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    3975 Kenneth Dr Rootstown, OH 44272
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    3975 Kenneth Dr, Rootstown, OH 44272

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    • Office Spaces
    • 7,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hope Village Outpatient Recovery Center / Corporate Office
    • Kristen Mathies / Foster Care Service / Social Service Agency
    • Tylor Odell / Crisis Center / Medical Clinic
    • Steven Pavlik / Crisis Center / Medical Clinic
    • Jennifer Poling / Physician / Medical Clinic

    Property Details for 3975 Kenneth Dr

    Year built
    2004
    Property type
    Office Spaces

    Description

    This exceptional 7,000-square-foot freestanding office building, constructed in 2004, sits on a spacious 2.78-acre lot in Rootstown, Ohio. The property boasts a convenient location within the greater Akron area, providing excellent access to I-71. The building features two suites, each encompassing 3,500 square feet, offering flexibility for various business needs. One suite is located on the main floor, while the other is situated on a lower level with its own dedicated entrance. The design incorporates abundant natural light through numerous skylights. Inside, you'll find a well-planned layout including private offices, a welcoming reception area, and dedicated conferencing space. The building offers ample parking with 26 spaces available. The property is zoned V-C and features a single-story design. The total building area is 7,000 square feet, with a minimum divisible space of 3,500 square feet. The entire 7,000 square feet is currently vacant and ready for immediate occupancy. The property's address is 3975 Kenneth Drive, Rootstown, OH 44272, with a cross street of Tallmadge Road. The APN is 32-022-20-00-029-002.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rootstown
    County
    Portage
    State
    Ohio
    Longitude
    -81.237
    Latitude
    41.0977

    Comparable in this City

    • Value Estimation by Request
      2,482 SF

      4332 Tallmadge Rd

      OFFICE (GENERAL)
      4332 Tallmadge Rd, Rootstown, OH 44272-9213
      View Details
    • Value Estimation by Request
      960 SF

      6872 Tallmadge Rd

      OFFICE (GENERAL)
      6872 Tallmadge Rd, Rootstown, OH 44272
      View Details
    • Value Estimation by Request
      1,320 SF

      4292 Tallmadge Rd

      OFFICE (GENERAL)
      4292 Tallmadge Rd, Rootstown, OH 44272-9202
      View Details
    • Value Estimation by Request
      7,000 SF

      3975 Kenneth Dr

      Office Spaces
      3975 Kenneth Dr, Rootstown, OH 44272
      View Details
    • Value Estimation by Request
      2,520 SF

      4454 Lynn Rd

      OFFICE (GENERAL)
      4454 Lynn Rd, Rootstown, OH 44272
      View Details
    • Value Estimation by Request
      760 SF

      Tallmadge

      OFFICE (GENERAL)
      Tallmadge, Rootstown, OH 44272
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Freestanding Office Building Near I-71

      7,000 SF office building with excellent I-71 access.
      3975 Kenneth Dr, Rootstown, OH 44272
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    • $40,000
      0.51 Acres

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      0.51 acre lot in established upscale subdivision.
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    • $1,500,000
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      Rootstown Grocery Store For Sale

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      Rootstown Land Near I-76

      1.77 acre lot suitable for building a home.
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      0.50 Acres

      Rootstown Land Near I-76

      0.50 acre lot in Rootstown Local School District.
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    • $1,400,000

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    Rootstown, OH 44272
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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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