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34 Executive Dr 6,107 SF 100% Leased Office Building Norwalk, OH 44857 $565,000 ($92.52/SF) 12% Cap Rate
Executive Summary
EXCELLENT INVESTMENT OPPORTUNITY - 12%+ CAP RATE
Prime Medical/Office Building | Norwalk's South Side
Positioned in the highly desirable Executive Estates Subdivision on Norwalk's south side, this multi-unit medical/office building presents a rare opportunity for investors seeking strong cash flow and long-term stability.
? Fully Leased to Top-Tier Single Tenant
? Lease Commencing June 1, 2026
? 5-Year Variable Index Lease Term
? Additional 5-Year Renewal Option (Through May 2036)
? 12%+ CAP Rate
The property offers a functional and professional layout ideal for medical or professional office use. It has been well maintained and provides dependable income backed by a quality tenant.
Lease Highlights:
Variable index lease structure
Tenant responsibilities: Taxes, Insurance, Utilities
Landlord responsibilities: Maintenance/Repair of Building, HVAC, Common Areas
Stable, long-term tenancy with renewal option
Strategic Regional Location
Conveniently situated within approximately one hour of Cleveland and Toledo, and under two hours from Columbus, this property benefits from excellent regional accessibility while serving the growing Norwalk market.
This is a turnkey investment opportunity offering strong returns, reliable tenancy, and long-term upsidean outstanding addition to any commercial real estate portfolio.
Prime Medical/Office Building | Norwalk's South Side
Positioned in the highly desirable Executive Estates Subdivision on Norwalk's south side, this multi-unit medical/office building presents a rare opportunity for investors seeking strong cash flow and long-term stability.
? Fully Leased to Top-Tier Single Tenant
? Lease Commencing June 1, 2026
? 5-Year Variable Index Lease Term
? Additional 5-Year Renewal Option (Through May 2036)
? 12%+ CAP Rate
The property offers a functional and professional layout ideal for medical or professional office use. It has been well maintained and provides dependable income backed by a quality tenant.
Lease Highlights:
Variable index lease structure
Tenant responsibilities: Taxes, Insurance, Utilities
Landlord responsibilities: Maintenance/Repair of Building, HVAC, Common Areas
Stable, long-term tenancy with renewal option
Strategic Regional Location
Conveniently situated within approximately one hour of Cleveland and Toledo, and under two hours from Columbus, this property benefits from excellent regional accessibility while serving the growing Norwalk market.
This is a turnkey investment opportunity offering strong returns, reliable tenancy, and long-term upsidean outstanding addition to any commercial real estate portfolio.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,107 SF
Building Class
C
Year Built
1891
Price
$565,000
Price Per SF
$92.52
Cap Rate
12%
NOI
$67,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,107 SF
Building FAR
0.19
Lot Size
0.75 AC
Zoning
B-1 - B-1
Parking
40 Spaces (6.55 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste B | 1,895 SF | Office/Medical | - | Now |
| 1st Fl-Ste C | 1,800 SF | Office/Medical | - | Now |
1st Fl-Ste B
| Size |
| 1,895 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste C
| Size |
| 1,800 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste B
| Size | 1,895 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste C
| Size | 1,800 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 33-004B-01-024-2300 | Improvements Assessment | $106,800 |
| Land Assessment | $20,350 | Total Assessment | $127,150 |
Property Taxes
Parcel Number
33-004B-01-024-2300
Land Assessment
$20,350
Improvements Assessment
$106,800
Total Assessment
$127,150
1 of 44
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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34 Executive Dr
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