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    1203 Front Ave New Philadelphia, OH 44663

    • Land
    • 1.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rural King Tractors / Agricultural Supply
    • Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • Rural King Guns / Gun Shop
    • Rural King / Big Box & Wholesale Store / Agricultural Supply
    • ATM / Atm

    Property Details for 1203 Front Ave

    Lot size
    1.00 lot acres
    Property type
    Land
    Property subtype
    Retail space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Philadelphia
    County
    Tuscarawas
    State
    Ohio
    Longitude
    -81.4691
    Latitude
    40.4902

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      Commercial Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
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    • Value Estimation by Request
      1,314 SF

      101 High Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,314 SF
      101 High Ave, New Philadelphia, OH 44663-3887
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      732 SF

      304 Ray NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 732 SF
      304 Ray NW Ave, New Philadelphia, OH 44663-1964
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    • Value Estimation by Request
      4,225 SF

      159 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 4,225 SF
      159 Broadway St, New Philadelphia, OH 44663-3844
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    • Value Estimation by Request
      4,426 SF

      113 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 4,426 SF
      113 Broadway St, New Philadelphia, OH 44663-3828
      View Details
    • Value Estimation by Request
      7,152 SF

      1046 Cookson SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,152 SF
      1046 Cookson SE Ave, New Philadelphia, OH 44663-9500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Prime Outlot Near Rural King

      1-Acre Commercial Land in Ohio
      1203 Front Ave, New Philadelphia, OH 44663
      View Details
    • $4,150,000
      112,586 SF

      Mixed-Use Investment Opportunity

      Retail, office, and warehouse spaces available for lease or sale.
      1109-1139 Bowers Ave NW, New Philadelphia, OH 44663
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    • $3,580,500
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      I-77 Industrial Land Opportunity

      47 Acres, Prime Ohio Location
      I-77 Land, New Philadelphia, OH 44663
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    • $1,200,000
      1.40 Acres

      Commercial Land in New Philadelphia

      Two parcels of commercial land available for new development.
      1200 W High Ave, New Philadelphia, OH 44663
      View Details
    • $99,900
      5.00 Acres

      5 Acres Vacant Land

      5 acres of vacant land with road frontage.
      Goshen Hill Rd SE, New Philadelphia, OH 44663
      View Details
    • New
      $209,900
      0.34 Acres

      Corner Lot in High Traffic

      Commercial lot in high-traffic area with city utilities available.
      902 W High Ave, New Philadelphia, OH 44663
      View Details

    Similar Nearby for Lease

    • $1,853 /Mo
      314,242 SF

      Versatile Retail Space Available

      4,680 SF retail space in a high-traffic business hub.
      1260 Monroe St NW, New Philadelphia, OH 44663
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in New Philadelphia

      3,000 SF retail space available in New Philadelphia, Ohio.
      240-408 Bluebell Dr NW, New Philadelphia, OH 44663
      View Details
    • $13 SF/Yr
      2,600 SF

      End Cap Unit with Drive-in

      2,600 SF end cap unit with two drive-in doors.
      1241-1303 Monroe St NW, New Philadelphia, OH 44663
      View Details
    • Contact for pricing

      Rural King Outlot: Prime 1 Acre

      High-traffic New Philadelphia, OH commercial land. Excellent visibility.
      1203 Front Ave, New Philadelphia, OH 44663
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    • Contact for pricing
      3,000 SF

      New Philadelphia Retail Center

      Prime Retail Space, I-77 & Rt 250
      324 Bluebell Dr, New Philadelphia, OH 44663
      View Details
    • $5 SF/Yr
      23,510 SF

      Established Shopping Plaza in New Philadelphia

      Professionally managed plaza with ample parking in a convenient location.
      1239 Monroe St Northwest, New Philadelphia, OH 44663
      View Details
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    1203 Front Ave
    New Philadelphia, OH 44663
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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.

    More about this property
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