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    Retail Space in Munroe Falls Title is generated by Realmo AI

    9 S Main Street State Route 91, Munroe Falls, OH 44262

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    Claim this Listing
    For Lease
    $17 SF/Yr $12,750/Mo (calc)

    Retail space available in Munroe Falls Center.

    Type:Retail
    Property size:
    9,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    187
    Last Refresh:
    May 19 at 8:46 pm

    Property Features for 9 S Main Street State Route 91

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2021

    Spaces For Lease

    at 9 S Main Street State Route 91 Contact us

    We can help!

    Listing Contact
    Nichole Booker, PhD
    Nichole Booker, PhD

    Listing agent Nichole Booker, PhD License #SAL.2018004350

    Listing office SVN Summit Commercial Real Estate Advisors

    Listing date Nov 21, 2025

    Source Svnsummitcommercial

    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 SVN Summit Commercial Real Estate Advisors

    HighLights

    • Excellent visibility at a signalized hard corner intersection of SR‑91 and Munroe Falls Ave.
    • High traffic volume: Nearly 20,000 vehicles per day on SR‑91 (Main Street).
    • Located in Munroe Falls Center, geographically positioned for easy access from Tallmadge, Stow, and Cuyahoga Falls.
    • High population density: Over 175,000 residents within a 5‑mile radius.
    • Close proximity to Summit County Fair Grounds, attracting over 500,000 visitors annually.
    • Steps from Brust Park, a regional destination with Bike N Hike Trail access, river activities, and events.

    Overview

    Located at the signalized intersection of SR-91 and Munroe Falls Ave, the Munroe Falls Center retail center offers a remaining unit for rent. The location provides easy access from the surrounding areas of Tallmadge, Stow, and Cuyahoga Falls. The property benefits from high visibility at a hard corner with a signalized intersection and monument signage. The average daily traffic count on SR-91 (Main Street) is nearly 20,000 vehicles per day. The surrounding area has over 175,000 residents within a 5-mile radius. The property is near the Summit County Fair Grounds, which hosts over 500,000 visitors annually, and steps from Brust Park, a regional destination with access to the Bike N Hike Trail, "Float the River", kayak launch point/tours, farmer's markets and other events. The property offers a generous tenant improvement allowance to qualified tenants. The property size is 9000 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Silver Valley Shopping Center — N Main St, Munroe Falls, OH 44262

    Map

    City
    Munroe Falls
    County
    Summit
    State
    Ohio
    Longitude
    -81.4374
    Latitude
    41.1405

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in Munroe Falls Center.
    Where is this shopping center located?
    The property is located at 9 S Main Street State Route 91 Munroe Falls, OH.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility at a signalized hard corner intersection of SR‑91 and Munroe Falls Ave.; High traffic volume: Nearly 20,000 vehicles per day on SR‑91 (Main Street).; Located in Munroe Falls Center, geographically positioned for easy access from Tallmadge, Stow, and Cuyahoga Falls.
    (330) 475-5500
    We can help!
    Listing Contact
    Nichole Booker, PhD
    Nichole Booker, PhD
    Real Estate License ID: SAL.2018004350
    Learn More
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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.

    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
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    9 S. Main Street (State Route 91), Munroe Falls, OH 44262
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