Versatile Commercial Property Near
124 Tallmadge Road Kent, OH 44240
124 Tallmadge Road, Kent, OH, 44240
$395,000
For Sale
$395,000
Integrated commercial property near retail, office, and residential areas.
Property Size1,628 SF
Price / SF$242.63
Days on Market638
Property Features for 124 Tallmadge Road
General Information
- Standard status
- Active
- Size
- 1,628 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1935
Listing Agency
Berkshire Hathaway HomeServices Stouffer Realty
(330) 289-5658
Listed by
Steve Thompson · License #2019000397
(330) 289-5658
Source
Xome
Added: Oct 17, 2024 Checked: Jul 16 at 7:50 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Stouffer Realty
Investment Insights
Based on property information with market context.
This property, located within a minute of I-76 and near numerous retail establishments, is zoned integrated commercial, offering flexibility for various uses, including retail, professional office, and multi-family residential. The property includes a house that could be renovated for use as office space. Electric, gas, and public sewer are available. Water is accessible just to the east of the property. The property size is 1628 square feet.
Key Highlights
- Integrated Commercial Zoning: Offers flexibility for retail, office, or multi‑family residential.
- Convenient Location: Located within a minute of I‑76 and near many retail establishments.
- Utility Availability: Electric, gas, and public sewer are available on the property.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $21.48 |
| − Vacancy | −$8.4k | −$5.13 |
| EGI | $26.6k | $16.35 |
| − OpEx | −$6.7k | −$4.09 |
| NOI | $20.0k | $12.26 |
1,628 SF · lease $21.48/SF/yr · vacancy 23.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$285.1K
$249.5K – $332.7K
NOI $19,959 @ 7.0% cap · market cap 5.05%
Second Best
Mixed Use
$235.5K
$206.1K – $274.7K
NOI $16,484 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$327.9K
$286.9K – $382.6K
NOI $22,954 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Integrated commercial property near retail, office, and residential areas.
Where is this mixed-use property located?
The property is located at 124 Tallmadge Road Kent, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Integrated Commercial Zoning: Offers flexibility for retail, office, or multi‑family residential.; Convenient Location: Located within a minute of I‑76 and near many retail establishments.; Utility Availability: Electric, gas, and public sewer are available on the property.
