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

    330 West High Street Orrville, OH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail/office plaza with warehouse space in Orrville, Ohio.

    Type:RETAIL
    Lot size:
    0.88 Acres
    Added:
    Oct 22, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 5 at 8:09 pm

    Property Features for 330 West High Street

    General Information

    Standard status
    Active
    Lot size
    0.88 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Troy Gerspacher, CCIM, SIOR

    Listing agent Troy Gerspacher, CCIM, SIOR

    Listing office Gerspacher Real Estate Group

    Listing date Oct 22, 2025

    Source Moodyscre

    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 Gerspacher Real Estate Group

    Overview

    Orrville Retail and Office Plaza

    Located in Orrville, Ohio, this retail and office plaza includes a warehouse in the rear. The property provides 16,758 square feet of flexible space divided into six units. Three units are currently leased to 211's Legacy Tanning, Trent Insurance Group, and Polish2Perfection. Available spaces range from 1,290 to 5,973 square feet, with the option to combine units for larger configurations. Constructed in 1966 and renovated in 2002, the property has undergone recent upgrades, including a new roof and new AC units completed in 2022. The property features three 10 x 10 overhead doors and one unit with a drive-thru. Approximately 40 on-site parking spaces are available. The well-maintained property offers excellent visibility and is suitable for retail, office, or service-based users requiring warehouse storage. This property presents a strong opportunity for investors or owner-occupants seeking a blend of stability and upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    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
    Orrville
    County
    Wayne
    State
    Ohio
    Longitude
    -81.7683
    Latitude
    40.8435

    Nearby Similar for Sale

    • $1,200,000
      11,335 SF

      Freestanding Retail Building For Sale

      Freestanding 11,335 SF former Rite Aid available for sale.
      222 South Main Street, Orrville, OH, 44667
      View Details
    • $287,000

      Orrville Multifamily Investment Opportunity

      Multifamily property with income potential in Orrville, Ohio.
      11657 Back Massillon Road, Orrville, OH 44667
      View Details
    • $287,000

      Orrville Investment Property For Sale

      Investment property with multiple income streams in Orrville, Ohio.
      11657 Back Massillon Road, Orrville, OH 44667
      View Details
    • $1,225,000
      6,040 SF

      Flex Building with Long-Term Tenant

      12-unit flex building with established tenant and service garage.
      1793 North Main Street, Orrville, OH
      View Details
    • Contact for pricing

      257-Unit Self-Storage Complex Auction

      2.56-acre self-storage complex with 257 units in Orrville, OH.
      2093 N Kansas Rd, Orrville, OH 44667
      View Details
    • $895,000
      22,271 SF

      Two-Story Medical Office Building

      Two-story medical office building with ample parking available for sale.
      365 S Crown Hill Rd, Orrville, OH
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail/office plaza with warehouse space in Orrville, Ohio.
    Where is this strip mall located?
    The property is located at 330 West High Street Orrville, OH.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Flexible space: Sizes range from 1,290 SF to 5,973 SF with the option to combine units.; Located in the heart of Orrville, Ohio, with excellent visibility.; Three existing tenants providing immediate income.
    (216) 470-4545 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Troy Gerspacher, CCIM, SIOR
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!