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    2351 Edison Blvd Twinsburg, OH 44087

    Sponsored
    For Sale
    $1,100,000

    Twinsburg Office Building: Value-Add Opportunity

    Property size:
    13,297 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 13,297 square foot office condo, situated on a 1.3-acre lot in Twinsburg, Ohio, presents a compelling value-add investment or owner-user opportunity. Located in a highly sought-after business district, this two-story Class C building boasts 40 surface parking spaces, providing ample convenience for employees and clients. The property, built in 1990, offers a flexible layout suitable for various professional services, including law offices. Currently at 25% occupancy, this multi-tenant building presents significant potential for increased revenue. Its prime location offers easy access to major highways, including I-480 (3-minute drive) and I-271 (9-minute drive), ensuring excellent commuting and logistical advantages. The building's solid structure provides a strong foundation for renovations and customization, allowing for the creation of a modern and efficient workspace tailored to specific business needs. Zoned I-M (Innovation & Manufacturing), this property offers versatility and potential for future expansion. The asking price is $1,100,000. The property includes APNs 64-05229, 64-05230, 64-05231, 64-05232, 64-05233, and 64-05234. This is a single-unit building within a larger complex

    Property Features for 2351 Edison Blvd

    General Information

    Property type
    Office space
    Square Feet
    13,297 SF
    Class
    C
    Lot Size
    56,628 SF

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    2
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Pepsi-Cola Co Beverage Distributor Liberty Bank Bank The Middlefield Banking Company Bank

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Hair Salon Auto Repair Shop Wholesale Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Twinsburg
    County
    Summit
    State
    Ohio
    Longitude
    -81.4396741
    Latitude
    41.2946573

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    FAQs

    What type of property is this?
    Office space - Twinsburg Office Building: Value-Add Opportunity
    Where is this office space located?
    The property is located at 2351 Edison Blvd Twinsburg, OH.
    What is the asking price?
    The asking price for this property is $1,100,000.
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    2351 Edison Blvd Twinsburg, OH 44087
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    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.

    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
    2351 Edison Blvd Twinsburg, OH 44087
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