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8601 S Freeway Dr, Macedonia, OH 44056
Industrial property in Macedonia, Ohio, with access to regional highway connections.
Property Size7,800 SF
Price / SF$100.64
Days on Market5
Property Features for 8601 S Freeway Dr
General Information
Standard status
Active
Size
7,800 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE | Cleveland
(216) 687-1800
Listed By:
George Stevens, SIOR, CCIM
(216) 687-1800
Source:
Moodyscre
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 12:29PM
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 CBRE | Cleveland
Investment Insights
Based on property information with market context.
This industrial property includes 7800 square feet of commercial space at 8601 S Freeway Dr in Macedonia, Ohio. The asset is positioned within a regional business area connected by major highways serving Cleveland and Akron.
Key Highlights
- 7800 square feet of industrial property
- Located at 8601 S Freeway Dr, Macedonia, OH 44056
- Regional highway connections serving Cleveland and Akron
Financial Insights For Industrial
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 | $45.9k | $5.88 |
| − Vacancy | −$1.7k | −$0.22 |
| EGI | $44.2k | $5.66 |
| − OpEx | −$13.3k | −$1.70 |
| NOI | $30.9k | $3.96 |
7,800 SF · lease $5.88/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$441.7K
$386.5K – $515.3K
NOI $30,917 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,993 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Explore this area
Business Placement
Demographics for 44056, OH
12,156
Population
4,898
Households
2.5
Avg Household Size
47
Median Age
41%
College-Educated
94%
High-School Grad
9.8 sq mi
ZIP Area
1,240
Density / Sq Mi
$108,059
Median Household Income
$51,731
Median Earnings
$2,024
Median Rent
$294,500
Median Home Value
Market
Properties on Market for Industrial properties in Summit County
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property in Macedonia, Ohio, with access to regional highway connections.
Where is this industrial property located?
The property is located at 8601 S Freeway Dr Macedonia, OH.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 7800 square feet of industrial property; Located at 8601 S Freeway Dr, Macedonia, OH 44056; Regional highway connections serving Cleveland and Akron
