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 Market8
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:
Alex Valletto · License #OH 2023000834
Source:
Crexi
Added: Sep 10
Changed: Sep 16
Last Checked: Sep 16 at 2:23PM
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
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 = 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
$7,372
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
3.96%
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%
$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
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
$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 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%
$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.
Property 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
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 - 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
