North Olmsted, OH
Commercial Real Estate Market Trends & Data

$353 Avg asking sale price
$16 Avg asking lease rate
8,105 SF Avg unit lease size
88,990 SF Avg building size for sale

North Olmsted's Demographic Profile

North Olmsted has 12,921 households and a median income of $76,256, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 30,555
# Households 12,921
Median age 44
Median household income $76,256
Avg household size 2.0
Renter-occupied housing units 3,183
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near North Olmsted, OH

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Westlake $260 43,857 SF 7.39%
Olmsted Falls $326 3,000 SF 7.66%
Olmsted Twp $242 166,297 SF 7.34%
Berea $252 5,727 SF 7.66%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Olmsted Falls $103 57,948 SF 6.58%
Olmsted Twp $202 29,790 SF 6.58%
Berea $202 29,790 SF 6.58%
Brook Park $108 57,677 SF 6.87%
Nearby Retail Markets Avg Cost/SF Typical Size
North Olmsted $493 1,810 SF
Westlake $293 2,031 SF
Olmsted Twp $196 23,743 SF
Berea $157 21,015 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Brooklyn $77 7,319 SF 12.39%
Lorain $48 14,227 SF 9.24%

Commercial Properties For Sale in North Olmsted

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Starbucks

North Olmsted, OH 44070

  • 2,200 SF Retail Building
  • $2,150,000
For Sale

Westlake Professional Campus

Westlake, OH 44145

  • 8,744 SF Office Building
  • $425,000
For Sale

30791 Lorain Rd

North Olmsted, OH 44070

  • 1,200 SF Retail Building
  • $250,000
For Sale

Liberty Pky

North Ridgeville, OH 44039

  • 12.76 AC Lot
  • 1 Industrial Lot
  • $1,125,000
For Sale

30450 Lorain Rd

North Olmsted, OH 44070

  • 6,044 SF Specialty
  • Price Upon Request
For Sale

VELOCITY CORPORATE CENTER

North Olmsted, OH 44039

  • 70 AC Lot
  • 1 Commercial Lot
  • Price Upon Request

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether North Olmsted pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
North Olmsted $353 88,990 SF
Westlake $373 35,893 SF
Olmsted Falls $167 43,115 SF
Olmsted Twp $170 92,184 SF
Berea $155 21,923 SF

Regional Demographic Comparison

This comparison places North Olmsted alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in North Olmsted or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
North Olmsted 30,555 12,921 44 $76,256 2 3,183 -3%
Westlake 32,724 13,926 47 $100,456 2 4,281 -3%
Olmsted Falls 8,413 3,545 45 $88,856 2 614 -2%
Olmsted Twp 21,728 9,056 45 $85,018 2 1,967 -3%
Berea 17,207 7,156 40 $63,516 2 2,150 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in North Olmsted, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in North Olmsted

View All Commercial Real Estate For Sale in North Olmsted
Is North Olmsted a good market for a first-time commercial real estate investor?

North Olmsted offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in North Olmsted?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in North Olmsted. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in North Olmsted?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for North Olmsted. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does North Olmsted compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to North Olmsted. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for North Olmsted acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in North Olmsted, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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