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    For Sale (21)

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    Versatile Commercial Space in Crestline
    $184,900
    30,000 SF

    Versatile Commercial Space in Crestline

    30,000 sq ft commercial property on 4.42 acres.

    202 Livingston Ave, Crestline, OH 44827
    View details
    Equipped Restaurant Building For Sale
    $129,900
    2,628 SF

    Equipped Restaurant Building For Sale

    2628 SF commercial building with equipped kitchen and dining space.

    325 Center St, Bellevue, OH 44811
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    Bucyrus Commercial Opportunity For Sale
    $99,900
    833 SF

    Bucyrus Commercial Opportunity For Sale

    Commercial building suitable for a car lot or auto repair.

    322 Sandusky Ave, Bucyrus, OH 44820
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    Vacant Corner Lot in Ontario
    $39,000

    Vacant Corner Lot in Ontario

    Corner lot near shopping and restaurants with public utilities.

    3308 Park Ave West, Ontario, OH 44906
    View details
    Ontario, OH Acreage For Sale
    $39,900
    1.00 Acre

    Ontario, OH Acreage For Sale

    One-acre corner lot in Ontario Schools, partially cleared, driveway in.

    3516 Muirfield Dr, Ontario, OH 44906
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    Spacious Land in Mansfield, OH
    $36,500
    1.67 Acres

    Spacious Land in Mansfield, OH

    1.67 acre lot with easy access to amenities.

    Mount Zion Rd, Mansfield, OH 44903
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    17 Acres of Farmland
    $300,000
    17.37 Acres

    17 Acres of Farmland

    17 acres of farmland near State Route 30.

    Snodgrass Rd, Mansfield, OH 44903
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    Bellevue Land For Sale
    $139,000
    5.02 Acres

    Bellevue Land For Sale

    5+ acre parcel suitable for farming or building purposes.

    Rt 4 - B St, Bellevue, OH 44811
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    Bellevue, OH Agricultural Vacant Land
    $139,900
    5.01 Acres

    Bellevue, OH Agricultural Vacant Land

    5-acre agricultural land in a peaceful rural location.

    4 - A State Rte, Bellevue, OH 44811
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    Established Ice Cream Shop
    $238,000
    8,000 SF

    Established Ice Cream Shop

    Charming ice cream shop with equipment and room for growth.

    503 Main St, Attica, OH 44807
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    Ontario Commercial Building For Sale
    $365,900
    2,400 SF

    Ontario Commercial Building For Sale

    Professional building in Ontario, ideal for office or retail.

    25 Lexington Springmill Rd, Mansfield, OH 44906
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    Established Turnkey Lounge in Mansfield
    $180,000
    1,263 SF

    Established Turnkey Lounge in Mansfield

    Turnkey lounge with recent updates and transferable liquor license.

    451 Grace St, Mansfield, OH 44905
    View details
    Candlewood Lake Land Opportunity
    Contact for pricing
    0.33 Acres

    Candlewood Lake Land Opportunity

    Two lots in a gated community with lake access.

    7326 Unit 3, Mount Gilead, OH 43338
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    Buildable Lot in Holiday Lakes
    Contact for pricing
    0.46 Acres

    Buildable Lot in Holiday Lakes

    Nearly half-acre lot with community amenities in Holiday Lakes.

    Big Bass Rd, Willard, OH 44890
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    Unique Industrial Property in Loudonville
    $192,000
    23,000 SF

    Unique Industrial Property in Loudonville

    Six-story factory with office space and grain silo.

    945 Mill Rd, Loudonville, OH 44842
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    Candlewood Lake RV Lots
    $34,900
    0.13 Acres

    Candlewood Lake RV Lots

    Corner lots with RV, pavilion, and lake access.

    7326 Lots 320-321, Mount Gilead, OH 43338
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    Turnkey Cafe and Bar Space
    Contact for pricing
    2,479 SF

    Turnkey Cafe and Bar Space

    Fully built-out cafe/bar with drive-thru, patio, and equipment.

    40 Main St, Lexington, OH 44904
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    Modern Office Suite on Main
    Contact for pricing
    260 SF

    Modern Office Suite on Main

    Newly constructed office suite with high-end finishes and great visibility.

    40 Main St, Lexington, OH 44904
    View details
    Versatile Commercial Property in Crestline
    Contact for pricing
    30,000 SF

    Versatile Commercial Property in Crestline

    4.42 acres with 30,000 sq ft of versatile space.

    202 W Livingston Ave, Crestline, OH 44827
    View details
    Versatile Commercial Property in Crestline
    Contact for pricing

    Versatile Commercial Property in Crestline

    Expansive commercial property with versatile space and essential amenities.

    202 W Livingston Ave, Crestline, OH 44827
    View details
    Lexington-Springmill Road Commercial Property
    $369,900

    Lexington-Springmill Road Commercial Property

    Commercial property for sale on Lexington-Springmill Road.

    25 S Lexington Springmill Rd, Mansfield, OH 44906
    View details

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    Sluss Realty Co.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Sluss Realty Co.
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