7996 Darrow RdTwinsburg, OH 44087

  • Retail properties
  • 46,530 SF
For Sale
$2,800,000 View listing

Property Details for 7996 Darrow Rd

Year built
1995
Lot size
1.07 AC
Property size (Sq ft)
46,530 SF
Property type
Retail properties
Property subtype
Parking lots & garages
APN
62-05855
APU
6205855

Description

This exceptional 46,766 square foot Class B multi-tenant building, located at 7996 Darrow Road in Twinsburg, Ohio (Summit County, zip code 44087), presents a unique investment opportunity. Priced at $2,800,000 ($59.87/sq ft), the property boasts a versatile mix of distribution, flex, and traditional office space, making it ideal for a variety of uses. Its strategic location at the southwest corner of Darrow Road (SR 91) ensures high visibility and accessibility, benefiting from over 17,500 cars passing daily. The building's excellent signage and ample parking further enhance its appeal. The property's proximity to Route 8 and I-271 provides easy access to a large regional market spanning three counties. Currently, the building includes professional office space and a space suitable for special uses, such as a doggie daycare or grooming facility, adjacent to the Humane Society of Summit County. This multi-purpose design offers flexibility and potential for diverse income streams. The building's existing infrastructure and prominent location make it a compelling investment opportunity for both owner-occupiers and investors seeking a strong return.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $13,007,945
    6.5%
    $12,007,333
    7%
    $11,149,667
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,968,089
    Geo Method
    $10,968,089
  • Alternative Use

    Use
    Valuation
    Residential
    $10,128,635
    Hospitality
    $9,277,775
    Educational
    $7,719,000
    Medical
    $7,984,468
    Retail
    $12,007,333
7996 Darrow Rd, Twinsburg, Ohio

Location Insight

City
Twinsburg
County
Summit
State
Ohio
Latitude
41.2833
Longitude
-81.4415
CBSA code
10420
CBSA name
AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$26,060
$1,036,300
$1,062,360
-
$74,450
$2,960,860
$3,035,310

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