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    111 Stow Ave Cuyahoga Falls, OH 44221

    For Sale
    $1,600,000

    Fully Leased Office Investment, 8.11% Cap Rate

    Property size:
    15,842 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a fully leased, 15,842 square foot Class B office building situated at 111 Stow Avenue in Cuyahoga Falls, Ohio. The property, built in 1974, features two stories and a 3,830 square foot basement, including an elevator. Currently boasting 100% occupancy with a mix of short and long-term tenants, this stabilized investment offers a compelling 8.11% cap rate and a Pro-Forma NOI of $129,801. The asking price is $1,600,000, translating to $101 per square foot. The property sits on a 0.21-acre lot (APN 0202854) and benefits from its location on the newly redeveloped Front Street, providing convenient access to State Route 8 and the Akron, Canton, and Cleveland markets. A significant anchor tenant, occupying half the building, has a three-year lease remaining and is currently investing $50,000-$75,000 in improvements, including enhanced security. The surrounding area offers a variety of retail and restaurant options, along with ample city parking. This is a rare opportunity to acquire a well-maintained, high-occupancy office building in a thriving location. The lease type is NNN (Net, Net, Net). The building consists of one structure.

    Property Features for 111 Stow Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,842 SF
    Class
    B
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    2

    HighLights

    • Fully leased, 15,842 SF Class B office building in Cuyahoga Falls, OH.
    • 100% occupancy with a mix of short and long‑term tenants.
    • 8.11% cap rate and $129,801 Pro‑Forma NOI.
    • Asking price: $1,600,000 ($101/SF).
    • Located on redeveloped Front Street with easy access to SR 8 and major markets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    StreamlineMD, LLC. Medical Billing Service Herrnstein Law Legal Services Lori Long Counseling ... Counselor Hillyer Group Financial Consultant Pinnacle Insurance & Financial ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cuyahoga Falls
    County
    Summit
    State
    Ohio
    Longitude
    -81.4828293
    Latitude
    41.1379066

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    FAQs

    What type of property is this?
    Office Property / Space - Fully Leased Office Investment, 8.11% Cap Rate
    Where is this office property / space located?
    The property is located at 111 Stow Ave Cuyahoga Falls, OH.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Fully leased, 15,842 SF Class B office building in Cuyahoga Falls, OH.; 100% occupancy with a mix of short and long-term tenants.; 8.11% cap rate and $129,801 Pro-Forma NOI.
    (234) 231-0229
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    111 Stow Ave Cuyahoga Falls, OH 44221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Stow Ave Cuyahoga Falls, OH 44221
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