Two-Unit Office
For Sale
$185,000
Pending
B-4222 State Route 43, Kent, OH 44240
Unit B offers a right-sized office configuration with prominent exposure along State Route 43.
Property Size1,176 SF
Days on Market108
Property Features for B-4222 State Route 43
General Information
Standard status
Pending
Size
1,176 SF
Taxes and HOA fees
Annual Taxes
$2,208
Building Details
Tenancy
Multi
Listing Agency:
Cutler Real Estate
(330) 896-1680
Listed By:
Steve Burgess · License #2003001789
(330) 327-3393
Source:
Exprealty
Added: Jul 2
Changed: Oct 2
Last Checked: Oct 16 at 1:58PM
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 Cutler Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit B is a 1,176-square-foot office unit within a two-unit commercial building. The space is currently available for purchase and provides a practical footprint for an office user seeking a standalone unit.
The property is located at B-4222 State Route 43 in Kent, Ohio, with visibility from the state route. Its unit-level configuration offers an alternative to occupying an entire office building.
The property is located at B-4222 State Route 43 in Kent, Ohio, with visibility from the state route. Its unit-level configuration offers an alternative to occupying an entire office building.
Key Highlights
- Unit B contains 1,176 square feet of office space
- Located within a two‑unit commercial building
- Visible along State Route 43
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,417
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,340
$288.3K
Cap Rate 7%
$205,957
$206.0K
Cap Rate 9%
$160,189
$160.2K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$25.3K $21.48/SF
− Vacancy
−$6.0K −$5.13/SF
EGI
$19.2K $16.35/SF
− OpEx
−$4.8K −$4.09/SF
NOI
$14.4K $12.26/SF
Area
Portage County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,340
Cap Rate 7%
$205,957
Cap Rate 9%
$160,189
Alternative Uses
Best Use
Office B
$206.0K
$180.2K – $240.3K
NOI $14,417 @ 7.0% cap · market cap 7.79%
Second Best
Healthcare Medical
$175.5K
$153.5K – $204.7K
NOI $12,282 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$236.9K
$207.3K – $276.4K
NOI $16,581 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 44240, OH
38,354
Population
20,228
Households
1.9
Avg Household Size
32
Median Age
44%
College-Educated
96%
High-School Grad
39.7 sq mi
ZIP Area
966
Density / Sq Mi
$57,415
Median Household Income
$31,613
Median Earnings
$989
Median Rent
$216,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Unit B offers a right-sized office configuration with prominent exposure along State Route 43.
Where is this office units located?
The property is located at B-4222 State Route 43 Kent, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Unit B contains 1,176 square feet of office space; Located within a two‑unit commercial building; Visible along State Route 43
