Updated about 9 years ago on . Most recent reply
CAP rate in Wayne County, Ohio?
Does anyone (brokers/otherwise) have any experience with commercial multifamily (5+ units) in Wayne County? Specifically, what seems to be the going CAP rate for the area? The property we are considering is in NE Wayne County; it is ~20-30 minutes SW of Akron, and about 50-60 minutes South of Cleveland.
It's a 'nice/safe' area, but it's a small town with no real population/employment growth to speak of. Early 2000's construction.
Any thoughts are greatly appreciated...