Building Details

Year Built 1967

Year Renovated 2023

Tenancy Single

Listing Agency: Colliers - Cleveland, Ohio

Listed By: Conor Toomey · License #OH SAL 2018002647 Show Phone

Source: Crexi

Added: Jun 11 Changed: Oct 13 Last Checked: Oct 20 at 7:12PM

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Investment Insights

Based on property information with market context.

This upgraded flex space is equipped with a security system featuring keypad access and cameras. The interior is fully climate-controlled, with automatic sliding storefront doors at the front and two restrooms on site.

Located at 9143 N Main St in Windham, OH 44288, the property is positioned as a versatile commercial option for tenants or buyers seeking controlled indoor environments and direct storefront functionality.

With its security upgrades and restroom availability, the layout supports day-to-day operations requiring dependable access control and basic customer or staff amenities.

Key Highlights

• Fully climate‑controlled flex space
• Automatic sliding storefront doors
• Upgraded security system with keypad access and cameras

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,438

Cap Rate

8.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$908,760 $908.8K

Cap Rate 7%

$649,114 $649.1K

Cap Rate 9%

$504,867 $504.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,560 SF

Gross rent

$69.1K $5.98/SF

− Vacancy

−$4.2K −$0.36/SF

EGI

$64.9K $5.62/SF

− OpEx

−$19.5K −$1.68/SF

NOI

$45.4K $3.93/SF

Area

Portage County, OH

Vacancy

6.10%

Lease Rate

$5.98 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$908,760

Cap Rate 7%

$649,114

Cap Rate 9%

$504,867

Alternative Uses

Best Use

Industrial

$649.1K

$568.0K – $757.3K (±1% cap)

NOI $45,438 @ 7.0% cap · market cap 8.26%

Second Best

Flex RnD

$604.8K

$529.2K – $705.6K (±1% cap)

NOI $42,334 @ 7.0% cap · market cap 7.70%

Theoretical Best

Office A

$2.33M

$2.04M – $2.72M (±1% cap)

NOI $162,994 @ 7.0% cap · market cap 29.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Restaurant Hair Salon HVAC Service Auto Parts Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

97

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 44288, OH

3,444

Population

1,384

Households

2.5

Avg Household Size

45

Median Age

12%

College-Educated

83%

High-School Grad

16.9 sq mi

ZIP Area

204

Density / Sq Mi

$65,147

Median Household Income

$43,269

Median Earnings

$1,048

Median Rent

$159,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Flex space offering full climate control, automatic sliding storefront doors, and two restrooms.

Where is this flex space located?

The property is located at 9143 N Main St Windham, OH.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Fully climate‑controlled flex space; Automatic sliding storefront doors; Upgraded security system with keypad access and cameras