ 7.0% cap · market cap 5.03%
Second Best
Healthcare Medical
$363.5K
$318.1K – $424.1K
NOI $25,445 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$600.3K
$525.2K – $700.3K
NOI $42,019 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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- Metropolitan Veterinary Hospital Akron — 1053 S Cleveland Massillon Rd, Akron, OH 44321
- 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
FAQs
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 $575,000.
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
