Live-Work Property with
For Sale
$374,900
13390 Ravenna Avenue NE, Hartville, OH 44632
CommercialSale, Hartville, OH
Property Size3,840 SF
Lot Size0.79 Acres
Price / SF$97.63
Days on Market83
Property Features for 13390 Ravenna Avenue NE
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Elementary school district
Marlington LSD - 7608
Middle school district
Marlington LSD - 7608
High school district
Marlington LSD - 7608
Directions
Head North on 44 from 619. Property will be on the right side of the road.
Standard status
Active
APN
03103989
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2088
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Baseboard
Cooling system
Wall Unit(s)
Water source
Private, Well
Building Details
Year built
1984
Roof type
Asphalt, Fiberglass
Listing Agency:
Tanner Real Estate Co.
(330) 823-8880
Listed By:
Lisa M Trummer · License #2006001890
(330) 257-0870
Added: Jun 8
Changed: Aug 20
Last Checked: Aug 29 at 2:06PM
MLS# 5216967
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.
Investment Insights
Based on property information with market context.
This live-work property includes a ranch-style residence with 1,100 square feet above grade, a finished basement, 1 bedroom, and 3 full bathrooms. A detached 2-car garage and a separate 96' x 40' warehouse add substantial utility for storage, equipment, workshops, or business operations. The warehouse also contains a full bathroom and is heated by both a wood-burning stove and a fuel-oil furnace.
Set on 0.79 acres at 13390 Ravenna Avenue NE in Hartville, Ohio, the property has residential zoning and is situated within a B2 commercial area. Additional property systems include electric and baseboard heating, wall-unit cooling, a private well, septic tank, and an asphalt and fiberglass roof. Built in 1984, the property offers a combination of residential and commercial-oriented improvements.
Set on 0.79 acres at 13390 Ravenna Avenue NE in Hartville, Ohio, the property has residential zoning and is situated within a B2 commercial area. Additional property systems include electric and baseboard heating, wall-unit cooling, a private well, septic tank, and an asphalt and fiberglass roof. Built in 1984, the property offers a combination of residential and commercial-oriented improvements.
Key Highlights
- 0.79‑acre property at 13390 Ravenna Avenue NE, Hartville, OH 44632
- 1,100 sq ft above grade with a finished basement
- 96' x 40' warehouse with full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,754
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,080
$315.1K
Cap Rate 7%
$225,057
$225.1K
Cap Rate 9%
$175,044
$175.0K
Market Conditions
NOI Build-Up for 3,840 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.9K $4.91/SF
− Vacancy
−$321 −$0.08/SF
EGI
$18.5K $4.83/SF
− OpEx
−$2.8K −$0.72/SF
NOI
$15.8K $4.10/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,080
Cap Rate 7%
$225,057
Cap Rate 9%
$175,044
Alternative Uses
Best Use
Office B
$662.8K
$580.0K – $773.3K
NOI $46,397 @ 7.0% cap · market cap 12.38%
Second Best
Warehouse
$225.1K
$196.9K – $262.6K
NOI $15,754 @ 7.0% cap · market cap 4.20%
Theoretical Best
Retail
$1.00M
$877.3K – $1.17M
NOI $70,181 @ 7.0% cap · market cap 18.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 44632, OH
10,047
Population
4,066
Households
2.5
Avg Household Size
43
Median Age
32%
College-Educated
93%
High-School Grad
27.8 sq mi
ZIP Area
361
Density / Sq Mi
$88,448
Median Household Income
$48,777
Median Earnings
$999
Median Rent
$259,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Ranch-style improvements include a finished basement, detached garage, and additional space for business or storage use.
Where is this live-work space located?
The property is located at 13390 Ravenna Avenue NE Hartville, OH.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 0.79‑acre property at 13390 Ravenna Avenue NE, Hartville, OH 44632; 1,100 sq ft above grade with a finished basement; 96' x 40' warehouse with full bathroom
