Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5698 Hudson Dr Hudson, OH 44236

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Hudson Office/Warehouse Suites

    Lot size:
    20,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    Introducing Standard Shops of Hudson, a Class A, 20,320 square foot office and industrial complex situated on 5.4 acres. This single-story building, completed in 2024, offers 14 suites with a minimum divisible space of 1,250 square feet and a maximum contiguous space of 10,160 square feet. The property boasts 22-foot ceiling heights, 14 drive-in doors, and is ideally located in the Hudson submarket of the Cleveland Akron cluster, offering easy access to both Cleveland and Akron (20-35 minute commute). Units feature 14' x 16' powered overhead doors, available in sizes of 25'x50', 27'x50', and 30'x54'. Each suite includes insulated, remote-controlled garage doors with walk-in front doors, a private bathroom, single-phase power, powerful LED lighting, a water heater, floor drains, a utility sink, insulated walls and ceilings, firewalls, a hanging gas heater, access control systems, and security cameras with outdoor lighting. Mezzanine and full office build-outs are available. The property is zoned for Light Industrial use and presents a unique opportunity for businesses seeking modern, efficient, and conveniently located space in a thriving community. The Hudson submarket is known for its high median household income exceeding $160,000.

    Property Features for 5698 Hudson Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,320 SF
    Class
    A
    Total Rate
    29260.8

    Building Details

    Year Built
    2024
    Stories
    1

    Unit(s) available at that property

    Space
    Building Delta
    Size
    10,160 SF
    Rate per SF
    $17

    We can help!

    Listing Contact
    Cole Kroneker
    Cole Kroneker

    Learn more

    HighLights

    • High ceilings ranging from 18' to 22' clear height; mezzanine and office build‑out available.
    • 14' x 16' powered overhead doors.
    • Unit sizes: 25'x50', 27'x50', and 30'x54'.
    • Insulated, remote‑controlled garage doors with walk‑in front doors.
    • Private bathroom included in each unit.
    • Single‑phase power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Summit
    State
    Ohio
    Longitude
    -81.44582246
    Latitude
    41.21748178

    Nearby Similar for Lease

    • New
      $9,167 /Mo
      218,671 SF

      Hudson Commercial Building For Lease

      2,500-10,000 SqFt commercial building in Hudson's South Park.
      1920 Georgetown Rd, Hudson, OH 44236
      View Details
    • $180 SF/Yr
      127,065 SF

      Hudson Office Space For Rent

      Versatile office spaces in Hudson with flexible lease terms.
      75-77 Milford Dr, Hudson, OH 44236
      View Details
    • $15 SF/Yr
      3,160 SF

      Hudson Main Street Retail Spaces

      Prime Downtown Hudson Retail, Two Spaces Available
      218 Main St, Hudson, OH 44236
      View Details
    • $3,100,000
      40,000 SF

      Spacious Office and Warehouse Facility

      40,000 SF building with office and warehouse space for lease.
      1100 Terex Rd, Hudson, OH 44236
      View Details
    • Contact for pricing
      11,210 SF

      Hudson Acme Plaza Retail Space

      Prime Retail Space, 11,210 SF Available
      116 Streetsboro St, Hudson, OH 44236
      View Details
    • Contact for pricing
      11,210 SF

      Hudson Retail Space For Lease

      Retail space in Hudson Acme Plaza anchored by Acme Fresh Market.
      118 W Streetsboro St, Hudson, OH 44236
      View Details
    • Contact for pricing
      72,896 SF

      Hudson Medical Office Space

      Prime Medical Office Suites in Hudson, OH
      5655 Hudson Dr, Hudson, OH 44236
      View Details
    • Contact for pricing
      3,073 SF

      Retail Space in Hudson Plaza

      Retail space available in Hudson Acme Plaza.
      118-178 W Streetsboro St, Hudson, OH 44236
      View Details
    • Contact for pricing
      2,000 SF

      Hudson Acme Plaza Retail Space

      Retail space in a grocery-anchored plaza with high incomes.
      178 W Streetsboro St, Hudson, OH 44236
      View Details
    • Contact for pricing
      2,277 SF

      Retail Space in Hudson, OH

      2,277 SF retail space in Hudson, OH for lease.
      5 Atterbury Blvd, Hudson, OH 44236
      View Details
    • Contact for pricing
      1,557 SF

      Downtown Hudson Retail/Office Space

      Retail or office space for lease in historic downtown Hudson.
      219 N Main St, Hudson, OH 44236
      View Details
    • Contact for pricing
      3,855 SF

      Suburban Office Space Available

      Single-story office suites with natural light, convenient location.
      105 Executive Pkwy, Hudson, OH 44236
      View Details

    FAQs

    What type of property is this?
    Office space - Prime Hudson Office/Warehouse Suites
    Where is this office space located?
    The property is located at 5698 Hudson Dr Hudson, OH.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: High ceilings ranging from 18' to 22' clear height; mezzanine and office build-out available.; 14' x 16' powered overhead doors.; Unit sizes: 25'x50', 27'x50', and 30'x54'.
    Request Owner's contact information
    5698 Hudson Dr Hudson, OH 44236
    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.
    5698 Hudson Dr
    Hudson, OH 44236
    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
    5698 Hudson Dr Hudson, OH 44236
    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

    We can help!
    Listing Contact
    Cole Kroneker
    Cole Kroneker
    Real Estate License ID: SAL 2024000334
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.