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    FOR LEASE
    Medical Office Space

    111 Stow Ave 104, Cuyahoga Falls, OH 44221

    19,672 SF 0.21 ac lot Built 1974
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US66-2568515
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1974
    Total area 19,672 SF
    Lot 0.21 ac (8,973 SF)
    APN 02-02854
    UPID US66-2568515
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • StreamlineMD, LLC. Medical Billing Service
    • Herrnstein Law Law Firm
    • Lori Long Counseling Services, LLC. Counselor Family Counselor
    • Hillyer Group Financial Advisor
    • Pinnacle Insurance & Financial Services Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $881k
    Blend (final) Blend
    $695k
    Owner & transaction history
    Fae 452072r Curley LLC · 11 yrs held
    Fae 452072r Curley LLC
    since 2014
    2 recorded transactions
    2019
    2014
    $750,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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