Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Modern Coworking Space Available Title is generated by Realmo AI

    45 N Chillicothe Road, Aurora, OH 44202

    View on Map
    Claim this Listing
    For Lease
    $725 /Mo

    COMMERCIAL - Aurora, OH

    Type:Office
    Lot size:
    0.83 Acres
    Added:
    Jun 27, 2025
    Days on Market:
    325
    Last Refresh:
    May 17 at 10:06 am

    Property Features for 45 N Chillicothe Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    030170000048000
    Lot size
    0.83 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1875

    We can help!

    Listing Contact
    Patricia S Kurtz

    Listing agent Patricia S Kurtz License #2006007481

    Listing office Keller Williams Chervenic Rlty 148 N Main St., Stow, OH

    Listing date Jun 27, 2025

    MLS# 5135084

    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

    • Modern coworking environment designed for productivity, flexibility, and community.
    • Conference room access (up to 4 hours/month) with free WiFi, coffee, and seating for up to 12 people.
    • Lounge area for informal meetings and breaks.
    • Essential office tools provided: wireless printing, scanning, copying, high‑speed WiFi, and supplies.
    • On‑site professional development events with local experts.
    • Wet bar with Keurig and refrigerator.

    Overview

    The Work Station is a modern coworking environment designed to boost productivity and foster professional growth. This space offers a blend of focus, flexibility, and community suitable for freelancers, entrepreneurs, and remote workers. A conference room is available for private meetings, included for up to 4 hours per month, accommodating up to 12 people and equipped with WiFi, coffee, water, and client-ready amenities. The lounge area provides a casual living room-style space for informal meetings or coffee breaks. The property includes restrooms, a wet bar with a Keurig for coffee or tea, and a refrigerator. Essential office tools such as wireless printing, scanning, copying, high-speed WiFi, and supplies are provided. On-site professional development events are hosted, featuring local experts like accountants, attorneys, and business advisors who provide insights in a relaxed seminar setting. The property is located in Aurora, OH, in Portage County, with a lot size of 0.83 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aurora Health and Wellness ... Alternative Medicine Practice Aurora Family Chiropractic Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Aurora
    County
    Portage
    State
    Ohio
    Longitude
    -81.3463331
    Latitude
    41.3187031

    Nearby Similar for Lease

    • $18 SF/Yr
      14,500 SF

      Charming Office Space in Aurora

      Historic office space with modern features and ample parking.
      33 North Chillicothe Road, Aurora, OH, 44202
      View Details
    • $10 SF/Yr
      7,200 SF

      Affordable Office Space in Aurora

      7,200 SF office space with highway access and ample parking.
      1263 S Chillicothe Rd, Aurora, OH
      View Details
    • $18 SF/Yr
      6,785 SF

      Aurora Office Space For Lease

      Available office space in Aurora, Ohio, totaling 6,785 square feet.
      33- 35 Chillicothe Road, Aurora, OH, 44202
      View Details
    • Contact for pricing
      30,000 SF

      Aurora Industrial Space Available

      Industrial space available for rent in Aurora, Ohio.
      325 Campus Dr, Aurora, OH 44202
      View Details
    • Contact for pricing
      60,000 SF

      Aurora Warehouse with Dock Access

      60,000 SF warehouse with docks, drive-in, and ample power.
      125 Lena Dr, Aurora, OH
      View Details
    • Contact for pricing
      2,492 SF

      Retail Space in Barrington Square

      Retail property available for lease in Aurora, Ohio.
      55 Barrington Town Square Dr, Aurora, OH
      View Details
    • Contact for pricing
      2,569 SF

      Retail Space in Aurora, Ohio

      Retail space available in a community location.
      29 S Aurora Rd, Aurora, OH 44202
      View Details
    • Contact for pricing
      88,000 SF

      Aurora Warehouse Space Available

      88,000 sq ft warehouse space for rent in Aurora, OH.
      1333-1373 S Chillicothe Rd, Aurora, OH
      View Details

    FAQs

    What type of property is this?
    Coworking space - Productive coworking environment with amenities and professional development events.
    Where is this coworking space located?
    The property is located at 45 N Chillicothe Road Aurora, OH.
    What is the lease rate?
    The lease rate is $725 /Mo.
    What are key features of this property?
    This property features: Modern coworking environment designed for productivity, flexibility, and community.; Conference room access (up to 4 hours/month) with free WiFi, coffee, and seating for up to 12 people.; Lounge area for informal meetings and breaks.
    (330) 802-1675
    We can help!
    Listing Contact
    Patricia S Kurtz
    Real Estate License ID: 2006007481
    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

    Thank You for Inquiry
    45 N Chillicothe Road, Aurora, OH 44202
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!