Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    112 Tallmadge Road Kent, OH 44240

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $600,000

    COMMERCIAL - Kent, OH

    Lot size:
    5.00 Acres
    Added:
    Nov 20, 2024
    Days on Market:
    513
    Last Refresh:
    Apr 17 at 3:06 am

    Property Features for 112 Tallmadge Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway
    Vegetation
    Wooded
    Standard status
    Active Under Contract
    APN
    04-037-00-00-011-000
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    LOT 37
    Tax Annual Amount
    2730

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Steve Thompson

    Listing agent Steve Thompson License #2019000397

    Listing office Berkshire Hathaway HomeServices Stouffer Realty 4030 State Route 43, Ste 204, Fairlawn, OH

    Listing date Nov 20, 2024

    MLS# 5085967 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Near I-76

    This 5-acre commercial land is located within a minute of I-76 and is near many retail establishments. The property is zoned integrated commercial, offering flexibility for various uses, ranging from retail to professional office to multi-family residential. There is a house on the property that could be renovated for use as office space. City water is available just to the east of the property, having been run through the Dunkin' Donuts property. Electric, gas, and public sewer are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.3898271
    Latitude
    41.1002601

    Nearby Similar for Sale

    • $215,000
      2,100 SF

      Income-Producing Multifamily Near Kent State

      Multifamily property near Kent State, ideal for rental income.
      209 Dodge Street, Kent, OH 44240
      View Details
    • Contact for pricing
      1,740 SF

      Kent, OH Duplex Investment Opportunity

      Two duplexes near Kent State University, offered at online auction.
      1393 - 1397 Loop Road, Kent, OH 44240
      View Details
    • Contact for pricing
      1,740 SF

      Kent Duplexes Near KSU

      Two duplexes near Kent State University, offered at online auction.
      1572 E Summit Street, Kent, OH 44240
      View Details
    • $320,000
      2,964 SF

      Kent, OH Four-Unit Multifamily Property

      Four-unit investment property with solid rental history near schools.
      1302 Walnut Street, Kent, OH 44240
      View Details
    • $659,000
      1,708 SF

      Highway Commercial Property For Sale

      1,708 SF building on 0.92 acres in high-traffic area.
      4260 State Route 43, Kent, OH
      View Details
    • $850,000
      3,992 SF

      Kent Mixed-Use Redevelopment Opportunity

      Landmark Kent property with redevelopment potential near downtown and KSU.
      103 Lake Street, Kent, OH 44240
      View Details
    • $630,000
      6 SF

      6.3 Acre Commercial Land Parcel

      Located in a regional power center with high traffic counts.
      4050 Cascades Boulevard, Kent, OH, 44240
      View Details
    • $300,000
      1,288 SF

      Commercial Lot on Tallmadge Road

      0.55 acre commercial lot with frontage on Tallmadge Road.
      166 Tallmadge Road, Kent, OH 44240
      View Details
    • $500,000
      1 SF

      1.33 Acre Development Opportunity

      1.33 acre development opportunity with high visibility and traffic.
      496 Tallmadge Rd, Kent, OH 44240
      View Details
    • $350,000
      1,510 SF

      Versatile Commercial Land Near I-76

      Integrated commercial land suitable for retail, office, or residential development.
      136 Tallmadge Road, Kent, OH 44240
      View Details
    • $395,000

      Kent, OH Commercial Land

      5-acre commercial land near I-76 with development potential.
      124 Tallmadge Road, Kent, OH 44240
      View Details
    • $1,250,000

      Kent, OH Commercial Land

      Two lots totaling 5.64 acres in Kent, Ohio.
      4363 State Route 43, Kent, OH 44240
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5-acre commercial land with development potential near retail establishments.
    Where is this commercial land located?
    The property is located at 112 Tallmadge Road Kent, OH.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Integrated commercial zoning offers flexibility.; Convenient highway access: Located within a minute of I‑76.; Proximity to retail: Near many retail establishments.
    (330) 289-5658
    We can help!
    Listing Contact
    Steve Thompson
    Real Estate License ID: 2019000397
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!