Flex Space with Finished Office
For Sale
$1,200,000
95 16th Street SW, Barberton, OH 44203
COMMERCIAL - Barberton, OH
Property Size6,000 SF
Lot Size0.70 Acres
Price / SF$200
Days on Market116
Property Features for 95 16th Street SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
25
Parking features
Parking Lot
Subdivision
Columbia Center
Elementary school district
Barberton CSD - 7702
Middle school district
Barberton CSD - 7702
High school district
Barberton CSD - 7702
Directions
Wooster Rd West from downtown to 16th St SW. Turn left to the building on the left.
Standard status
Active
APN
0115320
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COLUMBIA CENTER LOT 3 N PT E OF 16TH ST
Tax Annual Amount
6328
Legal Description
COLUMBIA CENTER LOT 3 N PT E OF 16TH ST
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1999
Floors in Building
1
Roof type
Fiberglass, Asphalt
Listing Agency:
Berkshire Hathaway HomeServices Stouffer Realty
(330) 835-4900
Listed By:
William E Snow · License #2013001675
(330) 990-0256
Added: Apr 20
Changed: Aug 4
Last Checked: Aug 13 at 1:06AM
MLS# 5202909
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 flex space industrial facility is well maintained and built in 1999, providing 6,000 square feet total with an approximately 4,500-square-foot open industrial area. An additional 1,500 square feet of finished office space includes private offices, a reception area, and employee facilities, supporting both operational and administrative needs.
The property sits on a 0.7031-acre lot at 95 16th Street SW in Barberton. Heating is provided by natural gas forced-air systems, and the building has central air cooling. The roof is asphalt and fiberglass, and the facility is served by public water and public sewer. Parking is available in a parking lot.
The interior layout is designed to support efficient workflow for light manufacturing, distribution, or service operations, with space that can accommodate production, storage, and equipment use alongside dedicated office functions.
The property sits on a 0.7031-acre lot at 95 16th Street SW in Barberton. Heating is provided by natural gas forced-air systems, and the building has central air cooling. The roof is asphalt and fiberglass, and the facility is served by public water and public sewer. Parking is available in a parking lot.
The interior layout is designed to support efficient workflow for light manufacturing, distribution, or service operations, with space that can accommodate production, storage, and equipment use alongside dedicated office functions.
Key Highlights
- 6,000‑square‑foot flex space with approximately 4,500 square feet of open industrial area
- 1,500‑square‑foot finished office area with private offices, reception, and employee facilities
- Built in 1999
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
$70,962
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
5.91%
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%
$1,419,240
$1.4M
Cap Rate 7%
$1,013,743
$1.0M
Cap Rate 9%
$788,467
$788.5K
Market Conditions
NOI Build-Up for 6,000 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
$101.5K $16.92/SF
− Vacancy
−$6.9K −$1.15/SF
EGI
$94.6K $15.77/SF
− OpEx
−$23.7K −$3.94/SF
NOI
$71.0K $11.83/SF
Area
Summit County, OH
Vacancy
6.80%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
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%
$1,419,240
Cap Rate 7%
$1,013,743
Cap Rate 9%
$788,467
Alternative Uses
Best Use
Office B
$1.01M
$887.0K – $1.18M
NOI $70,962 @ 7.0% cap · market cap 5.91%
Second Best
Warehouse
$412.5K
$361.0K – $481.3K
NOI $28,878 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,072 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44203, OH
39,577
Population
18,198
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
35.0 sq mi
ZIP Area
1,131
Density / Sq Mi
$59,124
Median Household Income
$36,954
Median Earnings
$832
Median Rent
$148,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Nanny’s elicate dishes, catering — 17 14th St NW, Barberton, OH 44203
Frequently Asked Questions
What type of property is this?
Flex space - Flex space offering a finished office area plus open industrial space, served by natural gas heating and central air.
Where is this flex space located?
The property is located at 95 16th Street SW Barberton, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,000‑square‑foot flex space with approximately 4,500 square feet of open industrial area; 1,500‑square‑foot finished office area with private offices, reception, and employee facilities; Built in 1999
