Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15910 High St Middlefield, OH 44062

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Schlabach Printers - Middlefield Division / Graphic Designer / Photographer

    Property Details for 15910 High St

    Year built
    1966
    Property type
    Retail properties

    Description

    This exceptional Middlefield, Ohio retail property, located at 15910 W High St, offers a unique leasing opportunity. Situated on a generous 3.676-acre lot, this single-story, Class C building was constructed in 1966 and features a total of 50 parking spaces. The property is zoned GC and identified by APN 19-047700 in Geauga County. The available space totals 1,036 square feet and is currently configured as a versatile space suitable for various retail uses. A key feature is the rear garage storage area, ideal for private storage or workshop use. This area includes a suspended gas heater and a wall AC unit. Note that water and restrooms are not available in this space, and outside storage or signage is prohibited. The front area comprises a two-car garage with an archway leading to the larger rear area, which boasts high ceilings. This space can be leased independently or combined with a larger storefront space, providing flexibility for potential tenants. The property's ample parking and convenient location in Middlefield make it an attractive option for businesses seeking a well-situated retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Middlefield
    County
    Geauga
    State
    Ohio
    Longitude
    -81.0742
    Latitude
    41.4627

    Comparable in this City

    • Value Estimation by Request

      15910 High St

      Retail properties
      15910 High St, Middlefield, OH 44062
      View Details
    • Value Estimation by Request

      15910 High St

      Retail properties
      15910 High St, Middlefield, OH 44062
      View Details
    • Value Estimation by Request

      15411 High St

      Retail properties
      15411 High St, Middlefield, OH 44062
      View Details
    • Value Estimation
      $260,000
      7,000 SF

      14503 Old State Rd

      PARKING GARAGE, PARKING STRUCTURE • 7,000 SF
      14503 Old State Rd, Middlefield, OH 44062-9703
      View Details
    • Value Estimation
      $250,000
      1,512 SF

      8852 Girdle Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,512 SF
      8852 Girdle Rd, Middlefield, OH 44062-9573
      View Details
    • Value Estimation
      $260,000
      9,792 SF

      8932 Bundysburg Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,792 SF
      8932 Bundysburg Rd, Middlefield, OH 44062-9525
      View Details

    Similar Nearby for Sale

    • $1,750,000
      47,909 SF

      Middlefield Commercial Property For Sale

      Commercial property in Middlefield with retail and warehouse space.
      16003 E High St, Middlefield, OH 44062
      View Details
    • $234,000
      13.02 Acres

      Land with Free Gas, Middlefield

      13.02 acres ideal for building near Middlefield Village.
      13105 Madison Rd, Middlefield, OH 44062
      View Details
    • Contact for pricing
      Pending

      Vacant Land in Middlefield, Ohio

      17.2 acres of vacant land in Geauga County.
      Nash Rd, Middlefield, OH 44062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,317 SF

      Middlefield Plaza Retail Spaces

      Five retail spaces available; ample parking.
      15411 High St, Middlefield, OH 44062
      View Details
    • Contact for pricing

      Middlefield Flex Showroom Space

      Flexible showroom with loading docks in Middlefield, Ohio.
      15651 West High St, Middlefield, OH 44062
      View Details
    • Contact for pricing
      2,560 SF

      Retail Space in Middlefield

      Retail space for lease in the heart of Middlefield.
      15411-15421 W High St, Middlefield, OH 44062
      View Details
    • $875 /Mo
      686 SF

      Prime Retail Space Available

      Exceptional retail opportunity in a high-traffic Middlefield, Ohio location.
      15446 West High St, Middlefield, OH 44062
      View Details
    • Contact for pricing
      5,932 SF

      Retail Space Available For Rent

      Retail suites available for rent in Middlefield, Ohio.
      15400-15424 W High St, Middlefield, OH 44062
      View Details
    • $1,750 /Mo
      1,500 SF

      Middlefield Retail/Office Space Available

      High-visibility retail or office space in excellent condition.
      14960 S State Ave, Middlefield, OH 44062
      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.
    15910 High St
    Middlefield, OH 44062
    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

    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.