Fully Leased NNN
For Sale
Contact for pricing
87 Conservatory Dr, Barberton, OH 44203
Fully leased under an NNN structure with one 5-year renewal option.
Property Size5,488 SF
Price / SF$159.44
Days on Market268
Property Features for 87 Conservatory Dr
General Information
Standard status
Active
Size
5,488 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Cap Rate
11.69%
Building Details
Tenancy
Single
Listing Agency:
CBRE | Akron
(330) 472-8970
Listed By:
David Comernisky
(330) 472-8970
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Jul 31
Last Checked: Jul 31 at 3:30PM
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 | Akron
Investment Insights
Based on property information with market context.
This 5,488-square-foot NNN property is fully leased to Pinnacle Treatment Centers OH-III, LLC. The lease is structured as NNN, including the ground lease payment, with a current term ending 06/2032 and one 5-year renewal option. The property is located at 87 Conservatory Dr in Barberton, Ohio.
Key Highlights
- 5,488‑square‑foot NNN property at 87 Conservatory Dr, Barberton, OH 44203
- Fully leased to Pinnacle Treatment Centers OH‑III, LLC
- 11.69% cap rate
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
$64,907
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
7.42%
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%
$1,298,140
$1.3M
Cap Rate 7%
$927,243
$927.2K
Cap Rate 9%
$721,189
$721.2K
Market Conditions
NOI Build-Up for 5,488 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
$92.9K $16.92/SF
− Vacancy
−$6.3K −$1.15/SF
EGI
$86.5K $15.77/SF
− OpEx
−$21.6K −$3.94/SF
NOI
$64.9K $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 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%
$1,298,140
Cap Rate 7%
$927,243
Cap Rate 9%
$721,189
Alternative Uses
Best Use
Office B
$927.2K
$811.3K – $1.08M
NOI $64,907 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,276 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 44203, OH
39,577
Population
18,198
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
35.0 sq mi
ZIP Area
1,131
Density / Sq Mi
$59,124
Median Household Income
$36,954
Median Earnings
$832
Median Rent
$148,300
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?
NNN property - Fully leased under an NNN structure with one 5-year renewal option.
Where is this nnn property located?
The property is located at 87 Conservatory Dr Barberton, OH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 5,488‑square‑foot NNN property at 87 Conservatory Dr, Barberton, OH 44203; Fully leased to Pinnacle Treatment Centers OH‑III, LLC; 11.69% cap rate
