Sheffield, OH
Commercial Real Estate Market Trends & Data

$217 Avg asking sale price
$14 Avg asking lease rate
22,146 SF Avg unit lease size
6,448 SF Avg building size for sale
6.38% Average cap rate

Sheffield's Demographic Profile

Sheffield has 1,894 households and a median income of $88,333, providing context for rent absorption and tenant demand across retail and multifamily assets. A +5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 4,455
# Households 1,894
Median age 51
Median household income $88,333
Avg household size 2.0
Renter-occupied housing units 605
5-year population change +5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Sheffield, OH

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Sheffield $242 5,566 SF 6.00%
Avon $248 3,979 SF 6.00%
Lorain $80 5,547 SF 10.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Olmsted Falls $103 57,948 SF 6.58%
Olmsted Twp $143 29,790 SF 6.58%
Nearby Retail Markets Avg Cost/SF Typical Size
Sheffield $106 11,312 SF
Avon $459 13,802 SF
Lorain $62 21,112 SF
Avon Lake $322 14,396 SF
Elyria $66 43,492 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lorain $48 14,227 SF 9.24%
Amherst $22 5,852 SF 9.24%
Oberlin $80 11,814 SF 9.30%

Commercial Properties For Sale in Sheffield

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

5311 Meadow Lane Ct

Sheffield Village, OH 44035

  • 1,307 SF Office Building
  • $140,000
For Sale

9.47 AC Potential Development Opportunity

Sheffield, OH 44055

  • 9.50 AC Lot
  • 1 Commercial Lot
  • $360,000
For Sale

Take 5 Oil Change

Elyria, OH 44035

  • 1,683 SF Office Building
  • 6.00% Cap Rate
  • $2,000,000
For Sale

Seneca Studios

Lorain, OH 44055

  • 10,000 SF Multifamily
  • $699,000
For Sale

4259 E Lake Rd

Lorain, OH 44054

  • 7,275 SF Office Building
  • $975,000
For Sale

Pizza Hut

Elyria, OH 44035

  • 2,890 SF Retail Building
  • 6.75% Cap Rate
  • $1,496,889

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Sheffield $217 6,448 SF
Sheffield Village $107 1,307 SF
Sheffield Lake $154 7,710 SF
Avon $342 5,227 SF
Lorain $69 17,444 SF

Regional Demographic Comparison

This comparison places Sheffield 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 Sheffield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Sheffield 4,455 1,894 51 $88,333 2 605 5%
Sheffield Lake 9,157 3,931 43 $64,851 2 1,164 4%
Avon 24,952 8,887 42 $118,199 3 1,441 3%
Lorain 69,497 28,363 40 $43,775 2 12,742 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Sheffield, 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 Sheffield

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

Sheffield 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 Sheffield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Sheffield. 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 Sheffield?

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

How does Sheffield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Sheffield. 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 Sheffield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Sheffield, 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.

Nearby Market Trends