Sign Up Successful!
You now have access to more from Realmo!
    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

    112 Tallmadge Rd Kent, OH 44240

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $600,000

    Integrated commercial property suitable for retail, office, or residential use.

    Lot size:
    5.00 Acres

    Property Features for 112 Tallmadge Rd

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    Steve Thompson
    Source: Exprealty

    Listing Agency: Berkshire Hathaway HomeServices Stouffer Realty Listing Agent: Steve Thompson

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

    Learn more

    Overview

    Commercial Land Near I-76

    This property is located within a minute of I-76 and in close proximity to numerous retail establishments. It is zoned integrated commercial, providing flexibility for various uses, including retail, professional office, and multi-family residential. A house is situated on the property, which 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 also available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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

    • $950,000
      12,520 SF

      Renovated Aurora Warehouses with Expansion Potential

      Recently renovated warehouses on 3.01 acres with expansion potential.
      11415 Chamberlain Rd, Kent, OH
      View Details
    • $450,000
      10,912 SF

      Kent City Industrial Mold Shop

      10,900 SF industrial building with cranes and ample parking.
      222 Martinel Dr, 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 44240
      View Details
    • Contact for pricing
      91,000 SF

      91,000 SF Industrial Facility

      91,000 SF industrial facility on 15.5 acres in Kent, OH.
      9 Franklin Ave, Kent, OH 44240
      View Details
    • $950,000
      7,765 SF

      Retail Property on 5.08 Acres

      7,765 SF retail building on 5.08 acres for sale.
      2108 Sr 59, Kent, OH
      View Details
    • $1,100,000
      4,430 SF

      with a selection of wines and beers to complement the hearty meals. *Cash or check only

      which maintains the restaurant's old-world charm. *Conveniently located on a high-traffic road in Kent
      1609 Main St, Kent, OH 44240
      View Details
    • $1,500,000
      16,000 SF

      High-Visibility Kent Commercial Building

      16,000 SF, 1.77 Acres, High Traffic
      4494 State Route 43, Kent, OH 44240
      View Details
    • $37,000
      0.50 Acres

      Kent Commercial/Residential Land

      Half-acre lot, Commercial/Residential zoning.
      Brady Lake Rd, Kent, OH 44240
      View Details
    • $329,900
      1,510 SF

      Kent Mixed-Use Investment Opportunity

      High-traffic location, flexible zoning, great potential.
      136 Tallmadge Rd, Kent, OH 44240
      View Details
    • $600,000
      1,375 SF

      Prime Kent Mixed-Use Opportunity

      Five-acre lot, 1375 sqft, high visibility.
      112 Tallmadge Rd, Kent, OH 44240
      View Details
    • $3,400,000
      15,120 SF

      Walgreens Pharmacy Investment

      High-yield, long-term Walgreens lease.
      320 Water St, Kent, OH 44240
      View Details
    • $1,150,000
      3,992 SF

      Kent Mixed-Use Redevelopment Opportunity

      High-traffic corner, 6 units, redevelopment potential
      103 Lake St, Kent, OH 44240
      View Details

    FAQs

    What type of property is this?
    Commercial land - Integrated commercial property suitable for retail, office, or residential use.
    Where is this commercial land located?
    The property is located at 112 Tallmadge Rd 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 for various uses.; - Excellent location, situated within a minute of I-76 and near many retail establishments.; - Existing house offers potential for renovation into office space.
    (330) 289-5658
    Request Owner's contact information
    112 Tallmadge Rd Kent, OH 44240
    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.
    112 Tallmadge Rd
    Kent, OH 44240
    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
    112 Tallmadge Rd Kent, OH 44240
    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
    Steve Thompson
    (330) 289-5658
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.