Freestanding Flex Space with
For Sale
$379,000
9040 State Route 14, Streetsboro, OH 44241
CommercialSale, Streetsboro, OH
Property Size3,600 SF
Lot Size0.40 Acres
Price / SF$105.28
Days on Market94
Property Features for 9040 State Route 14
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Garage, Parking Lot
Elementary school district
Streetsboro CSD - 6709
Middle school district
Streetsboro CSD - 6709
High school district
Streetsboro CSD - 6709
Directions
From Ohio Turnpike I-80 exit onto State Route 14 heading east, cross over State Route 43, property is located approximately 1.5 miles down on the left side.
Standard status
Active
APN
35-056-10-00-031-005
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4463
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Radiant, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
conference room
private office
design center
restroom
storage shed
Building Details
Year built
1965
Roof type
Metal
Listing Agency:
Century 21 Homestar · Century 21 Real Estate
(440) 449-9100
Listed By:
Samantha D Wallauz · License #2016004981
(440) 477-8046
Added: Jun 22
Changed: Sep 22
Last Checked: Sep 23 at 2:06AM
MLS# 5221094
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding flex property contains 3,600 square feet arranged for showroom, office, and warehouse functions. The finished front area measures approximately 2,000 square feet and includes a conference room, private office, design center, restroom, heating, and central air. A new furnace and central air system were installed in 2023. The rear portion provides approximately 1,600 square feet of heated, open-span warehouse space with a 12' x 12' overhead door, an 8' x 8' rear overhead door, and a gas-fired shop heater.
The property is located at 9040 State Route 14 in Streetsboro, Ohio, with access to the Ohio Turnpike (I-80) and State Route 43. The Business District-zoned site occupies a 0.4-acre lot with approximately 95' x 183' dimensions, a newly paved asphalt parking lot for approximately 20 vehicles, a partially fenced rear yard, and a storage shed. Public water and public sewer serve the property.
The property is located at 9040 State Route 14 in Streetsboro, Ohio, with access to the Ohio Turnpike (I-80) and State Route 43. The Business District-zoned site occupies a 0.4-acre lot with approximately 95' x 183' dimensions, a newly paved asphalt parking lot for approximately 20 vehicles, a partially fenced rear yard, and a storage shed. Public water and public sewer serve the property.
Key Highlights
- 3,600‑square‑foot freestanding flex building with showroom, office, and warehouse areas
- Approximately 2,000 square feet of finished showroom and office space
- Approximately 1,600 square feet of heated open‑span warehouse space
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
$17,183
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
4.53%
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%
$343,660
$343.7K
Cap Rate 7%
$245,471
$245.5K
Cap Rate 9%
$190,922
$190.9K
Market Conditions
NOI Build-Up for 3,600 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
$21.5K $5.98/SF
− Vacancy
−$1.3K −$0.36/SF
EGI
$20.2K $5.62/SF
− OpEx
−$3.0K −$0.84/SF
NOI
$17.2K $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%
$343,660
Cap Rate 7%
$245,471
Cap Rate 9%
$190,922
Alternative Uses
Best Use
Warehouse
$245.5K
$214.8K – $286.4K
NOI $17,183 @ 7.0% cap · market cap 4.53%
Second Best
Retail
$202.8K
$177.4K – $236.6K
NOI $14,195 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$725.1K
$634.5K – $846.0K
NOI $50,759 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
29,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Business District-zoned facility combines finished offices with heated warehouse space and direct access to State Route 14.
Where is this flex space located?
The property is located at 9040 State Route 14 Streetsboro, OH.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 3,600‑square‑foot freestanding flex building with showroom, office, and warehouse areas; Approximately 2,000 square feet of finished showroom and office space; Approximately 1,600 square feet of heated open‑span warehouse space
