Streetsboro Commercial Property For
For Sale
Contact for pricing
8929 OH-14, Streetsboro, OH 44241
High-visibility commercial property with income potential and expansion possibilities.
Property Size12,000 SF
Lot Size2.34 Acres
Price / SF$82.92
Days on Market1041
Property Features for 8929 OH-14
General Information
Standard status
Active
Size
12,000 SF
Lot size
2.34 Acres
Property subtype
Retail
Zoning
B
Listing Agency:
Hoff & Leigh Fairlawn
(330) 620-0799
Listed By:
Teigan Cook · License #OH2023005884
Source:
Crexi
Added: Oct 3, 2023
Changed: Aug 8
Last Checked: May 12 at 9:21PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$57,275
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
5.76%
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%
$1,145,500
$1.1M
Cap Rate 7%
$818,214
$818.2K
Cap Rate 9%
$636,389
$636.4K
Market Conditions
NOI Build-Up for 12,000 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
$71.8K $5.98/SF
− Vacancy
−$4.4K −$0.36/SF
EGI
$67.4K $5.62/SF
− OpEx
−$10.1K −$0.84/SF
NOI
$57.3K $4.77/SF
Area
Portage County, OH
Vacancy
6.10%
Lease Rate
$5.98 /SF/Yr
Expense Ratio
15.00%
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%
$1,145,500
Cap Rate 7%
$818,214
Cap Rate 9%
$636,389
Alternative Uses
Best Use
Office B
$2.10M
$1.84M – $2.45M
NOI $147,117 @ 7.0% cap · market cap 14.79%
Second Best
Warehouse
$818.2K
$715.9K – $954.6K
NOI $57,275 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,198 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 44241, OH
17,659
Population
7,756
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
795
Density / Sq Mi
$81,392
Median Household Income
$48,141
Median Earnings
$1,372
Median Rent
$190,700
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?
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.
