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    State Rte 8 Hudson, OH 44236
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    State Rte 8, Hudson, OH 44236

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    • Land
    • 71.00 lot acres
    For Sale
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    Prime 71-Acre Ohio Commercial Land For Sale
    Contact for pricing

    Prime 71-Acre Ohio Commercial Land

    Exceptional location, build-to-suit options.

    0 State Rte 8, Hudson, OH 44236
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 State Rte 8

    Lot size
    71.00 lot acres
    Property type
    Land

    Description

    This exceptional 71-acre commercial land parcel presents a unique investment opportunity in Summit County, Ohio. Strategically located near the intersection of State Route 8 and the Ohio Turnpike, this property boasts unparalleled access to major transportation arteries. With an average daily traffic count of 60,000 vehicles on State Route 8 and 18,500 vehicles on the Ohio Turnpike, this site offers unmatched visibility and accessibility for a wide range of commercial developments. The property is zoned for retail and corporate campus development, making it ideal for build-to-suit projects or build-to-own ventures. This versatile land offers developers the chance to create a thriving commercial hub, catering to a large and diverse customer base. The location in Boston Heights, near Hudson, OH, provides access to a strong workforce and affluent residential areas. Furthermore, a tax abatement program is available, potentially reducing development costs and enhancing the overall return on investment. This is a rare opportunity to acquire a significant land parcel in a high-traffic area with excellent development potential. The property's size and location make it suitable for a variety of large-scale commercial projects. Serious inquiries are encouraged. The address is State Route 8, Boston Heights, OH 44236.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Summit
    State
    Ohio
    Longitude
    -81.499
    Latitude
    41.2515

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      71.00 Acres

      Prime 71-Acre Ohio Commercial Land

      Exceptional location, build-to-suit options.
      0 State Rte 8, Hudson, OH 44236
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      Land For Sale

      Land available for sale.
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      Land For Sale Hudson, OH

      Land available for sale in Hudson, Ohio.
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    Similar Nearby for Lease

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      Land Available Near Downtown Hudson

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      Retail Spaces in Hudson District

      Retail spaces available for lease in Hudson's First & Main.
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      65 Acres Industrial Land Available

      Divisible 65-acre industrial land with highway access and tax abatement.
      124 East Hines Hill Rd, Hudson, OH 44236
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      Land Available For Lease

      Commercial land available for lease in Hudson, Ohio.
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      Hudson Industrial Land for Lease

      Industrial land with access to Ohio Turnpike and State Route 8.
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      7,718 SF

      Suburban Office Space Available

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