Building Details

Year Built 1955

Buildings 1

Stories 1

Listed By: Diane M Dillon Show Phone

Source: Evrealestate

Added: Sep 11 Changed: Sep 26 Last Checked: Sep 26 at 2:39PM

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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 Diane M Dillon

Investment Insights

Based on property information with market context.

This duplex at 4315-4317 Marks Avenue in Rootstown includes an eat-in kitchen, range, and refrigerator. Heating is gas forced air, and a driveway provides on-site vehicle access. The property was built in 1955.

Key Highlights

• Duplex at 4315‑4317 Marks Avenue in Rootstown
• Built in 1955
• Gas forced‑air heating

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$13,789

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

6.02%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$275,780 $275.8K

Cap Rate 7%

$196,986 $197.0K

Cap Rate 9%

$153,211 $153.2K

Market Conditions

NOI Build-Up for 1,584 SF 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.

Gross rent

$20.9K $13.20/SF

− Vacancy

−$1.2K −$0.76/SF

EGI

$19.7K $12.44/SF

− OpEx

−$5.9K −$3.73/SF

NOI

$13.8K $8.71/SF

Area

Portage County, OH

Vacancy

5.79%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$275,780

Cap Rate 7%

$196,986

Cap Rate 9%

$153,211

Alternative Uses

Best Use

Multifamily LT 5

$197.0K

$172.4K – $229.8K (±1% cap)

NOI $13,789 @ 7.0% cap · market cap 6.02%

Second Best

Apartment 5plus

$182.3K

$159.5K – $212.7K (±1% cap)

NOI $12,762 @ 7.0% cap · market cap 5.57%

Theoretical Best

Office A

$319.1K

$279.2K – $372.2K (±1% cap)

NOI $22,334 @ 7.0% cap · market cap 9.75%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store Building Supply Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

172

Businesses Nearby

Explore this area Business Placement

Demographics for 44272, OH

5,356

Population

2,447

Households

2.2

Avg Household Size

43

Median Age

31%

College-Educated

96%

High-School Grad

24.3 sq mi

ZIP Area

220

Density / Sq Mi

$81,468

Median Household Income

$38,133

Median Earnings

$1,040

Median Rent

$241,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Gas forced-air heat and a driveway serve this Rootstown property.

Where is this duplex located?

The property is located at 4315-4317 Marks Avenue Rootstown, OH.

What is the asking price?

The asking price for this property is $229,000.

What are key features of this property?

This property features: Duplex at 4315‑4317 Marks Avenue in Rootstown; Built in 1955; Gas forced‑air heating