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    James M Mangas, Akron, OH

    License ID: 2002005957
    Best Corporate Real Estate
    Association
    Columbus Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (614) 570-9488
    Office Address:
    425 E Beechwold Blvd, Columbus, OH, 43214

    Performance

    Listings
    17

    Listings

    For Sale (10)

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    • Contact for pricing

      Office Building with Parking

      Two-level office building with parking and great visibility.
      2800 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing

      Franklinton Retail and Apartment Building

      Retail space with unfinished apartments in booming Franklinton.
      1338-1350 W Broad St, Columbus, OH 43222
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    • Contact for pricing
      2,981 SF

      Retail/Industrial Space in Franklinton

      2,981 SF retail/industrial space for sale or lease.
      1328 West Broad St, Columbus, OH 43222
      View Details
    • Contact for pricing
      3,504 SF

      Mixed-Use Retail With Renovated Apartment

      Mixed-use property featuring retail space and a renovated apartment.
      1029 E Livingston Ave, Columbus, OH 43205
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    • Contact for pricing

      Reynoldsburg Development Land For Sale

      1.82 acres of development land on E. Livingston Avenue.
      6348 E Livingston Ave, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      3,151 SF

      Maple Heights Warehouse with Mezzanine

      Industrial warehouse space with mezzanine and flexible zoning available for rent.
      16321 Rockside Rd, Maple Heights, OH 44137
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    • Contact for pricing

      Renovated Office Building in Franklinton

      Renovated office building with short-term tenants in Franklinton.
      1251 W Broad St, Columbus, OH 43222
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    • Contact for pricing
      3,150 SF

      Redevelopment Opportunity in Maple Heights

      3,150 SF building for redevelopment near major interstates.
      16321 Rockside Rd, Maple Heights, OH 44137
      View Details
    • $750,000
      12,142 SF

      Office Building with Meeting Room

      A 12,000+ SF office building with a large meeting room and off-street parking, including overflow space.
      2800 South High St, Columbus, OH 43207
      View Details
    • $335,000
      3,280 SF

      Newly Renovated Single-Story Office

      Renovated office building with mostly private offices, kitchen, three bathrooms, and convenient on-site parking.
      1251 West Broad St, Columbus, OH 43222
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    For Lease (7)

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      Proposed Office Warehouse in Lewis Center

      Proposed 12,000 SF office warehouse for lease in Ohio.
      7790 N Central Dr, Lewis Center, OH 43035
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    • Contact for pricing

      Warehouse Facility with Fenced Yard

      21,000 SF warehouse on 1.91 acres with fenced yard.
      2523 Creekway Dr, Columbus, OH 43207
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    • Contact for pricing
      2,400 SF

      Office Warehouse Suite For Rent

      1,200 SF office warehouse suite available 12/1/2024.
      10-106 Village Pointe Dr, Powell, OH 43065
      View Details
    • Contact for pricing
      21,000 SF

      21,000 SF Facility For Lease

      21,000 SF facility with docks, drive-in doors, and fenced yard.
      2523 Creekway Dr, Columbus, OH 43207
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    • Contact for pricing
      12,000 SF

      Office Warehouse in Lewis Center

      Proposed 12,000 SF office warehouse with shared dock.
      7790 N Central Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Former Iron Pony Retail Space

      Retail, showroom, office, service, and warehouse space for lease.
      327 Ashland Rd, Mansfield, OH 44905
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    • $5 SF/Yr

      Flex Warehouse Space for Lease

      Versatile flex warehouse space available for lease in Mansfield, Ohio for storage and operations.
      327 Ashland Rd, Mansfield, OH 44905
      View Details

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    James M Mangas, Akron, OH
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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.

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