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Property profile & analytics

4574 State Rte 43 Kent, OH 44240-6924

  • Retail space
  • 1,600 SF
  • 0.43 lot acres
OFF-MARKET
Last Sale
Jan 31, 2023
Value Estimations
$295,000
Show details
Cap Rate Potential
6.5%
Retail space
Location Intelligence
Property ID
US66-1352641
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 4574 State Rte 43

Year built
1935
Lot size
0.43 lot acres
Property size
1,600 SF
Property type
Retail space
APN
04-023-00-00-046
APU
40230000046

Description

This exceptional single-story commercial property, located at 4574 State Route 43 in Kent, Ohio, presents a compelling investment opportunity. The 1,617 square foot building, constructed in 1935 and renovated in 1996, sits on a sizable 0.43-acre lot at the corner of Route 43 and Brimfield Road, ensuring excellent visibility and accessibility. Classified as a Class C property, it offers a single tenancy configuration, ideal for a variety of uses. The property's versatile nature makes it suitable for office, retail, or other commercial ventures. Its prime location in Portage County, Ohio, with a 44240 zip code, provides easy access to a thriving community. The building's substantial size and prominent location make it an attractive option for businesses seeking high visibility and ample space. The property's APN is 04-023-00-00-046-000. This is a rare opportunity to acquire a well-maintained commercial property in a desirable location with significant potential for growth. The asking price is $259,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Estimation
    $275,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $390,000
    6.5%
    $390,000
    7%
    $365,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $350,000
    Geo Method
    $375,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $335,000
    Retail
    $380,000
    Mixed-Use
    $340,000
    Hospitality
    $415,000
    Educational
    $340,000
    Residential Income
    $405,000
    Energy
    $410,000
    Income-Based Land
    $340,000
    Food Service
    $415,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Kent
County
Portage
State
Ohio
Longitude
-81.3474
Latitude
41.114
CBSA code
10420
CBSA name
AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,237
$10,260
$9,140
$19,400
-
$29,300
$26,100
$55,400
More about this property
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