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Property profile & analytics
OFF-MARKET
Retail space

874 Aurora Rd Macedonia, OH 44056-1904

3,936 SF 0.42 ac lot Built 1969
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-1677417
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased, three-unit retail center in Macedonia, Ohio, boasting nearly 4,000 square feet of rentable space on a 0.42-acre lot. Currently operating at 80% occupancy, the property generates a stable monthly income of $2,850 plus CAM fees from established tenants, including a daycare and salon. A vacant 1,500 square foot unit offers significant upside potential, projecting a total pro forma monthly income of $4,350 plus CAM fees. Recent improvements include a brand-new (2023) 17-space parking lot. Each unit features its own Trane furnace (inspected annually), private hot water tank, and bathroom. A recent 30-foot sewer scope confirmed no blockages. The property is conveniently located off I-271, a major thoroughfare with high daily traffic volume (15,000-18,000 vehicles directly, and over 60,000 vehicles on nearby I-271), and is surrounded by national retailers such as Starbucks, Hobby Lobby, Planet Fitness, Home Depot, Nordstrom Rack, and Pulp, ensuring high visibility and accessibility. Situated in a thriving area with a median household income exceeding $100,000 and a growing population, this B-1 zoned property in the Convenience Business District offers strong leasing potential and immediate cash flow in one of Northeast Ohio's most desirable markets. While the age of the roof and mechanical systems is unknown, the property's recent upgrades and strong tenant base make it a compelling investment.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Total area 3,936 SF
Lot 0.42 ac (18,295 SF)
APN 33-03507
UPID US66-1677417
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
  • S D Oswiecinski Inc Dental Office
  • Alexander Kathy Dental Office
  • Kairo Kids Childcare Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Aurora 3 LLC · 1 yrs held
Aurora 3 LLC
since 2025
6 recorded transactions
2025
$355,000
2025
Price N/A
2025
Price N/A
2006
Price N/A
2001
Price N/A
2001
$145,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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