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

    14867 Beechwood Dr Newbury, OH 44065

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,065,000

    Eight Properties, Kiwanis Lake, Updated

    Property Features for 14867 Beechwood Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1928

    We can help!

    Listing Contact
    Diane Russo Armington
    Diane Russo Armington

    Listing Agency: Berkshire Hathaway HomeServices Professional Realty Listing Agent: Diane Russo Armington

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity encompasses eight properties nestled within the desirable Kiwanis Lake Subdivision in Newbury, OH. One of these properties, located at 14867 Beechwood Drive, is a charming home that has undergone a complete renovation. Improvements include a new roof, updated windows, a significant 400+ square foot addition expanding the living space, the addition of three bedrooms and two full bathrooms, fresh flooring throughout, and enhanced landscaping. The electrical panel has also been upgraded to a 200-amp service. The home sits on a 0.07-acre lot. The entire package offers a unique chance to acquire multiple properties in a private community boasting exclusive recreational amenities. Kiwanis Lake Subdivision provides residents with private lake access for swimming and fishing, along with boating facilities. This friendly and secluded community offers a tranquil lifestyle. The properties are served by the highly-regarded West Geauga Schools. Additional parcel numbers, addresses, and a rental roll are available in supplemental documents. Disclosures will be provided upon request. Please note that showings are only permitted after an accepted contract, and tenants should not be disturbed. Another property, 14606 Castlewood, is offered separately (MLS#5080826). This is a rare opportunity to acquire a substantial portfolio of properties in a highly sought-after location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Newbury
    County
    Geauga
    State
    Ohio
    Longitude
    -81.22681
    Latitude
    41.46523

    Nearby Similar for Sale

    • $250,000
      Pending

      Retail Business in Newbury

      Commercial building with retail business for sale in Newbury, Ohio.
      11253 Kinsman Rd, Newbury, OH 44065
      View Details
    • Contact for pricing
      12,540 SF

      Commercial Property with Warehouse/Office

      Commercial-zoned property featuring a warehouse and office building.
      11330 Kinsman Rd, Newbury, OH 44065
      View Details
    • $389,900
      2.85 Acres

      14781 Sperry Rd, Newbury, OH 44065

      Commercial real estate • 2.85 Acres
      14781 Sperry Rd, Newbury, OH 44065
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Eight Properties, Kiwanis Lake, Updated
    Where is this commercial real estate located?
    The property is located at 14867 Beechwood Dr Newbury, OH.
    What is the asking price?
    The asking price for this property is $1,065,000.
    (216) 390-0910
    Request Owner's contact information
    14867 Beechwood Dr Newbury, OH 44065
    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.
    14867 Beechwood Dr
    Newbury, OH 44065
    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
    14867 Beechwood Dr Newbury, OH 44065
    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

    We can help!
    Listing Contact
    Diane Russo Armington
    Diane Russo Armington
    Real Estate License ID: 432462
    (216) 390-0910 (440) 781-2455 (440) 822-3222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!