Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9179 Royalton Rd North Royalton, OH 44133
    Property profile & analytics

    9179 Royalton Rd, North Royalton, OH 44133

    View on Map
    • Retail properties & Spaces
    • 1,803 SF
    • 155.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 9179 Royalton Rd

    Year built
    1873
    Lot size
    155.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Auto shops

    Description

    This exceptional North Royalton, Ohio property presents a unique redevelopment opportunity for owner-users. Located at 9179 Royalton Rd, 44133, this 1,800 square foot retail space, formerly used as a construction company office and shop, sits on a substantial 1.15-acre lot (155 ft frontage). The property includes four buildings, all single-story, with a mix of commercial and residential space. The main structure features a remodeled residence on the first floor, suitable for additional office space, and a former shop area on the upper level. A large rear garage offers further shop space. Built in 1873 with various renovations over the past 30 years, the property is zoned for local retail use and boasts excellent visibility, situated next to a Speedway gas station and convenience store. The asking price is $370,000 ($205.21/sq ft). All utilities are available. The property's size and location make it ideal for a business owner seeking a combined residential and commercial space. Occupancy is available March 31, 2024. The property's APN is 483-29-004. This is a Class C property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Royalton
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.754
    Latitude
    41.3128

    Comparable in this City

    • Value Estimation by Request
      4,798 SF

      12950 Albion Rd

      AUTO REPAIR, GARAGE
      12950 Albion Rd, North Royalton, OH 44133-2453
      View Details
    • Value Estimation by Request
      1,016 SF

      14095 State Rd

      AUTO REPAIR, GARAGE
      14095 State Rd, North Royalton, OH 44133-5107
      View Details
    • Value Estimation by Request
      1,950 SF

      7351 Royalton Rd

      AUTO REPAIR, GARAGE
      7351 Royalton Rd, North Royalton, OH 44133-4822
      View Details
    • Value Estimation
      $535,000
      5,000 SF

      7437 Royalton Rd

      AUTO REPAIR, GARAGE
      7437 Royalton Rd, North Royalton, OH 44133-4743
      View Details
    • Value Estimation
      $900,000
      8,875 SF

      13225 York Delta Dr

      AUTO REPAIR, GARAGE
      13225 York Delta Dr, North Royalton, OH 44133-3524
      View Details
    • Value Estimation
      $1,475,000
      12,449 SF

      14875 York Rd

      AUTO REPAIR, GARAGE
      14875 York Rd, North Royalton, OH 44133-4509
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High-Visibility Commercial Lot Available

      Prime corner lot suitable for retail, office, or food service.
      14030 State Rd, North Royalton, OH 44133
      View Details
    • Contact for pricing
      18,921 SF

      Industrial Building with Crane

      Well-maintained industrial building featuring a 5-ton crane.
      9940 York Alpha Dr, North Royalton, OH 44133
      View Details
    • $279,900
      2.01 Acres

      Residential Land in Exclusive Community

      Land with walk-out potential in a tranquil, accessible location.
      2 Hidden Rdg Rd, North Royalton, OH 44133
      View Details
    • $279,900
      2.01 Acres

      North Royalton Land For Sale

      Exclusive home site with stunning views and walk-out basement potential.
      2 Hidden Rdg Rd, North Royalton, OH 44133
      View Details
    • $450,000
      45.36 Acres

      North Royalton Land For Sale

      45.36 acre land parcel in North Royalton, Ohio.
      6436 Cady Rd, North Royalton, OH 44133
      View Details
    • $235,000
      Pending

      Land Overlooking Mill Stream Reservation

      3.18 acres with panoramic views in North Royalton, Ohio.
      11861 Edgerton Rd, North Royalton, OH 44133
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,094 SF

      North Royalton Development Land

      1.15-Acre Site, High-Demand Location
      5389 Royalton Rd, North Royalton, OH 44133
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space on Royalton Road

      Retail property for lease with high traffic and visibility.
      6000-6160 Royalton Rd, North Royalton, OH 44133
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in North Royalton

      Retail spaces available in growing North Royalton suburb.
      5600-5730 Wallings Rd, North Royalton, OH 44133
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in North Royalton, OH.
      6000 Royalton Rd, North Royalton, OH 44133
      View Details
    • Contact for pricing

      Office Suite in North Royalton

      640 SF office suite with natural light for rent.
      6785 Wallings Rd, North Royalton, OH 44133
      View Details
    • Contact for pricing
      640 SF

      North Royalton Office Space Available

      640 SF office suite with natural light for rent.
      6785 Wallings Rd, North Royalton, OH 44133
      View Details
    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.
    9179 Royalton Rd
    North Royalton, OH 44133
    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
    9179 Royalton Rd, North Royalton, OH, 44133
    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!