Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Streetsboro Commercial Property For Sale Title is generated by Realmo AI

    8929 OH-14, Streetsboro, OH 44241

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    High-visibility commercial property with income potential and expansion possibilities.

    Type:Retail
    Property size:
    12,000 SF
    Lot size:
    2.34 Acres
    Price / SF:
    $82/SF
    Added:
    Oct 3, 2023
    Days on Market:
    969
    Last Refresh:
    May 12 at 9:21 pm

    Property Features for 8929 OH-14

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Lot size
    2.34 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Teigan Cook
    Teigan Cook

    Listing agent Teigan Cook License #OH2023005884

    Listing office Hoff & Leigh Fairlawn

    Listing date Oct 3, 2023

    Source Crexi

    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 Hoff & Leigh Fairlawn

    HighLights

    • High visibility location in a high traffic area.
    • Reputable national tenant (Airgas) provides immediate rental income.
    • 2.336 acre lot with room for expansion.
    • Generous parking and easy access to major freeways.
    • Well‑constructed building with 4 units.
    • Two units currently available: Unit A: 1,536 SF versatile space with office and warehouse; Unit C: 1,536 SF, currently a salon.

    Overview

    Located at 8929 OH-14 in Streetsboro, this commercial property is available for sale and for lease. The property offers high visibility and flexibility, presenting an opportunity for investors or owner-users. The property includes a national tenant, Airgas, providing immediate rental income. Situated on a 2.336 acre lot, the property has potential for expansion. The building features parking and access to major freeways. The property contains 4 units, with 2 currently available. Unit A offers 1,536 square feet of versatile space, including a 576 square foot front office area and a 960 square foot warehouse with a 12x14 drive-in door. Unit C also has 1,536 square feet and is currently configured as a salon, but it could be converted to other uses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Streetsboro
    County
    Portage
    State
    Ohio
    Longitude
    -81.3428
    Latitude
    41.2431

    Nearby Similar for Sale

    • $1,700,000
      10,032 SF

      Streetsboro Retail Property for Sale

      Retail property available for sale in Streetsboro, Ohio.
      9940 State Route 43, Streetsboro, OH 44241
      View Details
    • Contact for pricing
      3,170 SF

      Streetsboro Freddy's NNN Investment Opportunity

      Freddy's absolute NNN lease on 1.72-acre lot.
      1240 OH-303, Streetsboro, OH
      View Details
    • Contact for pricing
      9,823 SF

      Two-Story Office Building For Sale

      9,823 SF office building with move-in ready medical space.
      9330 Market Square Drive, Streetsboro, OH 44241
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility commercial property with income potential and expansion possibilities.
    Where is this retail space located?
    The property is located at 8929 OH-14 Streetsboro, OH.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: High visibility location in a high traffic area.; Reputable national tenant (Airgas) provides immediate rental income.; 2.336 acre lot with room for expansion.
    (330) 620-0799 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Teigan Cook
    Teigan Cook
    Real Estate License ID: OH2023005884
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8929 OH-14, Streetsboro, OH 44241
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!