Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Spaces Near Kent State Title is generated by Realmo AI

    2500 OH-59, Kent, OH 44240

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail spaces available near Kent State University campus.

    Type:Retail
    Property size:
    2,400 SF
    Lot size:
    1.00 Acre
    Added:
    May 19, 2023
    Days on Market:
    1110
    Last Refresh:
    May 12 at 10:09 pm

    Property Features for 2500 OH-59

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    1.00 Acre
    Property subtype
    Retail

    Building Details

    Year Built
    2007

    Spaces For Lease

    at 2500 OH-59 Contact us

    Former GameStop $14/Mo

    Size
    2,080 SF
    Type
    Retail
    Former Gamestop space adjacent to a vacant former Luxury Wax space, with potential...
    show more
    Contact us

    Former Luxury Wax Space $14/Mo

    Size
    1,760 SF
    Type
    Retail
    Former in-line luxury wax space adjacent to a vacant former GameStop, with potential...
    show more
    Contact us

    Former Bakery $14/Mo

    Size
    2,400 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Jimmy DiFonzo
    Jimmy DiFonzo

    Listing agent Jimmy DiFonzo License #OH SAL2021003195

    Listing office Anchor Retail

    Listing date May 19, 2023

    Source Crexi

    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

    • Shadow anchored by Walmart Supercenter, providing significant customer traffic.
    • Located across from Akron Children’s Hospital Pediatric Rehabilitative Center, attracting related business and traffic.
    • Less than two miles from Kent State University (Main Campus), offering access to a large student population.
    • Pylon sign opportunity available, increasing visibility.
    • Available for sale, BTS (Build to Suit), or ground lease, providing flexible options.
    • Features 175'+ frontage on Kent‑Ravenna Road (OH‑59), ensuring high traffic exposure.

    Overview

    Retail spaces of 2,080 SF and 2,400 SF are available at Meadowview Square, offering pylon sign opportunities. Additionally, approximately 1.0 acre is available for sale, build-to-suit, or ground lease. The property features over 175 feet of frontage on Kent-Ravenna Road (OH-59) and is shadow-anchored by a Walmart Supercenter. It is located across from the newly-built Akron Children’s Hospital Pediatric Rehabilitative Center, which occupies approximately 29,500 SF on 7.23 acres. The property is less than two miles from Kent State University's main campus.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.3441
    Latitude
    41.1349

    Nearby Similar for Lease

    • Contact for pricing

      Kent Plaza Retail Space Available

      Grocery-anchored shopping center near Kent State University with high visibility.
      1709 SR 59, Kent, OH 44240
      View Details
    • Contact for pricing
      12,000 SF

      Warehouse/Light Manufacturing Space Available

      12,000 SF warehouse/light manufacturing space near I-76.
      1 163 Holiday Dr, Kent, OH 44240
      View Details
    • $5 SF/Yr
      12,000 SF

      Kent Warehouse with Office Space

      12,000 SF warehouse with office space for lease.
      1163 Holiday Dr, Kent, OH
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Kent State

      Retail space for lease near Kent State University.
      2108 SR-59, Kent, OH, 44240
      View Details
    • Contact for pricing
      8,670 SF

      Downtown Kent Retail Opportunity

      Retail space in the heart of Downtown Kent.
      101 East Main Street, Kent, OH, 44240
      View Details
    • Contact for pricing
      7,182 SF

      Retail Space Available For Lease

      Retail property with 7,182 square feet available for lease.
      210 South Depeyster Street, Kent, OH, 44240
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Kent State

      Retail space with high visibility and ample parking available for lease.
      1709 E Main St, Kent, OH
      View Details
    • Contact for pricing
      18,652 SF

      Retail/Office Space Near Kent State

      Retail or office space near Kent State University.
      1830 E Main St, Kent, OH
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      255 Tallmadge Rd, Kent, OH 44240
      View Details
    • Contact for pricing
      2,400 SF

      Retail Spaces Available in Kent

      Three retail spaces available near Kent State University campus.
      2594 State Rte 59, Kent, OH
      View Details
    • Contact for pricing
      2,250 SF

      Retail Spaces in Kent, Ohio

      Multiple retail spaces available in Kent, Ohio shopping center.
      3975 Cascades Blvd, Kent, OH
      View Details
    • Contact for pricing
      1,407 SF

      Mixed-Use Development in Kent, OH

      Mixed-use development near Kent State University with retail and office space.
      295 S Water St, Kent, OH
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available near Kent State University campus.
    Where is this retail space located?
    The property is located at 2500 OH-59 Kent, OH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Shadow anchored by Walmart Supercenter, providing significant customer traffic.; Located across from Akron Children’s Hospital Pediatric Rehabilitative Center, attracting related business and traffic.; Less than two miles from Kent State University (Main Campus), offering access to a large student population.
    (440) 364-5626 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jimmy DiFonzo
    Jimmy DiFonzo
    Real Estate License ID: OH SAL2021003195
    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

    Thank You for Inquiry
    2500 OH-59, Kent, OH 44240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!