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    Hartville Mixed-Use Commercial Property Title is generated by Realmo AI

    13390 Ravenna Avenue NE, Hartville, OH 44632

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    Claim this Listing
    For Sale
    $399,900

    COMMERCIAL - Hartville, OH

    Property size:
    1,100 SF
    Lot size:
    0.79 Acres
    Price / SF:
    $363/SF
    Added:
    Mar 5, 2026
    Days on Market:
    78
    Last Refresh:
    May 22 at 5:06 am

    Property Features for 13390 Ravenna Avenue NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Active
    APN
    03103989
    Size
    1,100 SF
    Lot size
    0.79 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    9 SE .79A
    Tax Annual Amount
    2088

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Baseboard
    Cooling system
    Wall Unit(s)
    Water source
    Well, Private

    Building Details

    Year built
    1984
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Cody Rankin
    Cody Rankin

    Listing agent Cody Rankin License #2017000776

    Listing office Keller Williams Chervenic Rlty 3333 Massillon Rd Suite #10, Stow, OH

    Listing date Mar 5, 2026

    MLS# 5191079

    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.

    HighLights

    • 96' x 40' warehouse with full bathroom, wood‑burning stove, and fuel oil furnace offers substantial space.
    • Located in a B2 commercial corridor within a residential zone, allowing for business operations.
    • 0.79 acre lot with office space, warehouse, and residential potential provides exceptional flexibility.
    • Main ranch building with 1,100 sq ft above grade and 700 sq ft finished basement, featuring 1 bedroom and 3 full bathrooms.
    • Ideal for business owners, contractors, investors, or those seeking a live‑work property.
    • Includes a 2‑car detached garage for additional storage or workspace.

    Overview

    Located in Hartville, Ohio, this mixed-use property offers flexibility for business owners, contractors, investors, or those seeking a live-work space. Situated on 0.79 acres along Ravenna Ave, the property includes office space, warehouse storage, and residential potential. The main ranch building, originally built as a residence and later converted to office use, offers 1,100 sq ft above grade with an additional 700 sq ft of finished basement space. The layout includes 1 bedroom and 3 full bathrooms, providing flexibility for continued office space, a home-based business, or potential conversion back to residential living. A 96' x 40' warehouse offers substantial space for equipment storage, workshop use, contractor operations, or small business needs. The warehouse is equipped with a full bathroom, a wood-burning stove, and a fuel oil furnace. Additional improvements include a 2-car detached garage. While the parcel is zoned residential, it is located within a B2 commercial corridor, allowing businesses to operate from the property. This property offers a functional space that can support both business operations and residential possibilities in a convenient Hartville location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rankin Lawn Care Landscaping

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Food Market Grocery & Convenience Store Garden Center Car Rental Facility Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartville
    County
    Stark
    State
    Ohio
    Longitude
    -81.25053
    Latitude
    40.966072

    FAQs

    What type of property is this?
    Mixed-use property - Versatile property with office, warehouse, and residential potential.
    Where is this mixed-use property located?
    The property is located at 13390 Ravenna Avenue NE Hartville, OH.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: 96' x 40' warehouse with full bathroom, wood‑burning stove, and fuel oil furnace offers substantial space.; Located in a B2 commercial corridor within a residential zone, allowing for business operations.; 0.79 acre lot with office space, warehouse, and residential potential provides exceptional flexibility.
    (330) 696-8452
    We can help!
    Listing Contact
    Cody Rankin
    Cody Rankin
    Real Estate License ID: 2017000776
    Learn More
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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
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