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    Corner Lot with Auto Shop Building Title is generated by Realmo AI

    741 Eastwood Ave, Tallmadge, OH 44278

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    High-visibility corner lot with a 2,871 SF former auto repair building, suited for renovation or redevelopment.

    Type:LAND
    Property size:
    2,871 SF
    Lot size:
    1.25 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:24 am

    Property Features for 741 Eastwood Ave

    General Information

    Standard status
    Active
    Size
    2,871 SF
    Lot size
    1.25 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Chris McFarland
    Chris McFarland

    Listing agent Chris McFarland

    Listing office Anchor Retail

    Listing date Jun 2, 2026

    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 Anchor Retail

    HighLights

    • 1.251‑acre high‑visibility corner lot with street frontage of 376 ft on Eastwood Avenue and 371 ft on Treat Boulevard
    • Zoned C‑3 (General Commercial), allowing various retail and automotive uses
    • Includes an existing 2,871 SF building that was formerly used for auto repair
    • Large, level lot with a unique “pie shape” designed for maximum street exposure
    • On‑site building offers renovation or redevelopment potential

    Overview

    This high-visibility corner property features a large, level lot with a distinctive “pie shape” designed for strong street exposure. The site includes an existing 2,871 SF building that was formerly used for auto repair, providing a starting point for renovation, adaptive reuse, or redevelopment depending on the buyer’s plans.

    The parcel has excellent frontage with 376 feet along Eastwood Avenue and 371 feet along Treat Boulevard, supporting visibility from multiple directions. The property is zoned C-3 (General Commercial), which permits various retail and automotive uses.

    For automotive-oriented operators, the combination of corner exposure, substantial lot area, and an on-site auto shop building can fit a range of uses that align with C-3 zoning. For investors and developers, the existing structure offers flexibility for improvements while the site’s street-facing geometry and location in Tallmadge with access to major local thoroughfares support redevelopment considerations.
    Location Intelligence

    Current Use by Public Records

    Tallmadge Tire & Service ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Accounting Firm

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

    Similar Places Nearby

    • Sanner's Automotive Reconditioning — 1405 newton st, tallmadge, oh 44278
    • Northeast Auto Collision — 1388 Southeast Ave, Tallmadge, OH 44278
    • Garcia Standard powersports mechanic — 1320 Southeast Ave, Tallmadge, OH 44278
    • Auto And All — 1298 Newton St, Tallmadge, OH 44278
    • Pol mechanic — 1311 Newton St, Tallmadge, OH 44278

    Location Insight

    • Map
    • Local Demand
    City
    Tallmadge
    County
    Summit
    State
    Ohio
    Longitude
    -81.4151794
    Latitude
    41.0840536

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    FAQs

    What type of property is this?
    Auto shop - High-visibility corner lot with a 2,871 SF former auto repair building, suited for renovation or redevelopment.
    Where is this auto shop located?
    The property is located at 741 Eastwood Ave Tallmadge, OH.
    What are key features of this property?
    This property features: 1.251‑acre high‑visibility corner lot with street frontage of 376 ft on Eastwood Avenue and 371 ft on Treat Boulevard; Zoned C‑3 (General Commercial), allowing various retail and automotive uses; Includes an existing 2,871 SF building that was formerly used for auto repair
    (216) 342-2523 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris McFarland
    Chris McFarland
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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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    741 Eastwood Ave, Tallmadge, OH 44278
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