Building Details

Year Built 1979

Buildings 1

Stories 2

Listing Agency: Mosholder Realty Inc.

Listed By: Steven Mosholder · License #2007005247 Show Phone

Source: Evrealestate

Added: Oct 2 Changed: Oct 13 Last Checked: Oct 14 at 10:44PM

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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 Mosholder Realty Inc.

Investment Insights

Based on property information with market context.

Built in 1979, this 2,832-square-foot residential income property includes a finished lower level with walk-out access. Heating features include natural gas and baseboard, with wall/window units also present. The property has a garage attached to the building and a garage door opener. A microwave, range, and refrigerator are included.

Key Highlights

• 2,832‑square‑foot residential income property
• Finished lower level with walk‑out access
• Attached garage with garage door opener

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,705

Cap Rate

7.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$454,100 $454.1K

Cap Rate 7%

$324,357 $324.4K

Cap Rate 9%

$252,278 $252.3K

Market Conditions

NOI Build-Up for 2,832 SF

Gross rent

$43.5K $15.36/SF

− Vacancy

−$2.2K −$0.78/SF

EGI

$41.3K $14.58/SF

− OpEx

−$18.6K −$6.56/SF

NOI

$22.7K $8.02/SF

Area

Summit County, OH

Vacancy

5.10%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$454,100

Cap Rate 7%

$324,357

Cap Rate 9%

$252,278

Alternative Uses

Best Use

Apartment 5plus

$324.4K

$283.8K – $378.4K (±1% cap)

NOI $22,705 @ 7.0% cap · market cap 7.21%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$695.0K

$608.1K – $810.8K (±1% cap)

NOI $48,650 @ 7.0% cap · market cap 15.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Restaurant Parking Lot & Garage Big Box & Wholesale Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Building Supply

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

15

Businesses Nearby

Explore this area Business Placement

Demographics for 44216, OH

9,443

Population

3,691

Households

2.6

Avg Household Size

45

Median Age

27%

College-Educated

97%

High-School Grad

23.5 sq mi

ZIP Area

402

Density / Sq Mi

$96,321

Median Household Income

$48,960

Median Earnings

$774

Median Rent

$214,000

Median Home Value

Questions? Ask Rey

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

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

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Frequently Asked Questions

What type of property is this?

Residential income property - Finished walk-out space and an attached garage add functional features to the property.

Where is this residential income property located?

The property is located at 848 & 852 Skyside Drive Clinton, OH.

What is the asking price?

The asking price for this property is $314,900.

What are key features of this property?

This property features: 2,832‑square‑foot residential income property; Finished lower level with walk‑out access; Attached garage with garage door opener