Equipped Spa & Wellness
For Sale
Contact for pricing
9081 State Route 14, Streetsboro, OH 44241
Operating nail salon business with dedicated parking, updated systems, and furnishings included.
Property Size2,025 SF
Price / SF$93.33
Days on Market9
Property Features for 9081 State Route 14
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Business for Sale
Additional Details
Business Included
Yes
Traffic Count
20,000 vehicles/day
Building Details
Year Renovated
2021
Units
1
Listing Agency:
Pappas Realty Co.
(330) 762-0535
Listed By:
Rachael Brady · License #2026002792
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 10 at 3:39PM
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 Pappas Realty Co.
Investment Insights
Based on property information with market context.
This spa and wellness property includes an operating nail salon business within approximately 2,025 SF. The layout provides four manicure stations and four pedicure stations, supported by salon equipment, furnishings, and back-room stock. Improvements completed in 2021 included plumbing, electrical service, HVAC, lighting, and flooring upgrades, along with a State Board-approved ventilation system.
Located at 9081 State Route 14 in Streetsboro, Ohio, the property includes dedicated on-site parking and benefits from reported exposure to approximately 20,000 vehicles per day on State Route 14. The lease extends through January 2032. The business website and active paid digital marketing presence are included, and the seller is available to assist with the transition. Full financial information is available to qualified buyers after execution of a confidentiality agreement.
Located at 9081 State Route 14 in Streetsboro, Ohio, the property includes dedicated on-site parking and benefits from reported exposure to approximately 20,000 vehicles per day on State Route 14. The lease extends through January 2032. The business website and active paid digital marketing presence are included, and the seller is available to assist with the transition. Full financial information is available to qualified buyers after execution of a confidentiality agreement.
Key Highlights
- Approximately 2,025 SF nail salon business
- Four manicure stations and four pedicure stations
- Approximately $100,000 in improvements completed in 2021
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
$7,985
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
4.22%
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%
$159,700
$159.7K
Cap Rate 7%
$114,071
$114.1K
Cap Rate 9%
$88,722
$88.7K
Market Conditions
NOI Build-Up for 2,025 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
$11.9K $5.88/SF
− Vacancy
−$500 −$0.25/SF
EGI
$11.4K $5.63/SF
− OpEx
−$3.4K −$1.69/SF
NOI
$8.0K $3.94/SF
Area
Portage County, OH
Vacancy
4.20%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
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%
$159,700
Cap Rate 7%
$114,071
Cap Rate 9%
$88,722
Alternative Uses
Best Use
Retail
$114.1K
$99.8K – $133.1K
NOI $7,985 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.9K
$356.9K – $475.9K
NOI $28,552 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Operating nail salon business with dedicated parking, updated systems, and furnishings included.
Where is this spa & wellness property located?
The property is located at 9081 State Route 14 Streetsboro, OH.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Approximately 2,025 SF nail salon business; Four manicure stations and four pedicure stations; Approximately $100,000 in improvements completed in 2021
