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    Amherst Condo with Modern Updates Title is generated by Realmo AI

    133 Ambleside Way, Amherst, OH 44001

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    For Sale
    $320,000

    Well-maintained condo near downtown Amherst with community amenities.

    Type:Condominium
    Lot size:
    0.04 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    247
    Last Refresh:
    May 19 at 11:10 pm

    Property Features for 133 Ambleside Way

    General Information

    Standard status
    Active
    Lot size
    0.04 Acres
    Property subtype
    Condominium

    Building Details

    Year Built
    1994

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    Listing Contact
    Jamie Proctor
    Jamie Proctor

    Listing agent Jamie Proctor License #SAL

    Listing office Keller Williams Citywide

    Listing date Oct 2, 2025

    Source Kw

    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 Keller Williams Citywide

    HighLights

    • Low‑maintenance living with lawn care and snow removal included, plus community clubhouse and pool
    • Prime location near downtown Amherst's dining, shopping, and amenities
    • Stylish updates throughout, including stainless steel appliances, custom barn doors, and epoxy garage flooring
    • Spacious 3‑bedroom layout with flexible loft space and a third‑floor bedroom suitable for a guest suite or media room
    • Private stamped concrete patio with privacy fence, perfect for outdoor entertaining
    • Attached garage with epoxy flooring and built‑in shelving for organized storage

    Overview

    This well-maintained condo in Amherst features 3 bedrooms and 2.5 baths. The layout offers stylish updates and plenty of natural light. The living room includes soaring ceilings, a gas fireplace, built-in shelving, and expansive windows and doors. A versatile nook off the living area is suitable for a home office or reading corner. Adjacent to the living room is a dining area that flows into the kitchen. The kitchen features light cabinetry, stainless steel appliances, and generous counter space. A half bath and a dedicated laundry room with built-in shelving complete the first floor. Upstairs, a loft overlooks the main living space. The primary suite includes a walk-in closet and custom barn doors leading to a private bath with dual sinks, a soaking tub, and a separate water closet with a shower. A second bedroom and full bath are also located on this level. The entire third floor offers a spacious bedroom with vaulted ceilings and skylights, providing flexibility for a guest suite, media room, or creative studio. Sliding doors off the living room open to a stamped concrete patio with a privacy fence. The attached garage has epoxy flooring and built-in shelving. Community amenities include a clubhouse and pool, with lawn care and snow removal covered. The condo's proximity to downtown Amherst’s dining, shopping, and amenities makes it suitable for those seeking comfort, convenience, and community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Lorain
    State
    Ohio
    Longitude
    -82.2246
    Latitude
    41.3847

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained condo near downtown Amherst with community amenities.
    Where is this apartment building located?
    The property is located at 133 Ambleside Way Amherst, OH.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: Low‑maintenance living with lawn care and snow removal included, plus community clubhouse and pool; Prime location near downtown Amherst's dining, shopping, and amenities; Stylish updates throughout, including **stainless steel appliances, custom barn doors, and epoxy garage flooring**
    (440) 382-2301
    We can help!
    Listing Contact
    Jamie Proctor
    Jamie Proctor
    Real Estate License ID: SAL
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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.

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