Renovated Flex Office
For Sale
Contact for pricing
9261 Ravenna Road, Twinsburg, OH 44087
Adaptable commercial layout currently configured for office use with the ability to accommodate warehouse operations.
Property Size1,860 SF
Price / SF$100
Days on Market56
Property Features for 9261 Ravenna Road
General Information
Standard status
Active
Size
1,860 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Office Build-Out
1,260 SF
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
Bill Saltzman · License #OH SAL.2003015696
(216) 525-1499
Source:
Crexi
Added: Sep 10
Changed: Oct 25
Last Checked: Nov 3 at 6:05AM
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 Cushman & Wakefield | CRESCO Real Estate
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Investment Insights
Based on property information with market context.
This 1,860-square-foot flex space condo combines recently renovated office finishes with a layout that can support changing operational requirements. The current configuration includes 1,260 square feet of office area, while the interior can be reworked for a business needing warehouse functionality. The property is suited to an owner-user seeking a flexible commercial setting rather than a conventional office-only environment.
Located on State Route 14, also known as Ravenna Road, the property is minutes from I-480. That position provides access to I-271, the Ohio Turnpike via I-80, and the greater Cleveland area. Nearby business neighbors identified in the property information include PepsiCo, FedEx, University Hospitals, Cleveland Clinic, Amazon, U.S. Foods, and Rockwell Automation.
Located on State Route 14, also known as Ravenna Road, the property is minutes from I-480. That position provides access to I-271, the Ohio Turnpike via I-80, and the greater Cleveland area. Nearby business neighbors identified in the property information include PepsiCo, FedEx, University Hospitals, Cleveland Clinic, Amazon, U.S. Foods, and Rockwell Automation.
Key Highlights
- 1,860 SF flex/office condo
- 1,260 SF currently configured as office space
- Recently renovated office finishes throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,372
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,440
$147.4K
Cap Rate 7%
$105,314
$105.3K
Cap Rate 9%
$81,911
$81.9K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$10.9K $5.88/SF
− Vacancy
−$405 −$0.22/SF
EGI
$10.5K $5.66/SF
− OpEx
−$3.2K −$1.70/SF
NOI
$7.4K $3.96/SF
Area
Summit County, OH
Vacancy
3.70%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,440
Cap Rate 7%
$105,314
Cap Rate 9%
$81,911
Alternative Uses
Best Use
Industrial
$105.3K
$92.2K – $122.9K
NOI $7,372 @ 7.0% cap · market cap 3.96%
Second Best
Flex RnD
$95.8K
$83.8K – $111.8K
NOI $6,706 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$456.5K
$399.4K – $532.5K
NOI $31,952 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44087, OH
22,626
Population
9,146
Households
2.5
Avg Household Size
44
Median Age
47%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,257
Density / Sq Mi
$95,810
Median Household Income
$59,762
Median Earnings
$1,333
Median Rent
$290,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial layout currently configured for office use with the ability to accommodate warehouse operations.
Where is this flex space located?
The property is located at 9261 Ravenna Road Twinsburg, OH.
What is the asking price?
The asking price for this property is $186,000.
What are key features of this property?
This property features: 1,860 SF flex/office condo; 1,260 SF currently configured as office space; Recently renovated office finishes throughout
